Parkside Financial Bank & Trust Acquires Shares of 3,662 Fiserv, Inc. (NYSE:FI)

Parkside Financial Bank & Trust acquired a new stake in Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,662 shares of the business services provider’s stock, valued at approximately $486,000.

A number of other institutional investors have also recently bought and sold shares of FI. Apeiron RIA LLC lifted its position in shares of Fiserv by 2.9% during the third quarter. Apeiron RIA LLC now owns 3,217 shares of the business services provider’s stock valued at $363,000 after purchasing an additional 90 shares in the last quarter. Brighton Jones LLC increased its holdings in Fiserv by 4.0% during the third quarter. Brighton Jones LLC now owns 2,385 shares of the business services provider’s stock worth $269,000 after buying an additional 92 shares during the last quarter. Jacobi Capital Management LLC increased its holdings in Fiserv by 0.9% during the third quarter. Jacobi Capital Management LLC now owns 10,099 shares of the business services provider’s stock worth $1,141,000 after buying an additional 94 shares during the last quarter. UniSuper Management Pty Ltd increased its holdings in Fiserv by 2.3% during the third quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the business services provider’s stock worth $508,000 after buying an additional 100 shares during the last quarter. Finally, Hollencrest Capital Management increased its holdings in Fiserv by 75.8% during the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after buying an additional 100 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FI. Jefferies Financial Group raised their price objective on shares of Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a report on Monday, March 25th. 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. Truist Financial lifted their target price on shares of Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, February 7th. Evercore ISI reiterated an “outperform” rating and issued a $185.00 target price on shares of Fiserv in a research note on Tuesday, March 26th. Finally, Stephens lifted their target price on shares of Fiserv from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Six research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $157.79.

Fiserv Price Performance

NYSE:FI traded up $6.67 during midday trading on Tuesday, hitting $155.47. The company had a trading volume of 3,400,253 shares, compared to its average volume of 2,525,622. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $159.99. The stock’s fifty day moving average price is $151.90 and its 200-day moving average price is $136.94. The company has a market capitalization of $91.53 billion, a PE ratio of 29.76, a P/E/G ratio of 1.21 and a beta of 0.91. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73.

Fiserv (NYSE:FI) last posted 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 $1.79 by $0.09. The business had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.58 earnings per share. As a group, research analysts expect that Fiserv, Inc. will post 8.63 earnings per share for the current year.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were 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 directly owns 163,699 shares of the company’s stock, valued at $25,209,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 111,575 shares of company stock valued at $17,022,387 over the last three months. Insiders own 0.75% of the company’s stock.

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.