Hancock Whitney Corp Takes Position in Fiserv, Inc. (NYSE:FI)

Hancock Whitney Corp acquired a new stake in Fiserv, Inc. (NYSE:FI) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,259 shares of the business services provider’s stock, valued at approximately $201,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FI. Meritage Portfolio Management acquired a new stake in Fiserv in the fourth quarter worth $995,000. GHP Investment Advisors Inc. purchased a new stake in Fiserv in the 4th quarter valued at $78,000. Liberty Capital Management Inc. bought a new position in Fiserv during the 4th quarter valued at $7,071,000. Birch Hill Investment Advisors LLC bought a new stake in shares of Fiserv in the 4th quarter worth $84,583,000. Finally, Graypoint LLC purchased a new stake in shares of Fiserv in the fourth quarter valued at about $3,732,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FI has been the topic of a number of research analyst reports. Mizuho boosted their target price on Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Keefe, Bruyette & Woods boosted their price target on shares of Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Citigroup upgraded shares of Fiserv to a “strong-buy” rating in a report on Thursday, July 25th. BMO Capital Markets boosted their target price on shares of Fiserv from $168.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, Robert W. Baird upped their price objective on Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and an average price target of $172.29.

Fiserv Price Performance

NYSE FI traded down $2.44 during trading hours on Friday, reaching $158.95. 1,031,820 shares of the stock traded hands, compared to its average volume of 2,511,371. The stock has a 50 day simple moving average of $152.17 and a two-hundred day simple moving average of $150.58. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $165.56. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $91.51 billion, a price-to-earnings ratio of 29.58, a price-to-earnings-growth ratio of 1.32 and a beta of 0.92.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The company had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. Fiserv’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.81 EPS. On average, analysts predict that Fiserv, Inc. will post 8.73 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $148.47, for a total value of $3,563,280.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $24,304,390.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Fiserv news, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,304,390.53. The disclosure for this sale can be found here. Insiders have sold a total of 50,800 shares of company stock worth $7,696,448 in the last 90 days. 0.75% of the stock is owned by company 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.