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Fiserv, Fidelity National Information, Global Payments, WEX and The Western Union have been highlighted in this Industry Outlook article.
Fiserv (FI) benefits from its business model, client addition and retention, and providing value-added solutions to its clients.
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Fintech remains a treasure in the investment world, and many are looking into fintech stocks to buy. They have promising and innovative solutions, with the potential for substantial returns.
Fiserv (FI) is benefitting from strategic acquisitions despite high competition due to the entry of multiple non-banking bodies.
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Beacon Pointe Advisors LLC purchased a new stake in Fiserv, Inc. (NYSE:FI – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 13,118 shares of the business services provider’s stock, valued at approximately $1,743,000. Several other institutional investors and hedge funds have also added to or reduced their stakes in FI. Hollencrest Capital Management grew its position 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 buying an additional 100 shares during the period. West Oak Capital LLC acquired a new stake in shares of Fiserv during the fourth quarter worth about $27,000. Halpern Financial Inc. acquired a new position in shares of Fiserv in the 4th quarter valued at approximately $27,000. Fortitude Family Office LLC bought a new stake in Fiserv during the 4th quarter worth approximately $28,000. Finally, Glass Jacobson Investment Advisors llc acquired a new stake in Fiserv during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 90.98% of the company’s stock. Insiders Place Their Bets In related news, COO Guy Chiarello sold 63,646 shares of the business’s stock in a transaction dated 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 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 Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have sold 111,575 shares of company stock worth $17,022,387. Insiders own 0.75% of the company’s stock. Fiserv Trading Down 0.1 % Shares of FI stock opened at $152.71 on Monday. The company has a market cap of $89.35 billion, a P/E ratio of 28.54, a PEG ratio of 1.23 and a beta of 0.92. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The stock has a 50 day simple moving average of $153.38 and a two-hundred day simple moving average of $142.23. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv (NYSE:FI – Get Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. The business had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.58 EPS. Research analysts forecast that Fiserv, Inc. will post 8.69 earnings per share for the current year. Wall Street Analyst Weigh In A number of equities research analysts recently commented on FI shares. KeyCorp raised their price objective on shares of Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Barclays increased their price target on shares of Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. UBS Group upped their target price on shares of Fiserv from $170.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. TD Cowen lifted their price target on Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, Susquehanna upped their price objective on Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research note on Monday, March 25th. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $164.33. View Our Latest Stock Analysis on Fiserv Fiserv Profile (Free Report) 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.