Riverview Trust Co Takes Position in Fiserv, Inc. (NYSE:FI)

Riverview Trust Co acquired a new stake in Fiserv, Inc. (NYSE:FIFree Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 980 shares of the business services provider’s stock, valued at approximately $157,000.

Several other hedge funds have also modified their holdings of the stock. Acadian Asset Management LLC raised its stake in Fiserv by 88.6% in the third quarter. Acadian Asset Management LLC now owns 25,686 shares of the business services provider’s stock valued at $2,899,000 after buying an additional 12,066 shares in the last quarter. LPL Financial LLC boosted its holdings in Fiserv by 4.0% in the 3rd quarter. LPL Financial LLC now owns 299,188 shares of the business services provider’s stock valued at $33,796,000 after purchasing an additional 11,612 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Fiserv by 67.3% in the 3rd quarter. Federated Hermes Inc. now owns 8,173 shares of the business services provider’s stock valued at $923,000 after purchasing an additional 3,288 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Fiserv by 69.0% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 16,532 shares of the business services provider’s stock worth $1,867,000 after acquiring an additional 6,750 shares in the last quarter. Finally, Hollencrest Capital Management boosted its stake in shares of Fiserv by 75.8% during the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after acquiring an additional 100 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Down 0.7 %

Shares of FI stock traded down $1.09 during trading hours on Tuesday, hitting $149.18. 685,894 shares of the company were exchanged, compared to its average volume of 2,489,200. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99. The business’s 50-day simple moving average is $150.66 and its two-hundred day simple moving average is $146.75. The stock has a market capitalization of $87.29 billion, a price-to-earnings ratio of 28.09, a P/E/G ratio of 1.21 and a beta of 0.93.

Fiserv (NYSE:FIGet Free Report) last issued its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The firm had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter last year, the company posted $1.58 earnings per share. Fiserv’s revenue was up 7.4% on a year-over-year basis. Sell-side analysts predict that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

Analyst Ratings Changes

FI has been the topic of several research analyst reports. TD Cowen boosted their price target on Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. UBS Group boosted their price target on Fiserv from $170.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Wells Fargo & Company began coverage on Fiserv in a research note on Wednesday, June 12th. They issued an “overweight” rating and a $180.00 target price on the stock. Citigroup upped their target price on Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Finally, Mizuho upped their target price on Fiserv from $156.00 to $168.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Seven research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $165.44.

Check Out Our Latest Analysis on FI

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $148.47, for a total value of $3,563,280.00. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at $24,304,390.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $148.47, for a total value of $3,563,280.00. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at $24,304,390.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $416,528.00. Following the completion of the sale, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,213,329.48. The disclosure for this sale can be found here. Insiders have sold 50,729 shares of company stock valued at $7,611,991 over the last quarter. Insiders own 0.75% of the company’s stock.

About Fiserv

(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.

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Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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