Catalyst Financial Partners LLC Makes New $352,000 Investment in Fiserv, Inc. (NYSE:FI)

Catalyst Financial Partners LLC acquired a new stake in Fiserv, Inc. (NYSE:FI) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 2,652 shares of the business services provider’s stock, valued at approximately $352,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. West Oak Capital LLC acquired a new position in shares of Fiserv during the 4th quarter worth about $27,000. Halpern Financial Inc. acquired a new position in Fiserv during the fourth quarter worth approximately $27,000. Fortitude Family Office LLC bought a new stake in Fiserv in the fourth quarter valued at approximately $28,000. Hollencrest Capital Management lifted 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 buying an additional 100 shares during the last quarter. Finally, Glass Jacobson Investment Advisors llc bought a new position in shares of Fiserv during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity

In related news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $149.53, for a total transaction of $3,588,720.00. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,477,911.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders sold 111,575 shares of company stock worth $17,022,387. Insiders own 0.75% of the company’s stock.

Fiserv Price Performance

NYSE:FI traded up $0.25 during trading hours on Wednesday, hitting $153.29. The company’s stock had a trading volume of 2,213,611 shares, compared to its average volume of 2,557,049. 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 capitalization of $89.69 billion, a P/E ratio of 28.65, a PEG ratio of 1.20 and a beta of 0.92. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99. The stock has a fifty day simple moving average of $152.78 and a 200-day simple moving average of $139.96.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FI. StockNews.com started coverage on shares of Fiserv in a research report on Saturday, February 3rd. They issued a “buy” rating on the stock. Royal Bank of Canada raised their price objective on shares of Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. UBS Group upped their target price on Fiserv from $170.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Barclays lifted their price target on Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Finally, Robert W. Baird upped their price objective on Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus 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.