Turtle Creek Wealth Advisors LLC Buys Shares of 593 Fiserv, Inc. (NYSE:FI)

Turtle Creek Wealth Advisors LLC bought a new stake in Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 593 shares of the business services provider’s stock, valued at approximately $79,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Comerica Bank acquired a new stake in shares of Fiserv during the 2nd quarter worth approximately $200,000. West Oak Capital LLC acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $27,000. Halpern Financial Inc. acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $27,000. Fortitude Family Office LLC acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $28,000. Finally, PCA Investment Advisory Services Inc. acquired a new stake in shares of Fiserv during the 2nd quarter worth approximately $27,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FI. Truist Financial lifted their price objective on Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, February 7th. Robert W. Baird boosted their price target on Fiserv from $168.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Barclays boosted their price target on Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Evercore ISI reaffirmed an “outperform” rating and issued a $185.00 price target on shares of Fiserv in a research note on Tuesday, March 26th. Finally, StockNews.com assumed coverage on Fiserv in a research note on Saturday, February 3rd. They issued a “buy” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.21.

Fiserv Trading Down 1.0 %

FI stock opened at $153.78 on Thursday. The company has a market cap of $90.54 billion, a P/E ratio of 30.76, a PEG ratio of 1.29 and a beta of 0.91. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73. The business has a fifty day moving average of $151.06 and a 200-day moving average of $134.79.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.04. The company had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.68 billion. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.91 earnings per share. As a group, equities research analysts expect that Fiserv, Inc. will post 8.62 EPS for the current year.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction dated 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 sale, the chief operating officer now owns 163,699 shares in the company, valued at $25,209,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently 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.