Two Point Capital Management Inc. Purchases Shares of 48,630 Fiserv, Inc. (NYSE:FI)

Two Point Capital Management Inc. bought a new position in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 48,630 shares of the business services provider’s stock, valued at approximately $6,460,000. Fiserv comprises approximately 3.0% of Two Point Capital Management Inc.’s portfolio, making the stock its 17th largest position.

Other institutional investors also recently made changes to their positions in the company. Apeiron RIA LLC lifted its position in shares of Fiserv by 2.9% during the 3rd quarter. Apeiron RIA LLC now owns 3,217 shares of the business services provider’s stock valued at $363,000 after acquiring an additional 90 shares during the last quarter. Brighton Jones LLC lifted its position in shares of Fiserv by 4.0% during the 3rd quarter. Brighton Jones LLC now owns 2,385 shares of the business services provider’s stock valued at $269,000 after acquiring an additional 92 shares during the last quarter. Jacobi Capital Management LLC lifted its position in shares of Fiserv by 0.9% during the 3rd quarter. Jacobi Capital Management LLC now owns 10,099 shares of the business services provider’s stock valued at $1,141,000 after acquiring an additional 94 shares during the last quarter. UniSuper Management Pty Ltd lifted its position in shares of Fiserv by 2.3% during the 3rd quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the business services provider’s stock valued at $508,000 after acquiring an additional 100 shares during the last quarter. Finally, Hollencrest Capital Management lifted 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 valued at $26,000 after acquiring an additional 100 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on FI. Susquehanna upped their price target on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a report on Monday, March 25th. BMO Capital Markets upped their price target on shares of Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a report on Wednesday. Truist Financial raised their price objective on shares of Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, February 7th. Citigroup raised their price target on shares of Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Royal Bank of Canada raised their price target on shares of Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.33.

Insider Buying and Selling at Fiserv

In other 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 transaction of $9,801,484.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $25,209,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 111,575 shares of company stock worth $17,022,387. Insiders own 0.75% of the company’s stock.

Fiserv Stock Up 1.9 %

FI traded up $2.87 during trading on Friday, hitting $156.16. The company had a trading volume of 1,993,332 shares, compared to its average volume of 2,549,402. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99. The firm’s 50-day moving average price is $152.39 and its 200 day moving average price is $137.45. The company has a market capitalization of $91.94 billion, a PE ratio of 28.65, a PEG ratio of 1.24 and a beta of 0.91.

Fiserv (NYSE:FI) last issued 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 for the quarter, compared to analyst estimates of $4.57 billion. During the same period in the previous year, the business earned $1.58 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts expect that Fiserv, Inc. will post 8.67 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.