Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Acquires New Stake in Fiserv, Inc. (NYSE:FI)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in Fiserv, Inc. (NYSE:FI) in the fourth quarter, Holdings Channel reports. The firm acquired 2,980,782 shares of the business services provider’s stock, valued at approximately $422,884,000. Fiserv accounts for 4.2% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings, making the stock its 5th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Apeiron RIA LLC increased its holdings in Fiserv by 2.9% in the third quarter. Apeiron RIA LLC now owns 3,217 shares of the business services provider’s stock valued at $363,000 after purchasing an additional 90 shares during the period. Brighton Jones LLC grew its holdings in Fiserv by 4.0% during the 3rd quarter. Brighton Jones LLC now owns 2,385 shares of the business services provider’s stock worth $269,000 after acquiring an additional 92 shares during the period. Jacobi Capital Management LLC grew its holdings in Fiserv by 0.9% during the 3rd quarter. Jacobi Capital Management LLC now owns 10,099 shares of the business services provider’s stock worth $1,141,000 after acquiring an additional 94 shares during the period. UniSuper Management Pty Ltd grew its holdings in Fiserv by 2.3% during the 3rd quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the business services provider’s stock worth $508,000 after acquiring an additional 100 shares during the period. Finally, 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 worth $26,000 after acquiring an additional 100 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Up 0.1 %

NYSE FI traded up $0.18 during trading hours on Monday, hitting $148.80. The company’s stock had a trading volume of 2,743,240 shares, compared to its average volume of 2,516,318. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99. The company’s 50-day simple moving average is $151.90 and its two-hundred day simple moving average is $136.94. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $87.61 billion, a PE ratio of 29.76, a price-to-earnings-growth ratio of 1.21 and a beta of 0.91.

Fiserv (NYSE:FI) last posted its 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. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The firm had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.68 billion. During the same quarter last year, the firm earned $1.91 EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. Research analysts anticipate that Fiserv, Inc. will post 8.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of Fiserv stock in a transaction that occurred 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 transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 111,575 shares of company stock valued at $17,022,387 in the last 90 days. 0.75% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Barclays increased their price target on Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Royal Bank of Canada increased their price target on Fiserv from $144.00 to $158.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Jefferies Financial Group raised their target price on Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Monday, March 25th. B. Riley raised their target price on Fiserv from $152.00 to $176.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, KeyCorp raised their target price on Fiserv from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Monday. Six research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $157.79.

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.