Cornell Pochily Investment Advisors Inc. Purchases New Stake in Fiserv, Inc. (NYSE:FI)

Cornell Pochily Investment Advisors Inc. acquired a new position in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,678 shares of the business services provider’s stock, valued at approximately $356,000.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. purchased a new stake in Fiserv in the third quarter worth approximately $5,705,241,000. Morgan Stanley boosted its position in shares of Fiserv by 131.3% during the fourth quarter. Morgan Stanley now owns 9,980,646 shares of the business services provider’s stock valued at $1,008,744,000 after buying an additional 5,666,145 shares during the last quarter. Norges Bank purchased a new stake in shares of Fiserv during the fourth quarter valued at $547,079,000. Moneta Group Investment Advisors LLC boosted its position in shares of Fiserv by 135,763.7% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,588,117 shares of the business services provider’s stock valued at $463,721,000 after buying an additional 4,584,740 shares during the last quarter. Finally, Nordea Investment Management AB bought a new position in Fiserv in the fourth quarter valued at about $351,525,000. 90.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Fiserv

In related news, COO Guy Chiarello sold 63,646 shares of the company’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 sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,209,646. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 18.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FI. Jefferies Financial Group raised their price objective on Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a research note on Monday. BNP Paribas raised Fiserv from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 10th. BMO Capital Markets lifted their target price on Fiserv from $152.00 to $157.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. KeyCorp raised Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 target price on the stock in a research note on Monday, January 8th. Finally, Truist Financial raised their price target on Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, February 7th. Seven investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.83.

Fiserv Stock Down 0.0 %

Fiserv stock traded down $0.05 during midday trading on Thursday, reaching $159.28. The company’s stock had a trading volume of 312,142 shares, compared to its average volume of 2,554,755. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.91. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73. The company has a market cap of $94.04 billion, a P/E ratio of 31.87, a P/E/G ratio of 1.30 and a beta of 0.91. The business has a 50-day simple moving average of $147.33 and a 200-day simple moving average of $132.01.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.04. The business had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.68 billion. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.91 EPS. On average, research analysts expect that Fiserv, Inc. will post 8.62 earnings per share for the current fiscal year.

Fiserv Company 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.