Fiserv, Inc. (NYSE:FI) Shares Purchased by Chung Wu Investment Group LLC

Chung Wu Investment Group LLC boosted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 9.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 3,560 shares of the business services provider’s stock after buying an additional 310 shares during the period. Fiserv accounts for 0.9% of Chung Wu Investment Group LLC’s investment portfolio, making the stock its 26th largest holding. Chung Wu Investment Group LLC’s holdings in Fiserv were worth $786,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Vega Investment Solutions purchased a new position in Fiserv in the fourth quarter valued at $25,000. Park Square Financial Group LLC purchased a new position in shares of Fiserv in the 4th quarter valued at about $28,000. Campbell Capital Management Inc. acquired a new position in shares of Fiserv during the fourth quarter worth about $37,000. Quarry LP increased its stake in shares of Fiserv by 51.9% during the fourth quarter. Quarry LP now owns 205 shares of the business services provider’s stock worth $42,000 after buying an additional 70 shares during the period. Finally, Knuff & Co LLC purchased a new position in Fiserv in the fourth quarter worth approximately $45,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Susquehanna dropped their price objective on shares of Fiserv from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Friday, April 25th. Mizuho set a $200.00 target price on shares of Fiserv in a research note on Thursday, May 15th. Truist Financial started coverage on Fiserv in a research note on Monday, June 2nd. They issued a “buy” rating and a $181.00 price target on the stock. Keefe, Bruyette & Woods lowered their price objective on Fiserv from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Wednesday, May 21st. Finally, Wall Street Zen assumed coverage on Fiserv in a report on Sunday, March 23rd. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and an average price target of $221.23.

Insider Transactions at Fiserv

In related news, EVP Andrew Gelb sold 5,652 shares of the company’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the sale, the executive vice president now owns 25,385 shares of the company’s stock, valued at approximately $4,061,600. This represents a 18.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total value of $403,628.16. Following the sale, the insider now owns 53,385 shares in the company, valued at approximately $8,577,901.80. This trade represents a 4.49% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company’s stock.

Fiserv Stock Performance

NYSE FI opened at $170.53 on Thursday. The business has a 50 day moving average price of $174.80 and a 200 day moving average price of $200.95. The company has a market capitalization of $94.55 billion, a P/E ratio of 30.13, a PEG ratio of 1.07 and a beta of 0.90. Fiserv, Inc. has a 1-year low of $146.46 and a 1-year high of $238.59. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.10 and a quick ratio of 1.10.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.06. The firm had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.86 billion. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.88 EPS. Sell-side analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal 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.