Kentucky Retirement Systems Insurance Trust Fund Invests $2.84 Million in Fiserv, Inc. (NYSE:FI)

Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Fiserv, Inc. (NYSE:FI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,382 shares of the business services provider's stock, valued at approximately $2,840,000.

Several other large investors have also recently added to or reduced their stakes in the business. West Oak Capital LLC acquired a new stake in Fiserv in the 4th quarter valued at $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 acquired a new position in Fiserv during the 4th quarter worth approximately $28,000. Private Wealth Management Group LLC purchased a new position in Fiserv in the 4th quarter worth approximately $30,000. Finally, Hollencrest Capital Management grew its position in Fiserv by 75.8% in the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider's stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Guy Chiarello sold 24,000 shares of the company's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $149.53, for a total value of $3,588,720.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company's stock, valued at $24,477,911.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have sold 111,575 shares of company stock valued at $17,022,387. Company insiders own 0.75% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Susquehanna upped their price objective on shares of Fiserv from $175.00 to $180.00 and gave the company a "positive" rating in a research report on Monday, March 25th. StockNews.com started coverage on Fiserv in a report on Saturday, February 3rd. They set a "buy" rating on the stock. TD Cowen raised their price target on shares of Fiserv from $167.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, April 24th. Stephens reaffirmed an "equal weight" rating and issued a $165.00 price target on shares of Fiserv in a report on Wednesday, April 24th. Finally, Evercore ISI reissued an "outperform" rating and set a $185.00 price objective on shares of Fiserv in a report on Tuesday, March 26th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $164.33.

Fiserv Stock Performance

NYSE FI traded down $0.13 on Friday, hitting $152.71. The stock had a trading volume of 3,093,991 shares, compared to its average volume of 2,612,067. The company's 50-day moving average is $153.38 and its two-hundred day moving average is $142.04. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99. The stock has a market cap of $89.35 billion, a price-to-earnings ratio of 28.54, a P/E/G ratio of 1.23 and a beta of 0.92. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.11. The business had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The business's revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.58 earnings per share. On average, analysts expect that Fiserv, Inc. will post 8.69 earnings per share 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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