Duncker Streett & Co. Inc. Purchases Shares of 10,834 Fiserv, Inc. (NYSE:FI)

Duncker Streett & Co. Inc. purchased a new stake in Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 10,834 shares of the business services provider’s stock, valued at approximately $1,439,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Fiserv by 1.6% in the third quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock valued at $5,705,241,000 after acquiring an additional 789,232 shares in the last quarter. State Street Corp lifted its position in shares of Fiserv by 4.1% in the first quarter. State Street Corp now owns 25,700,156 shares of the business services provider’s stock valued at $2,904,889,000 after acquiring an additional 1,022,653 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Fiserv by 1.2% in the first quarter. Geode Capital Management LLC now owns 12,421,876 shares of the business services provider’s stock valued at $1,400,906,000 after acquiring an additional 149,811 shares in the last quarter. Morgan Stanley lifted its position in shares of Fiserv by 131.3% in the fourth quarter. Morgan Stanley now owns 9,980,646 shares of the business services provider’s stock valued at $1,008,744,000 after acquiring an additional 5,666,145 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in shares of Fiserv by 14.1% in the second quarter. Nuveen Asset Management LLC now owns 6,606,698 shares of the business services provider’s stock valued at $833,435,000 after acquiring an additional 817,660 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $149.53, for a total transaction of $3,588,720.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

FI has been the topic of a number of analyst reports. Evercore ISI reiterated an “outperform” rating and set a $185.00 price objective on shares of Fiserv in a research report on Tuesday, March 26th. Susquehanna lifted their target price on Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research report on Monday, March 25th. Truist Financial lifted their target price on Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a research report on Wednesday, February 7th. Mizuho reaffirmed a “buy” rating and issued a $156.00 price objective on shares of Fiserv in a research note on Wednesday, March 27th. Finally, Stephens lifted their price objective on Fiserv from $140.00 to $150.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Six research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $158.21.

Fiserv Price Performance

NYSE:FI traded down $1.79 during trading hours on Wednesday, reaching $146.40. 3,294,098 shares of the company traded hands, compared to its average volume of 2,185,764. The firm’s 50-day moving average is $151.56 and its 200-day moving average is $135.95. The stock has a market cap of $86.19 billion, a P/E ratio of 29.28, a P/E/G ratio of 1.21 and a beta of 0.91. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 1.04. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $159.99.

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