Summit Trail Advisors LLC Acquires New Stake in Fiserv, Inc. (NYSE:FI)

Summit Trail Advisors LLC bought a new position in shares of Fiserv, Inc. (NYSE:FI) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 9,816 shares of the business services provider’s stock, valued at approximately $1,304,000.

Other large investors have also modified their holdings of the company. Meritage Portfolio Management acquired a new position in shares of Fiserv during the 4th quarter worth approximately $995,000. Piscataqua Savings Bank acquired a new position in Fiserv during the fourth quarter worth $67,000. GHP Investment Advisors Inc. purchased a new stake in Fiserv in the 4th quarter valued at $78,000. Liberty Capital Management Inc. purchased a new position in shares of Fiserv during the 4th quarter worth $7,071,000. Finally, Birch Hill Investment Advisors LLC acquired a new position in shares of Fiserv during the 4th quarter valued at about $84,583,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 23,929 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,847,871.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have sold 111,575 shares of company stock worth $17,022,387. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Up 0.9 %

FI stock traded up $1.37 during trading on Monday, hitting $150.59. 2,132,449 shares of the company’s stock were exchanged, compared to its average volume of 2,567,719. The business has a 50-day moving average price of $152.74 and a two-hundred day moving average price of $139.39. 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 stock has a market capitalization of $88.11 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 1.20 and a beta of 0.92. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $159.99.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter in the prior year, the business posted $1.58 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities research analysts expect that Fiserv, Inc. will post 8.69 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on FI shares. StockNews.com began coverage on shares of Fiserv in a report on Saturday, February 3rd. They issued a “buy” rating on the stock. Robert W. Baird raised their target price on Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Royal Bank of Canada upped their price target on Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Barclays raised their price objective on Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Finally, TD Cowen upped their target price on shares of Fiserv from $167.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $164.33.

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.