Miracle Mile Advisors LLC Purchases 263 Shares of Fiserv, Inc. (NYSE:FI)

Miracle Mile Advisors LLC raised its position in Fiserv, Inc. (NYSE:FI) by 3.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,553 shares of the business services provider’s stock after buying an additional 263 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Fiserv were worth $1,207,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Federated Hermes Inc. lifted its position in shares of Fiserv by 67.3% in the 3rd quarter. Federated Hermes Inc. now owns 8,173 shares of the business services provider’s stock worth $923,000 after purchasing an additional 3,288 shares during the period. Ancora Advisors LLC lifted its position in shares of Fiserv by 2,205.9% during the 3rd quarter. Ancora Advisors LLC now owns 392 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 375 shares during the period. AQR Capital Management LLC lifted its position in shares of Fiserv by 41.8% during the 3rd quarter. AQR Capital Management LLC now owns 404,868 shares of the business services provider’s stock valued at $45,734,000 after acquiring an additional 119,439 shares during the period. Becker Capital Management Inc. lifted its position in shares of Fiserv by 5.2% during the 3rd quarter. Becker Capital Management Inc. now owns 3,407 shares of the business services provider’s stock valued at $385,000 after acquiring an additional 167 shares during the period. Finally, Truist Financial Corp lifted its position in shares of Fiserv by 16.4% during the 3rd quarter. Truist Financial Corp now owns 344,219 shares of the business services provider’s stock valued at $38,883,000 after acquiring an additional 48,605 shares during the period. 90.98% of the stock is owned by institutional investors.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP John Gibbons sold 2,800 shares of Fiserv stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $148.76, for a total value of $416,528.00. Following the completion of the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Guy Chiarello sold 23,929 shares of Fiserv stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $151.79, for a total value of $3,632,182.91. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,729 shares of company stock valued at $7,611,991. 0.75% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FI has been the subject of a number of recent research reports. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Barclays upped their target price on shares of Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Mizuho increased their price target on shares of Fiserv from $156.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Wells Fargo & Company began coverage on shares of Fiserv in a report on Wednesday, June 12th. They set an “overweight” rating and a $180.00 price objective on the stock. Finally, Stephens reaffirmed an “equal weight” rating and set a $165.00 price objective on shares of Fiserv in a report on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $165.44.

Fiserv Trading Down 1.3 %

FI stock traded down $1.90 on Monday, reaching $147.14. The company’s stock had a trading volume of 1,567,311 shares, compared to its average volume of 2,506,612. The business has a fifty day simple moving average of $150.81 and a two-hundred day simple moving average of $147.18. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99. The firm has a market cap of $86.09 billion, a PE ratio of 27.52, a PEG ratio of 1.20 and a beta of 0.92. 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 (NYSE:FI) last announced 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. 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 last year, the firm posted $1.58 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. As a group, research analysts forecast that Fiserv, Inc. will post 8.69 EPS 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.