19,356 Shares in Fiserv, Inc. (NYSE:FI) Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC purchased a new position in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 19,356 shares of the business services provider’s stock, valued at approximately $2,571,000.

Other hedge funds also recently added to or reduced their stakes in the company. Hollencrest Capital Management lifted its position in 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 during the period. West Oak Capital LLC acquired a new stake in Fiserv during the 4th quarter worth approximately $27,000. Halpern Financial Inc. acquired a new stake in Fiserv during the 4th quarter worth approximately $27,000. Fortitude Family Office LLC acquired 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. 90.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on FI. Robert W. Baird increased their price objective on Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Royal Bank of Canada raised their price target on Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Stephens reissued an “equal weight” rating and issued a $165.00 price target on shares of Fiserv in a report on Wednesday, April 24th. KeyCorp raised their price target on Fiserv from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Finally, Jefferies Financial Group raised their price target on Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a report on Monday, March 25th. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and an average target price of $164.33.

Fiserv Price Performance

Fiserv stock traded up $2.49 during mid-day trading on Tuesday, hitting $153.08. 1,964,283 shares of the company were exchanged, compared to its average volume of 2,560,861. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06. The business’s 50 day simple moving average is $152.73 and its two-hundred day simple moving average is $139.66. The company has a market capitalization of $89.57 billion, a P/E ratio of 28.61, a PEG ratio of 1.20 and a beta of 0.92. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.11. The company had revenue of $4.88 billion during 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%. Fiserv’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.58 earnings per share. Analysts forecast that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Guy Chiarello sold 23,929 shares of Fiserv stock in a transaction on Monday, April 15th. The stock was sold at an average price of $151.79, for a total value of $3,632,182.91. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold a total of 111,575 shares of company stock valued at $17,022,387 over the last quarter. 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.