Baxter Bros Inc. Acquires Shares of 39,000 Fiserv, Inc. (NYSE:FI)

Baxter Bros Inc. bought a new position in Fiserv, Inc. (NYSE:FI) during the 4th quarter, Holdings Channel.com reports. The fund bought 39,000 shares of the business services provider’s stock, valued at approximately $5,181,000.

Several other institutional investors also recently bought and sold shares of FI. Meritage Portfolio Management bought a new position in Fiserv during the fourth quarter valued at approximately $995,000. Piscataqua Savings Bank bought a new stake in Fiserv in the fourth quarter worth $67,000. GHP Investment Advisors Inc. purchased a new stake in Fiserv during the fourth quarter valued at $78,000. Liberty Capital Management Inc. bought a new position in Fiserv during the fourth quarter valued at $7,071,000. Finally, Birch Hill Investment Advisors LLC purchased a new position in shares of Fiserv in the 4th quarter worth $84,583,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, COO Guy Chiarello sold 23,929 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $151.79, for a total value of $3,632,182.91. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,847,871.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have sold 111,575 shares of company stock valued at $17,022,387. Insiders own 0.75% of the company’s stock.

Fiserv Stock Up 0.0 %

Shares of Fiserv stock traded up $0.05 on Friday, reaching $149.22. The stock had a trading volume of 2,942,846 shares, compared to its average volume of 2,577,646. 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 capitalization of $87.31 billion, a P/E ratio of 27.89, a P/E/G ratio of 1.20 and a beta of 0.92. The company has a 50 day moving average price of $152.74 and a 200 day moving average price of $139.04. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $159.99.

Fiserv (NYSE:FI) last posted its quarterly earnings data 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. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The firm had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter last year, the firm earned $1.58 EPS. The business’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, equities research analysts forecast that Fiserv, Inc. will post 8.69 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on FI shares. Royal Bank of Canada raised their price objective on Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Barclays lifted their price objective on shares of Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Robert W. Baird raised their target price on shares of Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Oppenheimer upgraded shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price target on the stock in a report on Thursday, January 11th. Finally, Susquehanna boosted their target price on Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research report on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $164.33.

Fiserv 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.