1,399 Shares in Fiserv, Inc. (NYSE:FI) Acquired by Crewe Advisors LLC

Crewe Advisors LLC acquired a new position in Fiserv, Inc. (NYSE:FI) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,399 shares of the business services provider’s stock, valued at approximately $224,000.

Several other institutional investors and hedge funds have also bought and sold shares of FI. Ossiam lifted its holdings in shares of Fiserv by 23.0% during the 1st quarter. Ossiam now owns 375,787 shares of the business services provider’s stock valued at $60,058,000 after purchasing an additional 70,193 shares during the last quarter. Tiemann Investment Advisors LLC lifted its holdings in shares of Fiserv by 4.6% during the 1st quarter. Tiemann Investment Advisors LLC now owns 3,655 shares of the business services provider’s stock valued at $584,000 after purchasing an additional 160 shares during the last quarter. Pitcairn Co. lifted its holdings in shares of Fiserv by 4.5% during the 1st quarter. Pitcairn Co. now owns 9,831 shares of the business services provider’s stock valued at $1,571,000 after purchasing an additional 425 shares during the last quarter. Puzo Michael J lifted its holdings in shares of Fiserv by 6.2% during the 1st quarter. Puzo Michael J now owns 85,189 shares of the business services provider’s stock valued at $13,615,000 after purchasing an additional 5,003 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in shares of Fiserv by 5.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 527,284 shares of the business services provider’s stock valued at $84,249,000 after purchasing an additional 27,435 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Price Performance

Shares of FI stock traded down $5.15 during mid-day trading on Thursday, hitting $156.01. 5,277,610 shares of the stock were exchanged, compared to its average volume of 2,522,162. The firm has a fifty day moving average of $151.15 and a 200 day moving average of $149.67. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $162.47. The company has a market cap of $91.28 billion, a PE ratio of 29.16, a price-to-earnings-growth ratio of 1.27 and a beta of 0.92.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. The firm had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. Fiserv’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company posted $1.81 EPS. Research analysts anticipate that Fiserv, Inc. will post 8.69 earnings per share for the current year.

Insider Activity at Fiserv

In related news, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Fiserv news, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,350,427.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,800 shares of company stock valued at $7,696,448. 0.75% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. upped their target price on Fiserv from $169.00 to $176.00 and gave the company an “overweight” rating in a research report on Thursday. Wells Fargo & Company upped their target price on Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday. Robert W. Baird upped their target price on Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. TD Cowen upped their target price on Fiserv from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Mizuho upped their target price on Fiserv from $156.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Five analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $170.19.

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.