8,665 Shares in Fiserv, Inc. (NYSE:FI) Purchased by Intelligence Driven Advisers LLC

Intelligence Driven Advisers LLC purchased a new position in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,665 shares of the business services provider’s stock, valued at approximately $1,229,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FI. Hollencrest Capital Management boosted its holdings in Fiserv by 75.8% in the 3rd 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 in the last quarter. West Oak Capital LLC purchased a new stake in Fiserv in the 4th quarter valued at approximately $27,000. Halpern Financial Inc. purchased a new stake in Fiserv in the 4th quarter valued at approximately $27,000. Fortitude Family Office LLC purchased a new stake in Fiserv in the 4th quarter valued at approximately $28,000. Finally, Glass Jacobson Investment Advisors llc purchased a new stake in Fiserv in the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of Fiserv stock in a transaction that occurred on Monday, April 15th. The shares were 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 approximately $24,847,871.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders sold 111,575 shares of company stock valued at $17,022,387. Company insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FI. Citigroup lifted their price objective on Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Barclays lifted their price target on shares of Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Royal Bank of Canada lifted their price target on shares of Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Susquehanna lifted their price target on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research report on Monday, March 25th. Finally, Stephens reiterated an “equal weight” rating and set a $165.00 price target on shares of Fiserv in a research 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $164.33.

Fiserv Trading Up 0.3 %

FI stock traded up $0.38 during midday trading on Thursday, hitting $149.24. The stock had a trading volume of 1,480,745 shares, compared to its average volume of 2,554,165. The firm has a market cap of $87.32 billion, a PE ratio of 27.82, a price-to-earnings-growth ratio of 1.23 and a beta of 0.92. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99. The company’s 50-day moving average price is $152.79 and its 200 day moving average price is $138.72.

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

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.