Tilt Investment Management Holdings PBC Takes $325,000 Position in Fiserv, Inc. (NYSE:FI)

Tilt Investment Management Holdings PBC acquired a new position in Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,448 shares of the business services provider’s stock, valued at approximately $325,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hollencrest Capital Management boosted its stake 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 in the last quarter. West Oak Capital LLC bought a new stake in Fiserv during the fourth quarter worth approximately $27,000. Halpern Financial Inc. acquired a new position in Fiserv during the fourth quarter valued at approximately $27,000. Atlas Capital Advisors LLC raised 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 purchasing an additional 128 shares during the period. Finally, PCA Investment Advisory Services Inc. acquired a new stake in shares of Fiserv in the second quarter worth $27,000. Institutional investors own 90.98% of the company’s stock.

Insider Activity

In related news, COO Guy Chiarello sold 63,646 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $25,209,646. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 111,575 shares of company stock worth $17,022,387. Insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Fiserv stock traded down $0.60 during mid-day trading on Thursday, hitting $146.50. 984,111 shares of the company were exchanged, compared to its average volume of 2,499,057. The company has a market capitalization of $86.25 billion, a PE ratio of 29.43, a price-to-earnings-growth ratio of 1.20 and a beta of 0.91. The business has a fifty day moving average of $151.65 and a 200 day moving average of $136.03. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $159.99. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on FI. B. Riley lifted their target price on shares of Fiserv from $152.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Evercore ISI reiterated an “outperform” rating and issued a $185.00 price objective on shares of Fiserv in a research note on Tuesday, March 26th. Robert W. Baird increased their target price on Fiserv from $168.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Royal Bank of Canada lifted their price target on Fiserv from $144.00 to $158.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Finally, Jefferies Financial Group upped their price target on Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a report on Monday, March 25th. Six research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.21.

Fiserv 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.