Tilt Investment Management Holdings PBC Makes New Investment in Fiserv, Inc. (NYSE:FI)

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

Several other institutional investors also recently modified their holdings of FI. Piscataqua Savings Bank bought a new position in Fiserv during the fourth quarter worth $67,000. GHP Investment Advisors Inc. bought a new stake in shares of Fiserv during the 4th quarter worth about $78,000. Liberty Capital Management Inc. acquired a new position in Fiserv in the 4th quarter valued at about $7,071,000. Birch Hill Investment Advisors LLC acquired a new position in Fiserv in the 4th quarter valued at about $84,583,000. Finally, Graypoint LLC bought a new position in Fiserv in the 4th quarter valued at about $3,732,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the firm’s stock in a transaction that occurred 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 sale, the chief operating officer now owns 163,699 shares in the company, valued at $25,209,646. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 111,575 shares of company stock worth $17,022,387 in the last three months. 0.75% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FI shares. Jefferies Financial Group boosted their price objective on Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a report on Monday, March 25th. BMO Capital Markets increased their price objective on Fiserv from $152.00 to $157.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Susquehanna lifted their target price on Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a report on Monday, March 25th. Stephens upped their price target on shares of Fiserv from $140.00 to $150.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Finally, Oppenheimer raised shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price target on the stock in a research report on Thursday, January 11th. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $158.21.

Fiserv Price Performance

Shares of Fiserv stock traded down $0.60 during trading on Thursday, reaching $146.50. 984,111 shares of the company’s stock were exchanged, compared to its average volume of 2,499,057. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.04. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $159.99. The company has a market cap of $86.25 billion, a P/E ratio of 29.43, a PEG ratio of 1.20 and a beta of 0.91. The firm’s 50-day moving average price is $151.65 and its 200 day moving average price is $136.03.

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. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The firm had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.68 billion. During the same quarter in the previous year, the firm earned $1.91 earnings per share. The business’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, research analysts anticipate that Fiserv, Inc. will post 8.62 earnings per share for the current 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.