Citizens Financial Group Inc. RI Takes Position in Fiserv, Inc. (NYSE:FI)

Citizens Financial Group Inc. RI acquired a new position in shares of Fiserv, Inc. (NYSE:FI) during the 4th quarter, Holdings Channel reports. The firm acquired 12,011 shares of the business services provider’s stock, valued at approximately $1,596,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cornerstone Capital Inc. acquired a new stake in Fiserv during the 4th quarter valued at $17,703,000. IAG Wealth Partners LLC bought a new stake in shares of Fiserv during the 4th quarter worth about $41,000. Mountain Pacific Investment Advisers Inc. ID bought a new position in Fiserv in the 4th quarter valued at about $70,092,000. Truist Financial Corp acquired a new stake in Fiserv during the fourth quarter worth approximately $41,387,000. Finally, Spinnaker Trust bought a new stake in shares of Fiserv during the fourth quarter worth approximately $1,005,000. 90.98% of the stock is owned by institutional investors.

Fiserv Trading Up 1.7 %

Fiserv stock traded up $2.60 during trading hours on Friday, hitting $155.89. The stock had a trading volume of 3,196,489 shares, compared to its average volume of 2,315,910. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The stock has a market cap of $91.21 billion, a price-to-earnings ratio of 29.14, a P/E/G ratio of 1.24 and a beta of 0.91. The business’s 50 day simple moving average is $152.54 and its 200-day simple moving average is $137.74.

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

Analyst Ratings Changes

Several analysts recently weighed in on FI shares. BNP Paribas raised Fiserv from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 10th. Citigroup boosted their target price on shares of Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday. Jefferies Financial Group upped their price target on shares of Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Monday, March 25th. Susquehanna lifted their price objective on shares of Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research note on Monday, March 25th. Finally, B. Riley increased their target price on shares of Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $164.33.

Insiders Place Their Bets

In related news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $24,477,911.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders have sold 111,575 shares of company stock valued at $17,022,387. 0.75% of the stock is currently 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.