Cambridge Trust Co. Purchases Shares of 402 Fiserv, Inc. (NYSE:FI)

Cambridge Trust Co. purchased a new stake in Fiserv, Inc. (NYSE:FI) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 402 shares of the business services provider’s stock, valued at approximately $53,000.

Several other large investors also recently modified their holdings of the stock. Hollencrest Capital Management increased its position in Fiserv by 75.8% in the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after buying an additional 100 shares in the last quarter. West Oak Capital LLC acquired a new position in shares of Fiserv during the fourth quarter valued at about $27,000. Halpern Financial Inc. bought a new position in Fiserv in the 4th quarter valued at about $27,000. Atlas Capital Advisors LLC increased its holdings in Fiserv by 71.9% during the 2nd quarter. Atlas Capital Advisors LLC now owns 306 shares of the business services provider’s stock worth $27,000 after purchasing an additional 128 shares in the last quarter. Finally, PCA Investment Advisory Services Inc. purchased a new position in shares of Fiserv during the second quarter valued at approximately $27,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on FI shares. Tigress Financial increased their price target on Fiserv from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, December 22nd. BMO Capital Markets raised their price target on shares of Fiserv from $152.00 to $157.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Evercore ISI reaffirmed an “outperform” rating and issued a $185.00 price objective on shares of Fiserv in a research report on Tuesday, March 26th. Truist Financial boosted their target price on Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, February 7th. Finally, KeyCorp raised Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 price target for the company in a research report on Monday, January 8th. Six research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $158.21.

Fiserv Price Performance

Fiserv stock opened at $148.63 on Friday. The firm has a market capitalization of $87.51 billion, a P/E ratio of 29.73, a PEG ratio of 1.20 and a beta of 0.91. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 1.04. The business has a fifty day moving average price of $151.81 and a 200-day moving average price of $136.35.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, February 6th. The business services provider reported $2.19 EPS for the quarter, topping the consensus estimate of $2.15 by $0.04. The business had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.68 billion. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.91 EPS. As a group, equities research analysts forecast that Fiserv, Inc. will post 8.63 EPS for the current year.

Insider Activity at Fiserv

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

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.