Santori & Peters Inc. Purchases Shares of 3,794 Fiserv, Inc. (NYSE:FI)

Santori & Peters Inc. acquired a new stake in Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,794 shares of the business services provider’s stock, valued at approximately $504,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hollencrest Capital Management grew its holdings in shares of Fiserv by 75.8% during the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after acquiring an additional 100 shares during the period. West Oak Capital LLC bought a new position in Fiserv in the fourth quarter worth $27,000. Halpern Financial Inc. purchased a new position in Fiserv during the fourth quarter valued at $27,000. Fortitude Family Office LLC bought a new stake in shares of Fiserv during the 4th quarter valued at $28,000. Finally, Glass Jacobson Investment Advisors llc purchased a new stake in shares of Fiserv in the 4th quarter worth about $31,000. 90.98% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, COO Guy Chiarello sold 23,929 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $151.79, for a total value of $3,632,182.91. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 111,575 shares of company stock worth $17,022,387 over the last quarter. Company insiders own 0.75% of the company’s stock.

Fiserv Price Performance

FI stock traded down $1.57 during trading on Monday, hitting $154.32. 1,940,773 shares of the company’s stock traded hands, compared to its average volume of 2,558,118. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99. The stock has a market capitalization of $90.29 billion, a price-to-earnings ratio of 29.14, a P/E/G ratio of 1.26 and a beta of 0.91. The business has a fifty day simple moving average of $152.54 and a 200 day simple moving average of $138.07. 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 issued its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The business had revenue of $4.88 billion for 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 company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.58 earnings per share. As a group, research analysts expect that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FI. StockNews.com began coverage on Fiserv in a research note on Saturday, February 3rd. They issued a “buy” rating on the stock. Truist Financial raised their price target on Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, February 7th. TD Cowen upped their price target on shares of Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. B. Riley raised their price objective on shares of Fiserv from $176.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Finally, KeyCorp lifted their target price on shares of Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $164.33.

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.