Wisconsin Capital Management LLC Buys Shares of 15,105 Fiserv, Inc. (NYSE:FI)

Wisconsin Capital Management LLC purchased a new position in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 15,105 shares of the business services provider’s stock, valued at approximately $2,007,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. purchased a new stake in shares of Fiserv in the third quarter valued at $5,705,241,000. California Public Employees Retirement System purchased a new position in shares of Fiserv during the 4th quarter worth $423,780,000. Pittenger & Anderson Inc. acquired a new stake in shares of Fiserv during the fourth quarter worth $400,079,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of Fiserv in the fourth quarter valued at $422,884,000. Finally, Nordea Investment Management AB acquired a new position in Fiserv in the fourth quarter valued at $351,525,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on FI shares. TD Cowen raised their target price on shares of Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday. Evercore ISI restated an “outperform” rating and set a $185.00 price objective on shares of Fiserv in a report on Tuesday, March 26th. StockNews.com initiated coverage on Fiserv in a report on Saturday, February 3rd. They issued a “buy” rating on the stock. Stephens restated an “equal weight” rating and set a $165.00 price target on shares of Fiserv in a research note on Wednesday. Finally, Royal Bank of Canada raised their price objective on Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $164.33.

Fiserv Stock Up 0.7 %

Shares of NYSE:FI traded up $1.04 during midday trading on Thursday, reaching $153.29. The company had a trading volume of 3,049,942 shares, compared to its average volume of 2,557,857. Fiserv, Inc. has a one year low of $109.11 and a one year 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 1.04. The stock has a market capitalization of $90.25 billion, a P/E ratio of 28.65, a PEG ratio of 1.27 and a beta of 0.91. The stock’s fifty day moving average price is $152.39 and its 200-day moving average price is $137.45.

Fiserv (NYSE:FI) last announced its quarterly earnings data 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 analysts’ expectations of $4.57 billion. During the same quarter in the prior year, the firm posted $1.58 earnings per share. Fiserv’s revenue for the quarter was up 7.4% compared to the same quarter last year. Equities research analysts expect that Fiserv, Inc. will post 8.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,477,911.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over 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.

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.