Carderock Capital Management Inc. Purchases Shares of 54,460 Fiserv, Inc. (NYSE:FI)

Carderock Capital Management Inc. purchased a new stake in Fiserv, Inc. (NYSE:FIFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 54,460 shares of the business services provider’s stock, valued at approximately $7,234,000. Fiserv makes up about 2.0% of Carderock Capital Management Inc.’s portfolio, making the stock its 27th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hollencrest Capital Management raised its holdings in shares of Fiserv by 75.8% in the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. West Oak Capital LLC purchased a new position in shares of Fiserv during the 4th quarter valued at about $27,000. Halpern Financial Inc. purchased a new position in shares of Fiserv during the 4th quarter valued at about $27,000. Atlas Capital Advisors LLC raised its holdings in shares of Fiserv by 71.9% during the 2nd quarter. Atlas Capital Advisors LLC now owns 306 shares of the business services provider’s stock valued at $27,000 after buying an additional 128 shares in the last quarter. Finally, PCA Investment Advisory Services Inc. purchased a new position in shares of Fiserv during the 2nd quarter valued at about $27,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. StockNews.com assumed coverage on Fiserv in a report on Saturday, February 3rd. They set a “buy” rating on the stock. Tigress Financial raised their price objective on Fiserv from $160.00 to $175.00 and gave the company a “buy” rating in a report on Friday, December 22nd. Morgan Stanley raised their price objective on Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Susquehanna raised their price objective on Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a report on Monday, March 25th. Finally, Oppenheimer upgraded Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price target on the stock in a research report on Thursday, January 11th. Seven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $158.21.

Get Our Latest Report on FI

Insider Activity

In other news, COO Guy Chiarello sold 63,646 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total value of $9,801,484.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,209,646. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 18.20% of the stock is currently owned by company insiders.

Fiserv Trading Down 0.4 %

FI opened at $157.70 on Thursday. The stock has a market cap of $93.11 billion, a PE ratio of 31.54, a PEG ratio of 1.29 and a beta of 0.91. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73. The business has a 50 day moving average of $149.34 and a 200-day moving average of $133.33. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99.

Fiserv (NYSE:FIGet Free Report) last released its earnings results on Tuesday, February 6th. The business services provider reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.04. The company had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.68 billion. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.91 EPS. Equities research analysts predict that Fiserv, Inc. will post 8.62 earnings per share for the current fiscal year.

About Fiserv

(Free Report)

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.

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Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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