IAG Wealth Partners LLC Acquires Shares of 305 Fiserv, Inc. (NYSE:FI)

IAG Wealth Partners LLC acquired a new stake in Fiserv, Inc. (NYSE:FI) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 305 shares of the business services provider’s stock, valued at approximately $41,000.

Other institutional investors have also modified their holdings of the company. DAVENPORT & Co LLC boosted its position in Fiserv by 18.0% during the third quarter. DAVENPORT & Co LLC now owns 13,128 shares of the business services provider’s stock worth $1,483,000 after acquiring an additional 2,002 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in Fiserv by 22.3% during the third quarter. Exchange Traded Concepts LLC now owns 10,189 shares of the business services provider’s stock worth $1,151,000 after acquiring an additional 1,859 shares during the last quarter. Private Trust Co. NA boosted its position in Fiserv by 60.4% during the third quarter. Private Trust Co. NA now owns 2,180 shares of the business services provider’s stock worth $246,000 after acquiring an additional 821 shares during the last quarter. UMB Bank n.a. boosted its position in Fiserv by 1.0% during the third quarter. UMB Bank n.a. now owns 15,425 shares of the business services provider’s stock worth $1,742,000 after acquiring an additional 147 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its position in Fiserv by 14.2% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 4,660 shares of the business services provider’s stock worth $526,000 after acquiring an additional 578 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. B. Riley boosted their price target on shares of Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday. BMO Capital Markets boosted their price target on shares of Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a research report on Wednesday. Truist Financial boosted their price target on shares of Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, February 7th. Robert W. Baird boosted their target price on shares of Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, StockNews.com initiated coverage on shares of Fiserv in a report on Saturday, February 3rd. They issued a “buy” rating on the stock. 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 company presently has an average rating of “Moderate Buy” and a consensus target price of $164.33.

Fiserv Stock Up 1.7 %

FI traded up $2.60 during trading hours on Friday, hitting $155.89. 3,196,489 shares of the company’s stock were exchanged, compared to its average volume of 2,315,910. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99. The firm has a 50 day moving average of $152.54 and a 200 day moving average of $137.74. The firm has a market cap of $91.21 billion, a P/E ratio of 29.14, a price-to-earnings-growth ratio of 1.24 and a beta of 0.91. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.81.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping the consensus estimate of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The company had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter in the previous year, the business posted $1.58 EPS. The firm’s revenue was up 7.4% on a year-over-year basis. Analysts predict that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

Insider Activity

In other news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $149.53, for a total value of $3,588,720.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,477,911.47. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders sold 111,575 shares of company stock worth $17,022,387. Corporate insiders own 0.75% of the company’s stock.

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.