Washington Trust Advisors Inc. Buys New Shares in Fiserv, Inc. (NYSE:FI)

Washington Trust Advisors Inc. purchased a new stake in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, HoldingsChannel reports. The firm purchased 1,590 shares of the business services provider’s stock, valued at approximately $211,000.

Several other large investors have also recently modified their holdings of FI. Comerica Bank bought a new stake in Fiserv in the second quarter valued at $200,000. West Oak Capital LLC bought a new stake in Fiserv during the 4th quarter valued at about $27,000. Fortitude Family Office LLC purchased a new stake in Fiserv during the 4th quarter valued at $28,000. PCA Investment Advisory Services Inc. bought a new stake in Fiserv in the 2nd quarter worth about $27,000. Finally, Hollencrest Capital Management lifted its position in 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 period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

FI has been the subject of several recent research reports. Royal Bank of Canada boosted their price target on Fiserv from $144.00 to $158.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Barclays upped their target price on Fiserv from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. Morgan Stanley boosted their price objective on Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Oppenheimer upgraded shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 target price on the stock in a research note on Thursday, January 11th. Finally, Truist Financial lifted their price target on shares of Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, February 7th. Seven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and an average price target of $155.83.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 63,646 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was 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 directly owns 163,699 shares in the company, valued at $25,209,646. The transaction was disclosed in a document filed with the SEC, which is available at this link. 18.20% of the stock is currently owned by corporate insiders.

Fiserv Price Performance

Shares of Fiserv stock traded down $0.32 during trading hours on Thursday, reaching $159.01. 1,082,255 shares of the company’s stock were exchanged, compared to its average volume of 2,567,003. The business has a fifty day moving average of $147.33 and a two-hundred day moving average of $132.01. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $93.88 billion, a P/E ratio of 31.81, a price-to-earnings-growth ratio of 1.30 and a beta of 0.91. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $159.99.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.04. The business had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.68 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The business’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the company posted $1.91 EPS. As a group, research analysts predict that Fiserv, Inc. will post 8.62 earnings per share for the current fiscal year.

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.