Cornell Pochily Investment Advisors Inc. Acquires Shares of 2,678 Fiserv, Inc. (NYSE:FI)

Cornell Pochily Investment Advisors Inc. bought a new stake in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,678 shares of the business services provider’s stock, valued at approximately $356,000.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Fiserv by 1.6% during 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 buying an additional 789,232 shares during the last quarter. State Street Corp grew its stake in Fiserv by 4.1% in the first quarter. State Street Corp now owns 25,700,156 shares of the business services provider’s stock worth $2,904,889,000 after purchasing an additional 1,022,653 shares in the last quarter. Geode Capital Management LLC grew its stake in Fiserv by 1.2% in the first quarter. Geode Capital Management LLC now owns 12,421,876 shares of the business services provider’s stock worth $1,400,906,000 after purchasing an additional 149,811 shares in the last quarter. Morgan Stanley lifted its holdings in Fiserv by 131.3% during the fourth quarter. Morgan Stanley now owns 9,980,646 shares of the business services provider’s stock worth $1,008,744,000 after buying an additional 5,666,145 shares during the period. Finally, BlueSpruce Investments LP lifted its holdings in Fiserv by 6.7% during the second quarter. BlueSpruce Investments LP now owns 7,419,797 shares of the business services provider’s stock worth $936,007,000 after buying an additional 465,468 shares during the period. Institutional investors own 90.98% of the company’s stock.

Insiders Place Their Bets

In related news, COO Guy Chiarello sold 63,646 shares of the business’s stock in a transaction 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 in the company, valued at $25,209,646. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 18.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on FI. Barclays increased their price objective on Fiserv from $150.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, February 12th. Tigress Financial increased their price target on Fiserv from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, December 22nd. Royal Bank of Canada raised their target price on Fiserv from $144.00 to $158.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. KeyCorp upgraded Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 price objective on the stock in a report on Monday, January 8th. Finally, Stephens raised their target price on shares of Fiserv from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Seven equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $155.83.

Fiserv Trading Down 0.0 %

Fiserv stock traded down $0.05 during trading on Thursday, hitting $159.28. The company had a trading volume of 312,142 shares, compared to its average volume of 2,554,755. The company’s 50 day simple moving average is $147.33 and its 200-day simple moving average is $132.01. The stock has a market cap of $94.04 billion, a price-to-earnings ratio of 31.87, a price-to-earnings-growth ratio of 1.30 and a beta of 0.91. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $159.91.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 EPS for the quarter, topping the consensus estimate of $2.15 by $0.04. The business had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.68 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.91 earnings per share. As a group, analysts expect that Fiserv, Inc. will post 8.62 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.