Simmons Bank Has $687,000 Holdings in Fiserv, Inc. (NYSE:FI)

Simmons Bank lifted its holdings in Fiserv, Inc. (NYSE:FI) by 13.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,111 shares of the business services provider’s stock after acquiring an additional 360 shares during the quarter. Simmons Bank’s holdings in Fiserv were worth $687,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in shares of Fiserv during the fourth quarter worth $1,406,452,000. GAMMA Investing LLC raised its position in shares of Fiserv by 21,681.0% during the first quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider’s stock worth $843,991,000 after acquiring an additional 3,804,358 shares during the last quarter. Kovitz Investment Group Partners LLC raised its position in shares of Fiserv by 343.7% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,806,579 shares of the business services provider’s stock worth $576,527,000 after acquiring an additional 2,174,025 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Fiserv by 65.6% during the fourth quarter. Alliancebernstein L.P. now owns 5,437,246 shares of the business services provider’s stock worth $1,116,919,000 after acquiring an additional 2,153,554 shares during the last quarter. Finally, FMR LLC raised its position in shares of Fiserv by 22.5% during the fourth quarter. FMR LLC now owns 11,568,895 shares of the business services provider’s stock worth $2,376,482,000 after acquiring an additional 2,126,419 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Up 1.8%

Shares of Fiserv stock opened at $175.55 on Friday. Fiserv, Inc. has a 1 year low of $146.46 and a 1 year high of $238.59. The business has a 50-day moving average of $170.83 and a two-hundred day moving average of $199.47. The company has a market capitalization of $97.33 billion, a P/E ratio of 31.02, a price-to-earnings-growth ratio of 1.08 and a beta of 0.91. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.10 and a quick ratio of 1.10.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.06. The company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.88 earnings per share. As a group, equities analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FI. UBS Group dropped their target price on Fiserv from $255.00 to $225.00 and set a “buy” rating for the company in a research report on Wednesday, May 28th. Citigroup dropped their target price on Fiserv from $267.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Morgan Stanley restated an “overweight” rating and set a $268.00 target price (up previously from $267.00) on shares of Fiserv in a research report on Friday, April 25th. Truist Financial began coverage on Fiserv in a research report on Monday, June 2nd. They set a “buy” rating and a $181.00 target price for the company. Finally, Robert W. Baird dropped their target price on Fiserv from $250.00 to $225.00 and set an “outperform” rating for the company in a research report on Wednesday, June 18th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $221.23.

Insider Activity

In other news, insider Adam L. Rosman sold 2,512 shares of the company’s stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the completion of the transaction, the insider directly owned 53,385 shares of the company’s stock, valued at $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of the company’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the transaction, the executive vice president directly owned 25,385 shares of the company’s stock, valued at $4,061,600. This represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.74% of the stock is owned by corporate insiders.

Fiserv 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.