Perigon Wealth Management LLC Takes Position in Fiserv, Inc. (NYSE:FI)

Perigon Wealth Management LLC purchased a new stake in Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,900 shares of the business services provider’s stock, valued at approximately $252,000.

Other large investors have also modified their holdings of the company. Hollencrest Capital Management raised its stake 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 acquiring an additional 100 shares in the last quarter. West Oak Capital LLC bought a new position in shares of Fiserv during the 4th quarter worth approximately $27,000. Halpern Financial Inc. bought a new position in shares of Fiserv during the 4th quarter worth approximately $27,000. Atlas Capital Advisors LLC raised its stake in shares of 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 acquiring an additional 128 shares in the last quarter. Finally, PCA Investment Advisory Services Inc. bought a new position in shares of Fiserv during the 2nd quarter worth approximately $27,000. Institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on FI shares. B. Riley boosted their target price on shares of Fiserv from $152.00 to $176.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Barclays boosted their target price on shares of Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Truist Financial boosted their target price on shares of Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, February 7th. Royal Bank of Canada boosted their target price on shares of Fiserv from $144.00 to $158.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Finally, Stephens boosted their target price on shares of Fiserv from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Six equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.21.

Fiserv Stock Performance

Shares of NYSE FI opened at $147.13 on Thursday. The company’s fifty day moving average price is $151.65 and its 200 day moving average price is $136.03. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $159.99. The company has a market capitalization of $86.62 billion, a PE ratio of 29.43, a price-to-earnings-growth ratio of 1.21 and a beta of 0.91. 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 (NYSE:FI) last posted its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.04. The company had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.68 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.91 earnings per share. On average, research analysts predict that Fiserv, Inc. will post 8.62 earnings per share for the current year.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,209,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 111,575 shares of company stock worth $17,022,387. Company insiders own 0.75% of the company’s stock.

About Fiserv

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.