Peddock Capital Advisors LLC Invests $3.22 Million in Fiserv, Inc. (NYSE:FI)

Peddock Capital Advisors LLC bought a new position in Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 24,222 shares of the business services provider’s stock, valued at approximately $3,218,000. Fiserv makes up 1.0% of Peddock Capital Advisors LLC’s investment portfolio, making the stock its 21st largest position.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. acquired a new position in Fiserv during the third quarter valued at $5,705,241,000. Charles Schwab Investment Management Inc. acquired a new position in shares of Fiserv in the fourth quarter worth about $450,830,000. California Public Employees Retirement System purchased a new stake in shares of Fiserv during the 4th quarter worth about $423,780,000. Pittenger & Anderson Inc. acquired a new stake in shares of Fiserv during the 4th quarter valued at about $400,079,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in Fiserv in the 4th quarter worth about $422,884,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In related news, COO Guy Chiarello sold 63,646 shares of the stock in a transaction that occurred on 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 transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 111,575 shares of company stock worth $17,022,387 over the last three months. Insiders own 0.75% of the company’s stock.

Fiserv Trading Down 0.0 %

FI traded down $0.02 during trading hours on Wednesday, reaching $153.02. The company’s stock had a trading volume of 903,196 shares, compared to its average volume of 2,541,219. The stock has a market cap of $89.53 billion, a PE ratio of 28.61, a P/E/G ratio of 1.20 and a beta of 0.92. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06. The business’s 50-day moving average is $152.78 and its 200-day moving average is $139.96.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating the consensus estimate 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 return on equity of 15.73% and a net margin of 16.68%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.58 EPS. As a group, equities research analysts predict that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FI. Evercore ISI restated an “outperform” rating and issued a $185.00 price objective on shares of Fiserv in a research report on Tuesday, March 26th. Jefferies Financial Group increased their price objective on shares of Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a report on Monday, March 25th. Truist Financial upped their price target on shares of Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, February 7th. StockNews.com assumed coverage on Fiserv in a report on Saturday, February 3rd. They issued a “buy” rating on the stock. Finally, Royal Bank of Canada increased their target price on Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.33.

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.