Consolidated Planning Corp Takes $2.35 Million Position in Fiserv, Inc. (NYSE:FI)

Consolidated Planning Corp bought a new stake in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 17,722 shares of the business services provider’s stock, valued at approximately $2,354,000.

A number of other hedge funds have also recently modified their holdings of FI. Hollencrest Capital Management grew its stake in Fiserv by 75.8% in the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. West Oak Capital LLC bought a new position in Fiserv in the fourth quarter worth approximately $27,000. Halpern Financial Inc. bought a new position in Fiserv in the fourth quarter worth approximately $27,000. Fortitude Family Office LLC bought a new position in Fiserv in the fourth quarter worth approximately $28,000. Finally, Glass Jacobson Investment Advisors llc bought a new position in Fiserv in the fourth quarter worth approximately $31,000. Institutional investors own 90.98% of the company’s stock.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders have sold 111,575 shares of company stock valued at $17,022,387. Company insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

Shares of NYSE FI traded up $2.60 during mid-day trading on Friday, hitting $155.89. The stock had a trading volume of 3,196,489 shares, compared to its average volume of 2,315,910. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.04 and a current ratio of 1.06. The company has a 50 day moving average of $152.54 and a two-hundred day moving average of $137.74. 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 $91.21 billion, a PE ratio of 29.14, a PEG ratio of 1.24 and a beta of 0.91.

Fiserv (NYSE:FI) last released its 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 return on equity of 15.73% and a net margin of 16.68%. The firm had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same period in the prior year, the firm earned $1.58 EPS. The firm’s revenue was up 7.4% on a year-over-year basis. Research analysts predict that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FI has been the subject of a number of analyst reports. StockNews.com initiated coverage on Fiserv in a report on Saturday, February 3rd. They set a “buy” rating for the company. Stephens restated an “equal weight” rating and set a $165.00 target price on shares of Fiserv in a report on Wednesday. BMO Capital Markets upped their target price on Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a report on Wednesday. Truist Financial upped their target price on Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, February 7th. Finally, UBS Group upped their target price on Fiserv from $170.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and an average price target of $164.33.

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.