AAFMAA Wealth Management & Trust LLC Makes New Investment in Fiserv, Inc. (NYSE:FI)

AAFMAA Wealth Management & Trust LLC purchased a new position in Fiserv, Inc. (NYSE:FI) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,635 shares of the business services provider’s stock, valued at approximately $1,138,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Meritage Portfolio Management acquired a new position in shares of Fiserv during the 4th quarter worth about $995,000. Norden Group LLC acquired a new position in Fiserv in the 1st quarter valued at approximately $2,359,000. BlueSpruce Investments LP acquired a new position in Fiserv in the 4th quarter valued at approximately $646,368,000. ORG Partners LLC raised its holdings in Fiserv by 3,016.0% in the 2nd quarter. ORG Partners LLC now owns 3,303 shares of the business services provider’s stock valued at $486,000 after acquiring an additional 3,197 shares in the last quarter. Finally, John G Ullman & Associates Inc. acquired a new position in Fiserv in the 4th quarter valued at approximately $5,908,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

FI has been the topic of several analyst reports. Mizuho upped their price objective on Fiserv from $156.00 to $168.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Citigroup upgraded Fiserv to a “strong-buy” rating in a research note on Thursday, July 25th. KeyCorp upped their price objective on Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. BMO Capital Markets upped their price objective on Fiserv from $168.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, Royal Bank of Canada upped their price objective on Fiserv from $180.00 to $183.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Five analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $172.29.

Fiserv Trading Up 0.4 %

Fiserv stock traded up $0.59 during mid-day trading on Monday, hitting $167.91. 1,367,440 shares of the company’s stock were exchanged, compared to its average volume of 2,509,706. The company’s 50 day simple moving average is $155.08 and its 200-day simple moving average is $152.52. The firm has a market capitalization of $98.24 billion, a P/E ratio of 31.39, a PEG ratio of 1.31 and a beta of 0.92. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $168.41.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The firm had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The company’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.81 EPS. On average, equities analysts anticipate that Fiserv, Inc. will post 8.73 earnings per share for the current year.

Insider Activity

In related news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $24,304,390.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP John Gibbons sold 2,800 shares of Fiserv stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the completion of the sale, the executive vice president now directly owns 28,323 shares in the company, valued at $4,213,329.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,304,390.53. The disclosure for this sale can be found here. Insiders sold 74,800 shares of company stock worth $11,655,728 in the last quarter. Corporate insiders own 0.75% of the company’s stock.

Fiserv 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.