527,646 Shares in Fiserv, Inc. (NYSE:FI) Purchased by Mountain Pacific Investment Advisers Inc. ID

Mountain Pacific Investment Advisers Inc. ID acquired a new position in Fiserv, Inc. (NYSE:FI - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 527,646 shares of the business services provider's stock, valued at approximately $70,092,000. Fiserv accounts for 4.3% of Mountain Pacific Investment Advisers Inc. ID's investment portfolio, making the stock its 3rd biggest holding. Mountain Pacific Investment Advisers Inc. ID owned 0.09% of Fiserv at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. West Oak Capital LLC acquired a new position in shares of Fiserv in the 4th quarter valued at about $27,000. Halpern Financial Inc. purchased a new stake in shares of Fiserv during the 4th quarter valued at about $27,000. Fortitude Family Office LLC purchased a new stake in shares of Fiserv during the 4th quarter valued at about $28,000. Hollencrest Capital Management raised its holdings in shares of Fiserv by 75.8% during the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider's stock valued at $26,000 after buying an additional 100 shares during the period. Finally, Glass Jacobson Investment Advisors llc purchased a new stake in shares of Fiserv during the 4th quarter valued at about $31,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Susquehanna raised their target price on Fiserv from $175.00 to $180.00 and gave the company a "positive" rating in a report on Monday, March 25th. Mizuho restated a "buy" rating and set a $156.00 price objective on shares of Fiserv in a report on Wednesday, March 27th. Truist Financial lifted their price objective on Fiserv from $140.00 to $145.00 and gave the stock a "hold" rating in a report on Wednesday, February 7th. StockNews.com assumed coverage on Fiserv in a report on Saturday, February 3rd. They set a "buy" rating on the stock. Finally, TD Cowen lifted their price objective on Fiserv from $167.00 to $175.00 and gave the stock a "buy" rating in a report on Wednesday. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, Fiserv presently has an average rating of "Moderate Buy" and a consensus target price of $164.33.

Fiserv Price Performance

Shares of FI traded up $2.60 during mid-day trading on Friday, reaching $155.89. The company had a trading volume of 3,193,339 shares, compared to its average volume of 2,565,740. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.04. The company's 50-day moving average is $152.54 and its 200-day moving average is $137.74. The company has a market capitalization of $91.78 billion, a P/E ratio of 29.14, a P/E/G ratio of 1.24 and a beta of 0.91.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping analysts' consensus estimates of $1.77 by $0.11. The business had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. Fiserv's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.58 EPS. On average, equities analysts anticipate that Fiserv, Inc. will post 8.67 EPS for the current year.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total value of $9,801,484.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $25,209,646. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders have sold 111,575 shares of company stock worth $17,022,387. Insiders own 0.75% of the company's stock.

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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