Analyst IMS Investment Management Services Ltd. Acquires New Position in Fiserv, Inc. (NYSE:FI)

Analyst IMS Investment Management Services Ltd. acquired a new stake in Fiserv, Inc. (NYSE:FIFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,928 shares of the business services provider’s stock, valued at approximately $1,452,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. West Oak Capital LLC acquired a new position in Fiserv during the fourth quarter worth about $27,000. Halpern Financial Inc. acquired a new position in Fiserv during the fourth quarter worth about $27,000. GW&K Investment Management LLC acquired a new position in Fiserv during the fourth quarter worth about $27,000. Fortitude Family Office LLC acquired a new position in Fiserv during the fourth quarter worth about $28,000. Finally, Private Wealth Management Group LLC acquired a new position in Fiserv during the fourth quarter worth about $30,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

FI has been the subject of a number of analyst reports. TD Cowen boosted their price objective on shares of Fiserv from $167.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Mizuho boosted their price objective on shares of Fiserv from $156.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Robert W. Baird boosted their price objective on shares of Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. UBS Group boosted their price objective on shares of Fiserv from $170.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, StockNews.com initiated coverage on shares of Fiserv in a research report on Saturday, February 3rd. They issued a “buy” rating for the company. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, Fiserv has an average rating of “Moderate Buy” and a consensus target price of $164.83.

Get Our Latest Stock Report on FI

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 63,646 shares of the company’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 sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $25,209,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 111,575 shares of company stock valued at $17,022,387 over the last ninety days. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Up 0.1 %

Shares of NYSE FI traded up $0.14 during trading on Friday, reaching $150.34. 1,579,942 shares of the stock were exchanged, compared to its average volume of 2,305,582. The business’s 50-day moving average price is $153.50 and its 200 day moving average price is $143.20. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month 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 company has a market capitalization of $87.96 billion, a price-to-earnings ratio of 28.10, a price-to-earnings-growth ratio of 1.21 and a beta of 0.92.

Fiserv (NYSE:FIGet Free Report) last posted its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. The business 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%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.58 earnings per share. As a group, equities analysts forecast that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

Fiserv Company 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.

Further Reading

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Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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