Prentiss Smith & Co. Inc. Buys Shares of 5,985 Fiserv, Inc. (NYSE:FI)

Prentiss Smith & Co. Inc. bought a new stake in Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,985 shares of the business services provider’s stock, valued at approximately $795,000.

A number of other hedge funds also recently added to or reduced their stakes in FI. Hollencrest Capital Management increased its stake in shares of Fiserv by 75.8% during the 3rd 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 purchased a new position in shares of Fiserv during the 4th quarter worth approximately $27,000. Halpern Financial Inc. purchased a new position in shares of Fiserv during the 4th quarter worth approximately $27,000. Fortitude Family Office LLC purchased a new position in shares of Fiserv during the 4th quarter worth approximately $28,000. Finally, Glass Jacobson Investment Advisors llc purchased a new position in shares of Fiserv during the 4th quarter worth approximately $31,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Fiserv

In other Fiserv 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 transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,209,646. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Stock Up 0.7 %

Shares of NYSE:FI traded up $1.04 during midday trading on Thursday, hitting $153.29. 3,049,942 shares of the company’s stock traded hands, compared to its average volume of 2,557,857. 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 market cap of $90.25 billion, a PE ratio of 28.46, a P/E/G ratio of 1.27 and a beta of 0.91. The firm’s fifty day moving average price is $152.28 and its two-hundred day moving average price is $137.34. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99.

Fiserv (NYSE:FI) last posted its 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 for the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.58 EPS. On average, equities research analysts anticipate that Fiserv, Inc. will post 8.63 EPS for the current fiscal year.

Analyst Ratings Changes

FI has been the subject of a number of recent research reports. Morgan Stanley raised their price objective on shares of Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. StockNews.com initiated coverage on shares of Fiserv in a research note on Saturday, February 3rd. They issued a “buy” rating for the company. Oppenheimer raised shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 target price for the company in a research note on Thursday, January 11th. UBS Group lifted their target price on shares of Fiserv from $170.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Susquehanna lifted their target price on shares of Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research note on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.