Webster Bank N. A. Acquires New Stake in Fiserv, Inc. (NYSE:FI)

Webster Bank N. A. acquired a new stake in Fiserv, Inc. (NYSE:FIFree Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 70,705 shares of the business services provider’s stock, valued at approximately $9,392,000. Fiserv comprises approximately 1.2% of Webster Bank N. A.’s investment portfolio, making the stock its 19th biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in the company. Hollencrest Capital Management increased its stake 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 worth $26,000 after acquiring an additional 100 shares during the last quarter. West Oak Capital LLC acquired a new stake in shares of Fiserv in the 4th quarter worth $27,000. Halpern Financial Inc. acquired a new stake in shares of Fiserv in the 4th quarter worth $27,000. Atlas Capital Advisors LLC increased its stake in shares of Fiserv by 71.9% in the 2nd quarter. Atlas Capital Advisors LLC now owns 306 shares of the business services provider’s stock worth $27,000 after acquiring an additional 128 shares during the last quarter. Finally, PCA Investment Advisory Services Inc. acquired a new stake in shares of Fiserv in the 2nd quarter worth $27,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Performance

Shares of FI opened at $157.70 on Thursday. The stock has a 50-day simple moving average of $149.34 and a 200-day simple moving average of $133.33. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $93.11 billion, a PE ratio of 31.54, a PEG ratio of 1.29 and a beta of 0.91. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $159.99.

Fiserv (NYSE:FIGet Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.04. The business 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 business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.91 EPS. On average, analysts predict that Fiserv, Inc. will post 8.62 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Guy Chiarello sold 63,646 shares of Fiserv stock in a transaction dated 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 18.20% of the company’s stock.

Analysts Set New Price Targets

FI has been the subject of a number of recent research reports. Jefferies Financial Group raised their target price on Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a research note on Monday, March 25th. StockNews.com assumed coverage on Fiserv in a report on Saturday, February 3rd. They set a “buy” rating for the company. Morgan Stanley increased their price target on Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Tigress Financial increased their price target on Fiserv from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, December 22nd. Finally, KeyCorp upgraded Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 price target for the company in a report on Monday, January 8th. Seven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $158.21.

Check Out Our Latest Research Report on FI

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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