PGGM Investments Invests $6.58 Million in Fiserv, Inc. (NYSE:FI)

PGGM Investments bought a new position in shares of Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 49,521 shares of the business services provider’s stock, valued at approximately $6,578,000.

Other large investors also recently modified their holdings of the company. Hollencrest Capital Management raised 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 purchasing an additional 100 shares during the last quarter. West Oak Capital LLC bought a new position in shares of Fiserv during the fourth quarter worth about $27,000. Halpern Financial Inc. acquired a new stake in Fiserv during the fourth quarter worth approximately $27,000. Fortitude Family Office LLC acquired a new stake in Fiserv during the fourth quarter worth approximately $28,000. Finally, Glass Jacobson Investment Advisors llc acquired a new stake in Fiserv during the fourth quarter worth approximately $31,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on FI. B. Riley lifted their target price on Fiserv from $176.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday. Truist Financial lifted their target price on Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, February 7th. Mizuho reaffirmed a “buy” rating and set a $156.00 target price on shares of Fiserv in a research report on Wednesday, March 27th. BNP Paribas raised Fiserv from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 10th. Finally, Stephens reissued an “equal weight” rating and issued a $165.00 price objective on shares of Fiserv in a research report on Wednesday. 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.33.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 63,646 shares of Fiserv stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,209,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have sold 111,575 shares of company stock worth $17,022,387. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Up 1.7 %

FI stock traded up $2.60 on Friday, reaching $155.89. 3,196,489 shares of the company traded hands, compared to its average volume of 2,315,910. The company has a market cap of $91.21 billion, a P/E ratio of 29.14, a price-to-earnings-growth ratio of 1.26 and a beta of 0.91. The firm has a fifty day simple moving average of $152.54 and a 200-day simple moving average of $137.90. Fiserv, Inc. has a one year low of $109.11 and a one year 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.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping the consensus estimate of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The company had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same quarter in the previous year, the company posted $1.58 earnings per share. Fiserv’s revenue was up 7.4% compared to the same quarter last year. Research analysts anticipate that Fiserv, Inc. will post 8.69 earnings per share for the current year.

About Fiserv

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.