343,133 Shares in Fiserv, Inc. (NYSE:FI) Acquired by Nichols & Pratt Advisers LLP MA

Nichols & Pratt Advisers LLP MA purchased a new stake in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 343,133 shares of the business services provider’s stock, valued at approximately $45,582,000. Fiserv accounts for about 3.2% of Nichols & Pratt Advisers LLP MA’s holdings, making the stock its 11th largest holding.

A number of other institutional investors also recently made changes to their positions in the business. Hollencrest Capital Management grew its stake in shares of Fiserv by 75.8% during 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 during the last quarter. West Oak Capital LLC bought a new position in Fiserv in the fourth quarter valued at about $27,000. Halpern Financial Inc. acquired a new stake in shares of Fiserv during the fourth quarter worth $27,000. Fortitude Family Office LLC acquired a new stake in Fiserv in the fourth quarter worth $28,000. Finally, Glass Jacobson Investment Advisors llc bought a new stake in Fiserv during the 4th quarter worth approximately $31,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the firm’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 completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders sold 111,575 shares of company stock valued at $17,022,387. Corporate insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Barclays boosted their price target on shares of Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Truist Financial upped their price target on Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, February 7th. Jefferies Financial Group lifted their target price on shares of Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Monday, March 25th. Morgan Stanley raised their price objective on shares of Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Finally, Royal Bank of Canada boosted their price objective on Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $164.33.

Fiserv Trading Up 0.1 %

FI traded up $0.16 during mid-day trading on Friday, hitting $154.83. The stock had a trading volume of 652,410 shares, compared to its average volume of 2,534,124. 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 firm has a market capitalization of $90.59 billion, a price-to-earnings ratio of 28.93, a price-to-earnings-growth ratio of 1.20 and a beta of 0.92. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $159.99. The stock’s fifty day simple moving average is $153.00 and its 200-day simple moving average is $140.16.

Fiserv (NYSE:FI) last issued its earnings results 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. The firm 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 company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $1.58 earnings per share. As a group, research analysts forecast that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

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.