Private Advisor Group LLC Makes New $2.55 Million Investment in Fiserv, Inc. (NYSE:FI)

Private Advisor Group LLC purchased a new position in Fiserv, Inc. (NYSE:FIFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 19,164 shares of the business services provider’s stock, valued at approximately $2,546,000.

Other large investors have also added to or reduced their stakes in the company. Hollencrest Capital Management lifted its position in Fiserv by 75.8% during 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 during the period. West Oak Capital LLC purchased a new position in Fiserv during the 4th quarter valued at about $27,000. Halpern Financial Inc. purchased a new position in Fiserv during the 4th quarter valued at about $27,000. Fortitude Family Office LLC purchased a new position in Fiserv during the 4th quarter valued at about $28,000. Finally, Glass Jacobson Investment Advisors llc purchased a new position in Fiserv during the 4th quarter valued at about $31,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of FI opened at $154.22 on Friday. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week 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 stock has a market cap of $90.23 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 1.25 and a beta of 0.92. The business has a 50-day simple moving average of $153.07 and a two-hundred day simple moving average of $140.47.

Fiserv (NYSE:FIGet Free Report) last released its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The company had revenue of $4.88 billion for 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%. Fiserv’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.58 EPS. On average, analysts expect that Fiserv, Inc. will post 8.7 EPS for the current year.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 111,575 shares of company stock valued at $17,022,387 in the last three months. 0.75% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FI has been the subject of a number of recent research reports. Jefferies Financial Group lifted their price target on shares of Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Monday, March 25th. Citigroup lifted their target price on shares of Fiserv from $171.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. B. Riley lifted their target price on shares of Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. 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 report on Wednesday, April 24th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $165.00 target price on shares of Fiserv in a report on Wednesday, April 24th. Six analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and an average target price of $164.33.

Read Our Latest Research Report on Fiserv

Fiserv Profile

(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.

Featured Articles

Want to see what other hedge funds are holding FI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv, Inc. (NYSE:FIFree Report).

Institutional Ownership by Quarter for Fiserv (NYSE:FI)

Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.