Peterson Wealth Services Acquires New Holdings in Fiserv, Inc. (NYSE:FI)

Peterson Wealth Services acquired a new stake in shares of Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,418 shares of the business services provider’s stock, valued at approximately $321,000.

Other institutional investors have also recently bought and sold shares of the company. First Manhattan Co. lifted its stake in Fiserv by 4.6% in the fourth quarter. First Manhattan Co. now owns 1,966 shares of the business services provider’s stock valued at $199,000 after buying an additional 86 shares in the last quarter. Apeiron RIA LLC lifted its stake in Fiserv by 2.9% in the third quarter. Apeiron RIA LLC now owns 3,217 shares of the business services provider’s stock valued at $363,000 after buying an additional 90 shares in the last quarter. Holderness Investments Co. lifted its stake in Fiserv by 4.1% in the second quarter. Holderness Investments Co. now owns 2,295 shares of the business services provider’s stock valued at $290,000 after buying an additional 90 shares in the last quarter. Brighton Jones LLC lifted its stake in Fiserv by 4.0% in the third quarter. Brighton Jones LLC now owns 2,385 shares of the business services provider’s stock valued at $269,000 after buying an additional 92 shares in the last quarter. Finally, Jacobi Capital Management LLC lifted its stake in Fiserv by 0.9% in the third quarter. Jacobi Capital Management LLC now owns 10,099 shares of the business services provider’s stock valued at $1,141,000 after buying an additional 94 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

FI has been the topic of a number of research reports. Oppenheimer raised shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price objective on the stock in a research report on Thursday, January 11th. Tigress Financial boosted their price objective on shares of Fiserv from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, December 22nd. KeyCorp upgraded shares of Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 target price on the stock in a report on Monday, January 8th. B. Riley boosted their target price on shares of Fiserv from $152.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Finally, Robert W. Baird boosted their target price on shares of Fiserv from $168.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and an average target price of $158.21.

Fiserv Stock Performance

Shares of FI stock traded up $0.62 on Thursday, hitting $147.72. The company’s stock had a trading volume of 326,669 shares, compared to its average volume of 2,490,151. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.04. The stock’s 50 day moving average is $151.65 and its 200-day moving average is $136.03. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The company has a market capitalization of $86.97 billion, a PE ratio of 29.43, a PEG ratio of 1.20 and a beta of 0.91.

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

Insider Buying and Selling

In related news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 111,575 shares of company stock valued at $17,022,387 over the last quarter. 0.75% of the stock is owned by company insiders.

About Fiserv

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.