3Chopt Investment Partners LLC Invests $512,000 in Fiserv, Inc. (NYSE:FI)

3Chopt Investment Partners LLC bought a new stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,319 shares of the business services provider's stock, valued at approximately $512,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vega Investment Solutions acquired a new stake in shares of Fiserv during the fourth quarter worth $25,000. Park Square Financial Group LLC purchased a new position in shares of Fiserv during the fourth quarter worth $28,000. Campbell Capital Management Inc. purchased a new position in shares of Fiserv during the fourth quarter worth $37,000. Quarry LP raised its holdings in shares of Fiserv by 51.9% during the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock worth $42,000 after purchasing an additional 70 shares during the last quarter. Finally, Knuff & Co LLC purchased a new position in Fiserv in the fourth quarter valued at $45,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Insider Activity

In other news, EVP Andrew Gelb sold 5,652 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total value of $904,320.00. Following the sale, the executive vice president now directly owns 25,385 shares of the company's stock, valued at approximately $4,061,600. The trade was a 18.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total transaction of $403,628.16. Following the completion of the sale, the insider now directly owns 53,385 shares in the company, valued at $8,577,901.80. This trade represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.74% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on FI shares. Robert W. Baird cut their price objective on shares of Fiserv from $250.00 to $225.00 and set an "outperform" rating for the company in a report on Wednesday, June 18th. Monness Crespi & Hardt lowered shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 target price on the stock. in a research report on Wednesday, April 9th. Barclays dropped their target price on shares of Fiserv from $265.00 to $230.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Royal Bank Of Canada set a $237.00 target price on shares of Fiserv in a research report on Friday, April 25th. Finally, Truist Financial initiated coverage on shares of Fiserv in a research report on Monday, June 2nd. They issued a "buy" rating and a $181.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Fiserv currently has a consensus rating of "Moderate Buy" and an average price target of $221.23.

Fiserv Stock Performance

NYSE:FI opened at $172.47 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market capitalization of $95.62 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 1.07 and a beta of 0.90. The company's 50-day moving average is $173.34 and its two-hundred day moving average is $200.51. Fiserv, Inc. has a 1-year low of $146.46 and a 1-year high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.08 by $0.06. The business had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.86 billion. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The business's revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.88 EPS. Analysts forecast that Fiserv, Inc. will post 10.23 EPS 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.

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