Truist Financial Corp bought a new position in Fiserv, Inc. (NYSE:FI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 311,555 shares of the business services provider's stock, valued at approximately $41,387,000. Truist Financial Corp owned approximately 0.05% of Fiserv at the end of the most recent quarter.
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Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hollencrest Capital Management grew its holdings in Fiserv by 75.8% during the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider's stock valued at $26,000 after buying an additional 100 shares in the last quarter. West Oak Capital LLC purchased a new stake in Fiserv during the 4th quarter valued at approximately $27,000. Halpern Financial Inc. purchased a new stake in Fiserv during the 4th quarter valued at approximately $27,000. Fortitude Family Office LLC purchased a new stake in Fiserv during the 4th quarter valued at approximately $28,000. Finally, Glass Jacobson Investment Advisors llc purchased a new stake in Fiserv during the 4th quarter valued at approximately $31,000. 90.98% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, COO Guy Chiarello sold 63,646 shares of the company's stock in a transaction dated 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 transaction, the chief operating officer now owns 163,699 shares in the company, valued at $25,209,646. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 111,575 shares of company stock worth $17,022,387 over the last 90 days. 0.75% of the stock is currently owned by corporate insiders.
Fiserv Stock Performance
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Shares of Fiserv stock opened at $155.89 on Monday. The company has a market capitalization of $91.21 billion, a PE ratio of 29.14, a P/E/G ratio of 1.26 and a beta of 0.91. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50-day simple moving average of $152.54 and a two-hundred day simple moving average of $138.07. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99.
Fiserv (NYSE:FI - Get Free Report) last announced its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping analysts' consensus estimates of $1.77 by $0.11. The business had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The firm's revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.58 earnings per share. Research analysts expect that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.
Wall Street Analyst Weigh In
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Several equities research analysts recently weighed in on FI shares. Royal Bank of Canada boosted their price target on shares of Fiserv from $158.00 to $180.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 24th. Morgan Stanley lifted their price objective on shares of Fiserv from $133.00 to $142.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 7th. BMO Capital Markets lifted their price objective on shares of Fiserv from $163.00 to $168.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 24th. Truist Financial lifted their price objective on shares of Fiserv from $140.00 to $145.00 and gave the stock a "hold" rating in a research note on Wednesday, February 7th. Finally, B. Riley lifted their price objective on shares of Fiserv from $176.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, April 24th. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, Fiserv has an average rating of "Moderate Buy" and an average target price of $164.33.
Check Out Our Latest Analysis on Fiserv
Fiserv Company Profile
(Free Report)
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.
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Want to see what other hedge funds are holding FI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv, Inc. (NYSE:FI - Free Report).
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