1,409 Shares in Fiserv, Inc. (NYSE:FI) Purchased by Glassman Wealth Services

Glassman Wealth Services acquired a new position in shares of Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,409 shares of the business services provider’s stock, valued at approximately $187,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Fiserv by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock worth $5,705,241,000 after purchasing an additional 789,232 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in Fiserv in the 4th quarter valued at about $960,592,000. Norges Bank acquired a new position in Fiserv in the 4th quarter valued at about $874,377,000. Northern Trust Corp grew its position in Fiserv by 2.7% in the 3rd quarter. Northern Trust Corp now owns 6,416,853 shares of the business services provider’s stock valued at $724,848,000 after acquiring an additional 168,286 shares in the last quarter. Finally, Invesco Ltd. grew its position in Fiserv by 5.2% in the 3rd quarter. Invesco Ltd. now owns 5,207,615 shares of the business services provider’s stock valued at $588,252,000 after acquiring an additional 258,036 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. TD Cowen lifted their target price on Fiserv from $167.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Stephens reaffirmed an “equal weight” rating and issued a $165.00 target price on shares of Fiserv in a research report on Wednesday, April 24th. Citigroup lifted their target price on Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Robert W. Baird boosted their price objective on Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Finally, Mizuho boosted their price objective on Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $164.83.

Fiserv Stock Performance

NYSE FI traded up $0.14 on Friday, reaching $150.34. The stock had a trading volume of 1,579,942 shares, compared to its average volume of 2,305,582. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99. The business’s 50-day moving average price is $153.50 and its 200 day moving average price is $143.20. The stock has a market cap of $87.96 billion, a P/E ratio of 28.10, a price-to-earnings-growth ratio of 1.21 and a beta of 0.92.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The company had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter in the previous year, the business earned $1.58 earnings per share. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities analysts expect that Fiserv, Inc. will post 8.69 earnings per share for the current year.

Insider Activity

In other news, COO Guy Chiarello sold 63,646 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total value of $9,801,484.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,209,646. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders have sold 111,575 shares of company stock valued at $17,022,387. Company insiders own 0.75% of the company’s stock.

Fiserv Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.