Atria Wealth Solutions Inc. Purchases New Position in Fiserv, Inc. (NYSE:FI)

Atria Wealth Solutions Inc. acquired a new position in shares of Fiserv, Inc. (NYSE:FI) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 17,806 shares of the business services provider’s stock, valued at approximately $2,365,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FI. Hollencrest Capital Management boosted its stake in shares of Fiserv by 75.8% in the 3rd 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. West Oak Capital LLC bought a new position in Fiserv in the 4th quarter valued at $27,000. Halpern Financial Inc. purchased a new stake in shares of Fiserv during the 4th quarter valued at $27,000. Fortitude Family Office LLC bought a new stake in shares of Fiserv during the 4th quarter worth $28,000. Finally, Glass Jacobson Investment Advisors llc purchased a new position in shares of Fiserv in the 4th quarter worth about $31,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Down 1.0 %

FI opened at $154.31 on Tuesday. The firm has a market capitalization of $90.29 billion, a P/E ratio of 28.84, a price-to-earnings-growth ratio of 1.26 and a beta of 0.91. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99. The company has a fifty day moving average price of $152.67 and a 200-day moving average price of $138.36. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping the consensus estimate of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The business had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the previous year, the business earned $1.58 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. Equities research analysts expect that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of Fiserv stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,209,646. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 111,575 shares of company stock worth $17,022,387. Insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

FI has been the topic of several research reports. StockNews.com assumed coverage on shares of Fiserv in a research report on Saturday, February 3rd. They issued a “buy” rating on the stock. Robert W. Baird lifted their price target on shares of Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Jefferies Financial Group increased their price objective on Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a report on Monday, March 25th. BMO Capital Markets boosted their target price on Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Finally, Truist Financial increased their price target on Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, February 7th. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and an average target price of $164.33.

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.