U.S. Capital Wealth Advisors LLC Invests $2.13 Million in Fiserv, Inc. (NYSE:FI)

U.S. Capital Wealth Advisors LLC bought a new position in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 16,046 shares of the business services provider’s stock, valued at approximately $2,132,000.

A number of other hedge funds also recently made changes to their positions in FI. Vanguard Group Inc. purchased a new position in shares of Fiserv in the third quarter worth about $5,705,241,000. California Public Employees Retirement System bought a new stake in Fiserv during the 4th quarter valued at $423,780,000. Pittenger & Anderson Inc. purchased a new stake in shares of Fiserv during the fourth quarter worth $400,079,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Fiserv in the fourth quarter worth $422,884,000. Finally, Nordea Investment Management AB purchased a new position in shares of Fiserv in the fourth quarter valued at $351,525,000. 90.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on FI shares. StockNews.com started coverage on Fiserv in a research note on Saturday, February 3rd. They issued a “buy” rating for the company. Truist Financial upped their target price on shares of Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, February 7th. Stephens reissued an “equal weight” rating and issued a $165.00 price target on shares of Fiserv in a report on Wednesday, April 24th. 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. Finally, Oppenheimer upgraded Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 target price for the company in a research report on Thursday, January 11th. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and an average target price of $164.33.

Fiserv Price Performance

Shares of FI traded up $0.05 during midday trading on Friday, reaching $149.22. The stock had a trading volume of 2,942,846 shares, compared to its average volume of 2,577,646. The company’s 50-day moving average is $152.74 and its 200 day moving average is $139.04. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $87.31 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 1.20 and a beta of 0.92.

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

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $149.53, for a total transaction of $3,588,720.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $24,477,911.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 111,575 shares of company stock worth $17,022,387 in the last ninety days. 0.75% of the stock is owned by company insiders.

About Fiserv

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.