Ethic Inc. Makes New $10.48 Million Investment in Fiserv, Inc. (NYSE:FI)

Ethic Inc. bought a new position in Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 78,916 shares of the business services provider’s stock, valued at approximately $10,483,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its position in Fiserv by 5.2% during the third quarter. Janney Montgomery Scott LLC now owns 62,769 shares of the business services provider’s stock valued at $7,091,000 after purchasing an additional 3,111 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Fiserv by 4.5% in the third quarter. Van ECK Associates Corp now owns 23,460 shares of the business services provider’s stock valued at $2,650,000 after purchasing an additional 1,010 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Fiserv in the third quarter valued at approximately $90,000. Cyrus J. Lawrence LLC lifted its holdings in Fiserv by 1.3% during the third quarter. Cyrus J. Lawrence LLC now owns 53,136 shares of the business services provider’s stock worth $6,002,000 after buying an additional 665 shares during the period. Finally, Nemes Rush Group LLC lifted its holdings in Fiserv by 6.7% during the third quarter. Nemes Rush Group LLC now owns 23,220 shares of the business services provider’s stock worth $2,623,000 after buying an additional 1,456 shares during the period. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Down 0.9 %

Shares of Fiserv stock traded down $1.40 during trading on Tuesday, hitting $148.20. 805,132 shares of the stock were exchanged, compared to its average volume of 2,460,808. The stock has a market cap of $86.71 billion, a price-to-earnings ratio of 27.64, a price-to-earnings-growth ratio of 1.22 and a beta of 0.93. The firm’s 50-day moving average price is $151.79 and its 200 day moving average price is $145.36. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99. 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 (NYSE:FI) last released its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.11. The business 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%. The company’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. As a group, analysts forecast that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FI has been the topic of a number of recent analyst reports. Stephens reaffirmed an “equal weight” rating and set a $165.00 price target on shares of Fiserv in a research report on Wednesday, April 24th. Evercore ISI reissued an “outperform” rating and issued a $185.00 target price on shares of Fiserv in a research report on Tuesday, March 26th. Citigroup upped their target price on Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Susquehanna upped their target price on Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research report on Monday, March 25th. Finally, UBS Group increased their price target on Fiserv from $170.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $164.83.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 63,646 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were 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 of the company’s stock, valued at $25,209,646. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 111,575 shares of company stock valued at $17,022,387 over the last ninety days. 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.