Buckhead Capital Management LLC Makes New Investment in Fiserv, Inc. (NYSE:FI)

Buckhead Capital Management LLC purchased 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 SEC. The fund purchased 38,698 shares of the business services provider’s stock, valued at approximately $5,141,000. Fiserv makes up about 1.9% of Buckhead Capital Management LLC’s holdings, making the stock its 12th largest position.

Other hedge funds also recently made changes to their positions in the company. Hollencrest Capital Management increased 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 valued at $26,000 after purchasing an additional 100 shares during the period. West Oak Capital LLC acquired a new stake in shares of Fiserv during the fourth quarter worth $27,000. Halpern Financial Inc. acquired a new position in Fiserv in the fourth quarter valued at $27,000. Fortitude Family Office LLC acquired a new stake in Fiserv during the 4th quarter worth about $28,000. Finally, Glass Jacobson Investment Advisors llc bought a new stake in shares of Fiserv during the 4th quarter valued at about $31,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Fiserv 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 completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,847,871.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders sold 111,575 shares of company stock valued at $17,022,387. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Price Performance

FI stock traded down $3.81 on Wednesday, reaching $148.86. 3,248,205 shares of the company’s stock were exchanged, compared to its average volume of 2,568,380. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99. The firm has a market cap of $87.10 billion, a PE ratio of 28.54, a P/E/G ratio of 1.24 and a beta of 0.91. The stock has a fifty day moving average of $152.76 and a 200-day moving average of $138.65.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. The business had revenue of $4.88 billion during 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.58 earnings per share. As a group, equities analysts predict that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on FI. Robert W. Baird boosted their target price on Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Citigroup increased their price objective on Fiserv from $171.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. B. Riley raised their price objective on shares of Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. BNP Paribas raised shares of Fiserv from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 10th. Finally, Stephens restated 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 issued a buy rating to the stock. According to MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and an average price target 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.