Cutter & CO Brokerage Inc. Purchases Shares of 1,778 Fiserv, Inc. (NYSE:FI)

Cutter & CO Brokerage Inc. purchased a new stake in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,778 shares of the business services provider’s stock, valued at approximately $236,000.

Several other institutional investors also recently modified their holdings of the stock. West Oak Capital LLC acquired a new stake in Fiserv during the 4th quarter valued at $27,000. Halpern Financial Inc. acquired a new stake in Fiserv during the 4th quarter valued at $27,000. Fortitude Family Office LLC acquired a new stake in Fiserv during the 4th quarter valued at $28,000. Hollencrest Capital Management raised its stake 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 purchasing an additional 100 shares during the period. Finally, Glass Jacobson Investment Advisors llc acquired a new stake in Fiserv during the 4th quarter valued at $31,000. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on FI shares. UBS Group boosted their target price on shares of Fiserv from $170.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday. BNP Paribas upgraded shares of Fiserv from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 10th. Evercore ISI restated an “outperform” rating and set a $185.00 price target on shares of Fiserv in a report on Tuesday, March 26th. Susquehanna boosted their price target on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a report on Monday, March 25th. Finally, TD Cowen boosted their price target on shares of Fiserv from $167.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday. Six 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 presently has an average rating of “Moderate Buy” and a consensus price target of $163.08.

Fiserv Stock Performance

Fiserv stock traded down $2.38 on Wednesday, reaching $153.01. 1,229,339 shares of the stock were exchanged, compared to its average volume of 2,534,328. The stock has a market cap of $90.09 billion, a PE ratio of 30.54, a PEG ratio of 1.22 and a beta of 0.91. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99. The firm has a fifty day moving average price of $152.14 and a two-hundred day moving average price of $137.23.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. The firm had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.58 EPS. Sell-side analysts anticipate that Fiserv, Inc. will post 8.63 EPS for the current year.

Insider Activity

In other news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,209,646. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 111,575 shares of company stock valued at $17,022,387. Insiders own 0.75% of the company’s stock.

Fiserv Company Profile

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.