33,344 Shares in Fiserv, Inc. (NYSE:FI) Acquired by SFE Investment Counsel

SFE Investment Counsel bought a new position in shares of Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 33,344 shares of the business services provider’s stock, valued at approximately $4,429,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. First Manhattan Co. raised its position in Fiserv by 4.6% in the fourth quarter. First Manhattan Co. now owns 1,966 shares of the business services provider’s stock worth $199,000 after acquiring an additional 86 shares in the last quarter. Holderness Investments Co. raised its position in Fiserv by 4.1% in the second quarter. Holderness Investments Co. now owns 2,295 shares of the business services provider’s stock worth $290,000 after acquiring an additional 90 shares in the last quarter. Apeiron RIA LLC raised its position in Fiserv by 2.9% in the third quarter. Apeiron RIA LLC now owns 3,217 shares of the business services provider’s stock worth $363,000 after acquiring an additional 90 shares in the last quarter. Brighton Jones LLC raised 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 acquiring an additional 92 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its position in Fiserv by 5.1% in the second quarter. Proficio Capital Partners LLC now owns 1,950 shares of the business services provider’s stock worth $246,000 after acquiring an additional 94 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on FI shares. BMO Capital Markets lifted their price target on Fiserv from $152.00 to $157.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Barclays lifted their price target on Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Jefferies Financial Group lifted their target price on Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Monday, March 25th. Royal Bank of Canada boosted their price target on Fiserv from $144.00 to $158.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Finally, StockNews.com assumed coverage on Fiserv in a report on Saturday, February 3rd. They set a “buy” rating for the company. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.21.

Fiserv Stock Down 0.4 %

FI stock traded down $0.58 during trading on Thursday, reaching $146.52. 1,048,056 shares of the stock were exchanged, compared to its average volume of 2,499,057. The firm’s 50 day moving average is $151.65 and its 200 day moving average is $136.03. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. The firm has a market cap of $86.27 billion, a P/E ratio of 29.43, a price-to-earnings-growth ratio of 1.20 and a beta of 0.91.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 EPS for the quarter, topping the consensus estimate of $2.15 by $0.04. The firm had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.68 billion. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.91 earnings per share. As a group, research analysts forecast that Fiserv, Inc. will post 8.62 EPS for the current year.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 23,929 shares of the 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 completion of the sale, the chief operating officer now directly 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 accessible through the SEC website. Insiders sold a total of 111,575 shares of company stock valued at $17,022,387 over the last ninety days. 0.75% of the stock is currently owned by insiders.

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.