Fiserv, Inc. (NYSE:FI) Shares Acquired by Sora Investors LLC

Sora Investors LLC lifted its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 111.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 95,863 shares of the business services provider's stock after acquiring an additional 50,604 shares during the period. Fiserv accounts for approximately 2.2% of Sora Investors LLC's investment portfolio, making the stock its 15th biggest holding. Sora Investors LLC's holdings in Fiserv were worth $19,692,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FI. Jacobi Capital Management LLC increased its position in Fiserv by 0.4% during the fourth quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider's stock worth $2,281,000 after buying an additional 44 shares during the period. T. Rowe Price Investment Management Inc. increased its position in Fiserv by 1.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider's stock worth $794,000 after buying an additional 44 shares during the period. Parkside Financial Bank & Trust increased its position in Fiserv by 1.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider's stock worth $841,000 after buying an additional 45 shares during the period. Catalina Capital Group LLC increased its position in Fiserv by 2.3% during the fourth quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider's stock worth $444,000 after buying an additional 48 shares during the period. Finally, Mount Yale Investment Advisors LLC increased its position in Fiserv by 1.2% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider's stock worth $848,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 90.98% of the company's stock.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $235.55, for a total value of $10,599,750.00. Following the completion of the transaction, the chief operating officer now directly owns 227,711 shares of the company's stock, valued at $53,637,326.05. The trade was a 16.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.74% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Citigroup cut their price target on Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Stephens boosted their target price on Fiserv from $255.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Wells Fargo & Company boosted their target price on Fiserv from $240.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Morgan Stanley reissued an "overweight" rating and issued a $268.00 target price (up previously from $267.00) on shares of Fiserv in a report on Friday, April 25th. Finally, Piper Sandler set a $218.00 target price on Fiserv in a report on Friday, April 25th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $230.00.

Fiserv Stock Down 16.3%

FI opened at $158.95 on Friday. The business's fifty day moving average is $203.19 and its two-hundred day moving average is $210.49. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The company has a market cap of $88.13 billion, a price-to-earnings ratio of 29.49, a PEG ratio of 1.52 and a beta of 0.97. Fiserv, Inc. has a one year low of $146.25 and a one year high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last posted its earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping analysts' consensus estimates of $2.08 by $0.06. The company 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 17.93% and a net margin of 15.31%. Fiserv's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.88 earnings per share. Analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its board has authorized a share buyback program on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

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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