North Point Portfolio Managers Corp OH Makes New $18.35 Million Investment in Fiserv, Inc. (NYSE:FI)

North Point Portfolio Managers Corp OH bought a new stake in Fiserv, Inc. (NYSE:FIFree Report) during the fourth quarter, HoldingsChannel.com reports. The fund bought 138,143 shares of the business services provider’s stock, valued at approximately $18,351,000. Fiserv comprises 3.3% of North Point Portfolio Managers Corp OH’s investment portfolio, making the stock its 8th biggest holding.

Other hedge funds have also made changes to their positions in the company. Comerica Bank purchased a new position in shares of Fiserv in the 2nd quarter valued at $200,000. West Oak Capital LLC purchased a new stake in Fiserv during the 4th quarter worth $27,000. Halpern Financial Inc. purchased a new stake in Fiserv during the 4th quarter worth $27,000. Fortitude Family Office LLC purchased a new stake in Fiserv during the 4th quarter worth $28,000. Finally, PCA Investment Advisory Services Inc. purchased a new stake in Fiserv during the 2nd quarter worth $27,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of FI stock traded up $0.16 during midday trading on Wednesday, reaching $158.43. 359,980 shares of the company were exchanged, compared to its average volume of 2,537,973. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $159.99. The company has a market cap of $93.54 billion, a P/E ratio of 31.65, a PEG ratio of 1.29 and a beta of 0.91. The company’s 50 day moving average price is $149.34 and its two-hundred day moving average price is $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.

Fiserv (NYSE:FIGet Free Report) last released its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.04. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The company had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.68 billion. During the same period in the previous year, the firm earned $1.91 EPS. Fiserv’s revenue was up 6.2% on a year-over-year basis. On average, sell-side analysts expect that Fiserv, Inc. will post 8.62 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 63,646 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $25,209,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on FI shares. Stephens lifted their price target on shares of Fiserv from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Tigress Financial lifted their price target on shares of Fiserv from $160.00 to $175.00 and gave the company a “buy” rating in a report on Friday, December 22nd. Morgan Stanley lifted their price target on shares of Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. KeyCorp raised shares of 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. Finally, StockNews.com assumed coverage on shares of Fiserv in a report on Saturday, February 3rd. They issued a “buy” rating for the company. Seven research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.21.

Read Our Latest Research Report on FI

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.

Further Reading

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)

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