Cambridge Trust Co. Acquires Shares of 402 Fiserv, Inc. (NYSE:FI)

Cambridge Trust Co. bought a new position in Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 402 shares of the business services provider’s stock, valued at approximately $53,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. acquired a new position in shares of Fiserv in the 3rd quarter worth approximately $5,705,241,000. Morgan Stanley grew its holdings in shares of Fiserv by 131.3% during the fourth 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. Norges Bank acquired a new stake in shares of Fiserv in the fourth quarter valued at $547,079,000. Moneta Group Investment Advisors LLC raised its holdings in shares of Fiserv by 135,763.7% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,588,117 shares of the business services provider’s stock valued at $463,721,000 after buying an additional 4,584,740 shares during the last quarter. Finally, Nordea Investment Management AB acquired a new position in Fiserv during the 4th quarter worth about $351,525,000. Institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the business’s stock in a transaction dated 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 sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders sold 111,575 shares of company stock valued at $17,022,387. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Tigress Financial boosted their target price on shares of Fiserv from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, December 22nd. BNP Paribas upgraded Fiserv from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 10th. Barclays boosted their target price on Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Stephens raised their price target on Fiserv from $140.00 to $150.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Finally, Royal Bank of Canada boosted their price objective on Fiserv from $144.00 to $158.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $158.21.

Fiserv Stock Up 1.2 %

Shares of Fiserv stock opened at $148.63 on Friday. The company has a market capitalization of $87.51 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 1.20 and a beta of 0.91. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 1.04. The business has a 50-day moving average of $151.81 and a two-hundred day moving average of $136.35. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $159.99.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.04. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The business had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.68 billion. During the same period in the prior year, the business earned $1.91 EPS. Fiserv’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, equities analysts predict that Fiserv, Inc. will post 8.63 EPS for the current year.

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.