Clear Creek Financial Management LLC Purchases New Holdings in Fiserv, Inc. (NYSE:FI)

Clear Creek Financial Management LLC acquired a new stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,134 shares of the business services provider's stock, valued at approximately $1,575,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in FI. American National Bank & Trust raised its stake in Fiserv by 2.4% in the 1st quarter. American National Bank & Trust now owns 85,838 shares of the business services provider's stock valued at $18,956,000 after acquiring an additional 1,983 shares during the period. Evercore Wealth Management LLC purchased a new stake in Fiserv during the 4th quarter worth about $54,981,000. Fairfield Financial Advisors LTD bought a new position in Fiserv in the 4th quarter worth about $127,000. M&T Bank Corp grew its holdings in Fiserv by 0.9% during the 4th quarter. M&T Bank Corp now owns 141,654 shares of the business services provider's stock valued at $29,099,000 after buying an additional 1,194 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Fiserv in the fourth quarter worth about $1,406,452,000. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Down 0.8%

Fiserv stock traded down $1.34 during mid-day trading on Wednesday, hitting $171.34. The company had a trading volume of 935,005 shares, compared to its average volume of 3,334,050. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.02. Fiserv, Inc. has a 1 year low of $146.46 and a 1 year high of $238.59. The business has a fifty day moving average of $171.79 and a 200 day moving average of $200.06. The stock has a market cap of $94.99 billion, a price-to-earnings ratio of 30.30, a PEG ratio of 1.07 and a beta of 0.91.

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, topping analysts' consensus estimates of $2.08 by $0.06. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.86 billion. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.88 EPS. On average, sell-side analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Adam L. Rosman sold 2,512 shares of the company'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 transaction, the insider owned 53,385 shares of the company's stock, valued at approximately $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the transaction, the executive vice president directly owned 25,385 shares in the company, valued at approximately $4,061,600. This represents a 18.21% decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on FI shares. Redburn Atlantic reissued a "sell" rating and issued a $150.00 price target on shares of Fiserv in a report on Thursday, April 17th. Jefferies Financial Group dropped their price objective on Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a research note on Tuesday, May 27th. Royal Bank Of Canada set a $237.00 target price on Fiserv in a research report on Friday, April 25th. Piper Sandler set a $218.00 price target on Fiserv in a report on Friday, April 25th. Finally, Citigroup cut their price objective on Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Fiserv currently has a consensus rating of "Moderate Buy" and a consensus price target of $221.23.

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.