Broderick Brian C Buys Shares of 90,361 Fiserv, Inc. (NYSE:FI)

Broderick Brian C bought a new stake in Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 90,361 shares of the business services provider’s stock, valued at approximately $12,004,000. Fiserv makes up about 3.0% of Broderick Brian C’s portfolio, making the stock its 13th largest holding.

Several other institutional investors also recently bought and sold shares of the company. Hollencrest Capital Management lifted its stake in shares of Fiserv by 75.8% during the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after buying 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 stake in shares of Fiserv during the fourth quarter worth $27,000. GW&K Investment Management LLC acquired a new stake in shares of Fiserv during the fourth quarter worth $27,000. Finally, Fortitude Family Office LLC acquired a new stake in shares of Fiserv during the fourth quarter worth $28,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on FI. Robert W. Baird boosted their target price on shares of Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Stephens restated an “equal weight” rating and set a $165.00 target price on shares of Fiserv in a research report on Wednesday, April 24th. B. Riley boosted their target price on shares of Fiserv from $176.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Barclays boosted their target price 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. Finally, BMO Capital Markets boosted their target price on shares of Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $164.83.

Insider Buying and Selling

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

Fiserv Trading Up 0.6 %

Shares of Fiserv stock traded up $0.86 during mid-day trading on Friday, hitting $151.42. The stock had a trading volume of 1,835,543 shares, compared to its average volume of 2,030,533. The firm has a 50-day moving average of $151.97 and a two-hundred day moving average of $144.91. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The firm has a market cap of $88.60 billion, a P/E ratio of 28.30, a price-to-earnings-growth ratio of 1.21 and a beta of 0.93.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating 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 business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.58 EPS. Sell-side analysts forecast that Fiserv, Inc. will post 8.69 earnings per share for the current 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.