R Squared Ltd Makes New Investment in Fiserv, Inc. (NYSE:FI)

R Squared Ltd acquired a new stake in Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 710 shares of the business services provider’s stock, valued at approximately $146,000.

Several other hedge funds and other institutional investors have also made changes to their positions in FI. B. Riley Wealth Advisors Inc. increased its stake in shares of Fiserv by 4.6% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 18,668 shares of the business services provider’s stock worth $2,782,000 after purchasing an additional 813 shares during the last quarter. EP Wealth Advisors LLC grew its holdings in Fiserv by 2.0% during the second quarter. EP Wealth Advisors LLC now owns 12,276 shares of the business services provider’s stock worth $1,830,000 after purchasing an additional 235 shares during the period. Truist Financial Corp raised its stake in Fiserv by 1.4% in the second quarter. Truist Financial Corp now owns 279,379 shares of the business services provider’s stock valued at $41,639,000 after buying an additional 3,924 shares during the period. SPC Financial Inc. acquired a new stake in shares of Fiserv in the second quarter valued at approximately $206,000. Finally, 3Chopt Investment Partners LLC bought a new position in shares of Fiserv during the 2nd quarter worth approximately $320,000. 90.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on FI. Stephens restated an “overweight” rating and issued a $255.00 price target on shares of Fiserv in a research note on Thursday, January 2nd. Oppenheimer raised their target price on shares of Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Royal Bank of Canada lifted their target price on shares of Fiserv from $183.00 to $224.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Compass Point began coverage on shares of Fiserv in a report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price target on the stock. Finally, Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and an average price target of $224.00.

Insider Buying and Selling

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.75% of the stock is owned by corporate insiders.

Fiserv Stock Up 0.5 %

NYSE FI opened at $212.82 on Thursday. The business has a fifty day moving average price of $208.96 and a two-hundred day moving average price of $190.20. The stock has a market capitalization of $121.08 billion, a PE ratio of 40.93, a PEG ratio of 1.37 and a beta of 0.94. Fiserv, Inc. has a fifty-two week low of $137.13 and a fifty-two week high of $223.23. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07.

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.