Soltis Investment Advisors LLC Buys Shares of 2,323 Fiserv, Inc. (NYSE:FI)

Soltis Investment Advisors LLC bought a new stake in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,323 shares of the business services provider’s stock, valued at approximately $309,000.

Other large investors also recently bought and sold shares of the company. Hollencrest Capital Management lifted 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 in the last quarter. West Oak Capital LLC purchased a new stake in shares of Fiserv in the fourth quarter valued at $27,000. Halpern Financial Inc. purchased a new stake in shares of Fiserv in the fourth quarter valued at $27,000. Atlas Capital Advisors LLC lifted its position in shares of Fiserv by 71.9% in the second quarter. Atlas Capital Advisors LLC now owns 306 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 128 shares in the last quarter. Finally, PCA Investment Advisory Services Inc. purchased a new stake in shares of Fiserv in the second quarter valued at $27,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Down 1.0 %

Shares of Fiserv stock opened at $153.78 on Thursday. The business’s fifty day moving average price is $151.06 and its two-hundred day moving average price is $134.79. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $90.54 billion, a P/E ratio of 30.76, a PEG ratio of 1.29 and a beta of 0.91. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $159.99.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.04. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The company had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.68 billion. During the same period last year, the firm earned $1.91 EPS. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, research analysts forecast that Fiserv, Inc. will post 8.62 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Truist Financial increased their target price on Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, February 7th. B. Riley increased their target price on Fiserv from $152.00 to $176.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Royal Bank of Canada increased their target price on Fiserv from $144.00 to $158.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. BMO Capital Markets raised their price objective on Fiserv from $152.00 to $157.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Finally, Oppenheimer upgraded Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price objective for the company in a research note on Thursday, January 11th. Seven research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.21.

Insider Activity

In related news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction on Friday, March 15th. The stock was sold at an average price of $149.53, for a total value of $3,588,720.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $24,477,911.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.

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.