3,772 Shares in Fiserv, Inc. (NYSE:FI) Purchased by Steph & Co.

Steph & Co. purchased a new stake in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,772 shares of the business services provider’s stock, valued at approximately $501,000.

Several other institutional investors have also recently modified their holdings of the stock. Hollencrest Capital Management grew its position in shares of 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 purchasing an additional 100 shares during the period. West Oak Capital LLC purchased a new stake in Fiserv in the 4th quarter valued at about $27,000. Halpern Financial Inc. acquired a new position in shares of Fiserv during the 4th quarter valued at about $27,000. Atlas Capital Advisors LLC lifted its holdings 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 during the period. Finally, PCA Investment Advisory Services Inc. acquired a new stake in shares of Fiserv in the second quarter worth approximately $27,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Up 0.5 %

NYSE FI traded up $0.70 during trading on Wednesday, reaching $147.10. 2,935,266 shares of the company’s stock were exchanged, compared to its average volume of 2,519,786. The firm has a market capitalization of $86.61 billion, a PE ratio of 29.28, a P/E/G ratio of 1.21 and a beta of 0.91. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week 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 company’s fifty day simple moving average is $151.56 and its 200-day simple moving average is $135.95.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) 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 the consensus estimate of $4.68 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.91 EPS. Sell-side analysts predict that Fiserv, Inc. will post 8.62 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Jefferies Financial Group increased their price target on shares of Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a research note on Monday, March 25th. KeyCorp raised Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 price target for the company in a research report on Monday, January 8th. Oppenheimer upgraded Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price objective on the stock in a report on Thursday, January 11th. B. Riley boosted their target price on Fiserv from $152.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Finally, Evercore ISI reissued an “outperform” rating and issued a $185.00 target price on shares of Fiserv in a research note on Tuesday, March 26th. Six analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.21.

Insiders Place Their Bets

In related news, COO Guy Chiarello sold 63,646 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total value of $9,801,484.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $25,209,646. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 111,575 shares of company stock valued at $17,022,387 over the last quarter. Insiders own 0.75% of the company’s stock.

Fiserv Company 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.