TIAA Trust National Association Invests $1.82 Million in Fiserv, Inc. (NYSE:FI)

TIAA Trust National Association bought a new position in Fiserv, Inc. (NYSE:FIFree Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 13,688 shares of the business services provider’s stock, valued at approximately $1,818,000.

Several other institutional investors have also recently made changes to their positions in FI. AMI Investment Management Inc. increased its position in Fiserv by 33.6% during the 1st quarter. AMI Investment Management Inc. now owns 27,999 shares of the business services provider’s stock valued at $2,839,000 after buying an additional 7,047 shares in the last quarter. American Century Companies Inc. boosted its stake in Fiserv by 10.4% during the 1st quarter. American Century Companies Inc. now owns 9,227 shares of the business services provider’s stock valued at $936,000 after purchasing an additional 870 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Fiserv by 158.2% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 963 shares of the business services provider’s stock valued at $98,000 after purchasing an additional 590 shares during the last quarter. Prudential PLC purchased a new stake in Fiserv during the 1st quarter valued at $1,095,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in Fiserv during the 1st quarter valued at $357,000. Institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $149.53, for a total value of $3,588,720.00. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,477,911.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

Fiserv Price Performance

NYSE:FI opened at $157.70 on Thursday. 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’s 50-day simple moving average is $149.34 and its two-hundred day simple moving average is $133.33. The stock has a market cap of $93.11 billion, a PE ratio of 31.54, a P/E/G ratio of 1.29 and a beta of 0.91. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99.

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

Analyst Upgrades and Downgrades

Several brokerages have commented on FI. Stephens increased their target price on Fiserv from $140.00 to $150.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Tigress Financial raised their price target on Fiserv from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, December 22nd. Susquehanna raised their price target on Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research note on Monday, March 25th. Royal Bank of Canada raised their price target on Fiserv from $144.00 to $158.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Finally, Robert W. Baird raised their price target on Fiserv from $168.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday. Seven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and a consensus price target of $158.21.

View Our Latest Report on Fiserv

Fiserv Profile

(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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