Trinity Financial Advisors LLC Purchases Shares of 19,376 Fiserv, Inc. (NYSE:FI)

Trinity Financial Advisors LLC bought a new stake in Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 19,376 shares of the business services provider’s stock, valued at approximately $2,574,000. Fiserv comprises 1.3% of Trinity Financial Advisors LLC’s portfolio, making the stock its 17th biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hollencrest Capital Management increased its position in shares of 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 during the last quarter. West Oak Capital LLC acquired a new stake in shares of Fiserv in the fourth quarter valued at about $27,000. Halpern Financial Inc. bought a new position in Fiserv during the fourth quarter worth about $27,000. Fortitude Family Office LLC bought a new position in Fiserv during the fourth quarter worth about $28,000. Finally, Glass Jacobson Investment Advisors llc bought a new position in Fiserv during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,209,646. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 111,575 shares of company stock worth $17,022,387 over the last three months. Corporate insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FI. StockNews.com began coverage on Fiserv in a report on Saturday, February 3rd. They set a “buy” rating for the company. Citigroup lifted their price target on Fiserv from $171.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Barclays lifted their price target on Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Evercore ISI reiterated an “outperform” rating and set a $185.00 price target on shares of Fiserv in a report on Tuesday, March 26th. Finally, Truist Financial boosted 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. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $164.33.

Fiserv Price Performance

Shares of NYSE FI traded down $2.19 during midday trading on Wednesday, reaching $150.48. The company’s stock had a trading volume of 2,310,892 shares, compared to its average volume of 2,553,243. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The business’s 50 day moving average price is $152.76 and its two-hundred day moving average price is $138.65. The company has a market cap of $88.05 billion, a P/E ratio of 28.54, a P/E/G ratio of 1.24 and a beta of 0.91.

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