Victory Capital Management Inc. Takes $48.59 Million Position in Fiserv, Inc. (NYSE:FI)

Victory Capital Management Inc. acquired a new stake in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 365,737 shares of the business services provider’s stock, valued at approximately $48,585,000. Victory Capital Management Inc. owned about 0.06% of Fiserv as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FI. Berry Wealth Group LP purchased a new stake in Fiserv in the 4th quarter worth about $352,000. Cannell & Co. bought a new position in shares of Fiserv in the fourth quarter worth about $468,000. Cary Street Partners Asset Management LLC bought a new stake in Fiserv during the 4th quarter valued at about $3,113,000. Brooktree Capital Management purchased a new stake in Fiserv in the 4th quarter valued at about $6,757,000. Finally, Hexagon Capital Partners LLC bought a new position in Fiserv in the 4th quarter worth about $45,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $149.53, for a total transaction of $3,588,720.00. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,477,911.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is owned by corporate insiders.

Fiserv Stock Up 0.0 %

NYSE:FI opened at $149.22 on Monday. The firm has a market capitalization of $87.31 billion, a P/E ratio of 27.89, a PEG ratio of 1.20 and a beta of 0.92. The company’s fifty day moving average price is $152.74 and its 200-day moving average price is $139.39. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $159.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.11. The company had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the firm earned $1.58 EPS. As a group, equities research analysts anticipate that Fiserv, Inc. will post 8.69 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on FI shares. Citigroup boosted their price target on Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Stephens reissued an “equal weight” rating and set a $165.00 price target on shares of Fiserv in a research report on Wednesday, April 24th. Mizuho reiterated a “buy” rating and set a $156.00 price objective on shares of Fiserv in a research note on Wednesday, March 27th. Oppenheimer upgraded shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 target price for the company in a research note on Thursday, January 11th. Finally, Truist Financial upped their price target on Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, February 7th. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.