Richwood Investment Advisors LLC Takes $223,000 Position in Fiserv, Inc. (NYSE:FI)

Richwood Investment Advisors LLC acquired a new stake in Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,675 shares of the business services provider’s stock, valued at approximately $223,000.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Fiserv by 1.6% in the third quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock valued at $5,705,241,000 after acquiring an additional 789,232 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in shares of Fiserv during the fourth quarter worth $960,592,000. Norges Bank acquired a new stake in shares of Fiserv during the fourth quarter worth $874,377,000. Northern Trust Corp lifted its holdings in shares of Fiserv by 2.7% during the third quarter. Northern Trust Corp now owns 6,416,853 shares of the business services provider’s stock worth $724,848,000 after purchasing an additional 168,286 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Fiserv by 5.2% during the third quarter. Invesco Ltd. now owns 5,207,615 shares of the business services provider’s stock worth $588,252,000 after purchasing an additional 258,036 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FI has been the subject of several recent research reports. Robert W. Baird increased their price target on Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Evercore ISI reaffirmed an “outperform” rating and set a $185.00 price target on shares of Fiserv in a report on Tuesday, March 26th. TD Cowen increased their price objective on Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. StockNews.com began coverage on Fiserv in a research report on Saturday, February 3rd. They issued a “buy” rating for the company. Finally, Royal Bank of Canada increased their price objective on Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and nineteen have issued 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 $164.83.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the firm’s stock in a transaction dated 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 directly owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold a total of 111,575 shares of company stock valued at $17,022,387 over the last quarter. Insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Shares of FI traded down $0.20 during trading hours on Wednesday, reaching $152.57. 1,445,996 shares of the company traded hands, compared to its average volume of 2,516,423. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $89.27 billion, a PE ratio of 28.56, a price-to-earnings-growth ratio of 1.22 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 stock has a fifty day simple moving average of $153.46 and a 200 day simple moving average of $142.70.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating 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 return on equity of 15.73% and a net margin of 16.68%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.58 earnings per share. As a group, research analysts predict that Fiserv, Inc. will post 8.69 EPS 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.