221,334 Shares in Fiserv, Inc. (NYSE:FI) Purchased by Todd Asset Management LLC

Todd Asset Management LLC purchased a new position in Fiserv, Inc. (NYSE:FI) during the 4th quarter, HoldingsChannel reports. The firm purchased 221,334 shares of the business services provider’s stock, valued at approximately $29,402,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Brighton Jones LLC increased its position in Fiserv by 4.0% in the third quarter. Brighton Jones LLC now owns 2,385 shares of the business services provider’s stock worth $269,000 after purchasing an additional 92 shares during the period. Jacobi Capital Management LLC raised its stake in shares of Fiserv by 0.9% during the third quarter. Jacobi Capital Management LLC now owns 10,099 shares of the business services provider’s stock worth $1,141,000 after buying an additional 94 shares during the last quarter. UniSuper Management Pty Ltd lifted its holdings in Fiserv by 2.3% in the third quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the business services provider’s stock valued at $508,000 after buying an additional 100 shares during the period. Hollencrest Capital Management boosted its stake in Fiserv by 75.8% in the third 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. Finally, Argonautica Private Wealth Management Inc. grew its holdings in Fiserv by 2.5% during the 3rd quarter. Argonautica Private Wealth Management Inc. now owns 4,128 shares of the business services provider’s stock worth $466,000 after acquiring an additional 101 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Up 0.0 %

NYSE:FI traded up $0.05 on Friday, hitting $149.22. 2,942,846 shares of the company’s stock were exchanged, compared to its average volume of 2,577,646. The firm has a 50-day moving average price of $152.74 and a 200-day moving average price of $139.04. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99. 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 company has a market cap of $87.31 billion, a P/E ratio of 27.89, a price-to-earnings-growth ratio of 1.20 and a beta of 0.92.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating the consensus estimate of $1.77 by $0.11. The firm had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.58 earnings per share. As a group, analysts expect that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 23,929 shares of the company’s stock in a transaction that occurred 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 transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 111,575 shares of company stock worth $17,022,387 over the last three months. Insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Barclays raised their price target on Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Mizuho reaffirmed a “buy” rating and issued a $156.00 price target on shares of Fiserv in a research note on Wednesday, March 27th. Morgan Stanley lifted their price objective on shares of Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Royal Bank of Canada upped their target price on shares of Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Finally, BMO Capital Markets boosted 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, April 24th. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and an average target price of $164.33.

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.