Wealthfront Advisers LLC Has $12.41 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Wealthfront Advisers LLC raised its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 22.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,189 shares of the business services provider's stock after acquiring an additional 10,133 shares during the period. Wealthfront Advisers LLC's holdings in Fiserv were worth $12,408,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FI. Vega Investment Solutions purchased a new stake in Fiserv in the fourth quarter valued at $25,000. Park Square Financial Group LLC acquired a new stake in Fiserv during the fourth quarter worth about $28,000. Abound Financial LLC acquired a new stake in Fiserv during the first quarter worth about $38,000. Quarry LP lifted its holdings in Fiserv by 51.9% in the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after acquiring an additional 70 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new position in Fiserv in the fourth quarter valued at approximately $54,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Up 1.1%

Shares of FI traded up $1.87 during trading hours on Thursday, hitting $167.58. 3,139,193 shares of the company were exchanged, compared to its average volume of 3,414,046. The firm's 50 day moving average is $168.40 and its 200-day moving average is $197.37. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.10 and a current ratio of 1.10. Fiserv, Inc. has a 52 week low of $154.17 and a 52 week high of $238.59. The company has a market cap of $92.91 billion, a PE ratio of 29.62, a PEG ratio of 1.00 and a beta of 0.91.

Fiserv (NYSE:FI - Get Free Report) last announced its earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping the consensus estimate of $2.08 by $0.06. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter last year, the firm posted $1.88 EPS. The business's quarterly revenue was up 5.1% on a year-over-year basis. On average, equities research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FI has been the topic of a number of analyst reports. Piper Sandler set a $218.00 price objective on shares of Fiserv in a research note on Friday, April 25th. Monness Crespi & Hardt lowered shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price target on the stock. in a research report on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft began coverage on shares of Fiserv in a research report on Thursday. They issued a "buy" rating and a $200.00 price objective for the company. Susquehanna cut their price target on Fiserv from $250.00 to $240.00 and set a "positive" rating for the company in a research note on Friday, April 25th. Finally, Tigress Financial increased their price target on Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Fiserv has a consensus rating of "Moderate Buy" and an average target price of $220.59.

Insider Activity

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

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.