Pathstone Holdings LLC Increases Holdings in Fiserv, Inc. (NYSE:FI)

Pathstone Holdings LLC lifted its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,884 shares of the business services provider's stock after purchasing an additional 1,968 shares during the quarter. Pathstone Holdings LLC's holdings in Fiserv were worth $14,766,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FI. Valley National Advisers Inc. purchased a new stake in Fiserv in the 4th quarter valued at $29,000. Marshall Investment Management LLC purchased a new stake in Fiserv in the 4th quarter valued at $29,000. Compass Financial Services Inc purchased a new stake in Fiserv in the 4th quarter valued at $31,000. Campbell Capital Management Inc. purchased a new stake in Fiserv in the 4th quarter valued at $37,000. Finally, Quarry LP raised its position in Fiserv by 51.9% in the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after buying an additional 70 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FI. Royal Bank of Canada set a $237.00 target price on Fiserv in a research report on Friday, April 25th. Susquehanna decreased their target price on Fiserv from $250.00 to $240.00 and set a "positive" rating for the company in a research report on Friday, April 25th. Piper Sandler set a $218.00 target price on Fiserv in a research report on Friday, April 25th. Keefe, Bruyette & Woods decreased their target price on Fiserv from $260.00 to $240.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Finally, Stephens raised their target price on Fiserv from $255.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Fiserv has an average rating of "Moderate Buy" and a consensus price target of $230.00.

Fiserv Price Performance

NYSE FI traded up $7.50 during trading hours on Friday, hitting $166.63. The company had a trading volume of 11,450,947 shares, compared to its average volume of 2,986,383. Fiserv, Inc. has a 52 week low of $146.25 and a 52 week high of $238.59. The firm has a 50 day simple moving average of $202.24 and a 200 day simple moving average of $210.33. 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 firm has a market capitalization of $92.38 billion, a price-to-earnings ratio of 30.91, a PEG ratio of 1.52 and a beta of 0.97.

Fiserv (NYSE:FI - Get Free Report) last issued 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 return on equity of 17.93% and a net margin of 15.31%. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter last year, the company earned $1.88 EPS. The firm's revenue was up 5.1% compared to the same quarter last year. Equities research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its Board of Directors has initiated a share buyback plan on Thursday, February 20th that allows the company to buyback 60,000,000 shares. This buyback authorization allows the business services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Insider Activity

In other news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the completion of the sale, the chief operating officer now owns 227,711 shares in the company, valued at approximately $53,637,326.05. This trade represents a 16.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.74% of the company's stock.

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.