Latitude Advisors LLC Takes Position in Fiserv, Inc. (NYSE:FI)

Latitude Advisors LLC bought a new position in shares of Fiserv, Inc. (NYSE:FIFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,527 shares of the business services provider’s stock, valued at approximately $203,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Fiserv by 1.6% during the third quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock worth $5,705,241,000 after acquiring an additional 789,232 shares in the last quarter. State Street Corp grew its stake in shares of Fiserv by 4.1% in the first quarter. State Street Corp now owns 25,700,156 shares of the business services provider’s stock valued at $2,904,889,000 after buying an additional 1,022,653 shares in the last quarter. Geode Capital Management LLC raised its position in Fiserv by 1.2% during the first quarter. Geode Capital Management LLC now owns 12,421,876 shares of the business services provider’s stock worth $1,400,906,000 after acquiring an additional 149,811 shares in the last quarter. Morgan Stanley increased its stake in shares of Fiserv by 131.3% during the 4th quarter. Morgan Stanley now owns 9,980,646 shares of the business services provider’s stock worth $1,008,744,000 after purchasing an additional 5,666,145 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in shares of Fiserv by 14.1% in the 2nd quarter. Nuveen Asset Management LLC now owns 6,606,698 shares of the business services provider’s stock valued at $833,435,000 after purchasing an additional 817,660 shares during the period. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on FI shares. Robert W. Baird lifted their target price on Fiserv from $168.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Truist Financial upped their price target on shares of Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, February 7th. Stephens increased their target price on Fiserv from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Barclays increased 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, KeyCorp raised shares of Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 target price for the company in a research report on Monday, January 8th. Six investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.21.

View Our Latest Research Report on FI

Fiserv Trading Up 0.5 %

Shares of Fiserv stock opened at $147.13 on Thursday. The firm’s 50 day moving average is $151.65 and its 200 day moving average is $136.03. The firm has a market capitalization of $86.62 billion, a PE ratio of 29.43, a price-to-earnings-growth ratio of 1.20 and a beta of 0.91. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $159.99. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73.

Fiserv (NYSE:FIGet Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.04. The company had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.68 billion. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. Fiserv’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.91 EPS. Equities research analysts forecast that Fiserv, Inc. will post 8.62 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total value of $9,801,484.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,209,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 111,575 shares of company stock valued at $17,022,387. 0.75% of the stock is currently owned by corporate insiders.

Fiserv 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.

Further Reading

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Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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