ICW Investment Advisors LLC Buys New Position in Fiserv, Inc. (NYSE:FI)

ICW Investment Advisors LLC bought a new stake in shares of Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 9,809 shares of the business services provider’s stock, valued at approximately $1,303,000.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC grew its holdings in shares of Fiserv by 4.0% in the 3rd quarter. Brighton Jones LLC now owns 2,385 shares of the business services provider’s stock worth $269,000 after acquiring an additional 92 shares during the last quarter. Jacobi Capital Management LLC grew its holdings in shares of Fiserv by 0.9% during the 3rd quarter. Jacobi Capital Management LLC now owns 10,099 shares of the business services provider’s stock valued at $1,141,000 after acquiring an additional 94 shares in the last quarter. UniSuper Management Pty Ltd increased its stake in shares of Fiserv by 2.3% in the third quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the business services provider’s stock worth $508,000 after acquiring an additional 100 shares during the last quarter. Hollencrest Capital Management grew its stake in Fiserv by 75.8% in the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. raised its position in shares of Fiserv by 2.5% in the third quarter. Argonautica Private Wealth Management Inc. now owns 4,128 shares of the business services provider’s stock valued at $466,000 after purchasing an additional 101 shares during the period. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 23,929 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $151.79, for a total value of $3,632,182.91. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 111,575 shares of company stock valued at $17,022,387 over the last 90 days. 0.75% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on FI. Truist Financial lifted their price target on shares of Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, February 7th. Barclays lifted their price target on shares of Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Robert W. Baird lifted their price target on shares of Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. BMO Capital Markets lifted their price target on shares of Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Finally, Susquehanna lifted their price target on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research report on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.33.

Fiserv Stock Down 1.5 %

FI traded down $2.22 during trading on Wednesday, reaching $150.45. The company had a trading volume of 1,128,452 shares, compared to its average volume of 2,541,759. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick 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 fifty day moving average price is $152.76 and its 200 day moving average price is $138.65. The company has a market cap of $88.03 billion, a P/E ratio of 28.54, a PEG ratio of 1.24 and a beta of 0.91.

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