Hudson Edge Investment Partners Inc. Takes $5.38 Million Position in Fiserv, Inc. (NYSE:FI)

Hudson Edge Investment Partners Inc. bought a new stake in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 40,481 shares of the business services provider’s stock, valued at approximately $5,377,000.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Fiserv by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock worth $5,705,241,000 after acquiring an additional 789,232 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Fiserv in the 4th quarter worth approximately $960,592,000. Parnassus Investments LLC purchased a new position in Fiserv in the 4th quarter worth approximately $900,674,000. Norges Bank purchased a new position in Fiserv in the 4th quarter worth approximately $874,377,000. Finally, Northern Trust Corp raised its holdings in Fiserv by 2.7% in the 3rd quarter. Northern Trust Corp now owns 6,416,853 shares of the business services provider’s stock worth $724,848,000 after acquiring an additional 168,286 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Trading Down 0.8 %

Fiserv stock traded down $1.24 during midday trading on Monday, reaching $148.52. The stock had a trading volume of 2,571,903 shares, compared to its average volume of 2,497,778. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $159.99. The firm has a market cap of $86.90 billion, a price-to-earnings ratio of 28.09, a price-to-earnings-growth ratio of 1.21 and a beta of 0.93. The company has a fifty day moving average of $152.90 and a 200 day moving average of $144.31.

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

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $149.53, for a total transaction of $3,588,720.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $24,477,911.47. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have sold 111,575 shares of company stock worth $17,022,387 in the last three months. Corporate insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

FI has been the subject of a number of research reports. KeyCorp boosted their target price on shares of Fiserv from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Stephens reiterated an “equal weight” rating and set a $165.00 target price on shares of Fiserv in a research note on Wednesday, April 24th. Robert W. Baird boosted their target price on shares of Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Truist Financial boosted their target price on shares of Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, February 7th. Finally, Royal Bank of Canada boosted their price objective on shares of Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and an average target price of $164.83.

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.