Bray Capital Advisors Buys New Shares in Fiserv, Inc. (NYSE:FI)

Bray Capital Advisors purchased a new position in Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,008 shares of the business services provider’s stock, valued at approximately $1,462,000.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. purchased a new stake in shares of Fiserv in the 3rd quarter worth about $5,705,241,000. Morgan Stanley lifted its position in shares of Fiserv by 131.3% in the 4th 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 period. Norges Bank purchased a new stake in shares of Fiserv in the 4th quarter worth about $547,079,000. Moneta Group Investment Advisors LLC lifted its position in shares of Fiserv by 135,763.7% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,588,117 shares of the business services provider’s stock worth $463,721,000 after purchasing an additional 4,584,740 shares during the period. Finally, Nordea Investment Management AB purchased a new stake in shares of Fiserv in the 4th quarter worth about $351,525,000. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. B. Riley lifted their price target on shares of Fiserv from $152.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. BNP Paribas raised shares of Fiserv from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 10th. Oppenheimer raised shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 target price for the company in a report on Thursday, January 11th. 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 report on Wednesday, February 7th. Finally, 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 report on Wednesday, February 7th. Six research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $158.21.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated 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 transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $24,477,911.47. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 18.20% of the stock is owned by company insiders.

Fiserv Trading Down 1.6 %

NYSE FI opened at $151.20 on Friday. The company’s 50-day moving average price is $151.38 and its 200-day moving average price is $135.31. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. The stock has a market cap of $89.02 billion, a PE ratio of 30.24, a PEG ratio of 1.24 and a beta of 0.91. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $159.99.

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