Ifrah Financial Services Inc. Invests $1.42 Million in Fiserv, Inc. (NYSE:FI)

Ifrah Financial Services Inc. purchased a new stake in Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,690 shares of the business services provider’s stock, valued at approximately $1,420,000.

Other hedge funds also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Fiserv by 2.2% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 57,966 shares of the business services provider’s stock valued at $6,548,000 after purchasing an additional 1,256 shares during the last quarter. Pinnacle Associates Ltd. boosted its holdings in shares of Fiserv by 5.7% in the third quarter. Pinnacle Associates Ltd. now owns 14,110 shares of the business services provider’s stock valued at $1,594,000 after acquiring an additional 764 shares during the period. FinTrust Capital Advisors LLC grew its position in shares of Fiserv by 121.2% during the third quarter. FinTrust Capital Advisors LLC now owns 1,219 shares of the business services provider’s stock worth $138,000 after acquiring an additional 668 shares during the last quarter. Stratos Wealth Partners LTD. increased its holdings in shares of Fiserv by 5.6% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 8,363 shares of the business services provider’s stock valued at $945,000 after acquiring an additional 441 shares during the period. Finally, Independent Advisor Alliance raised its position in Fiserv by 40.0% in the 3rd quarter. Independent Advisor Alliance now owns 8,080 shares of the business services provider’s stock valued at $913,000 after purchasing an additional 2,309 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, COO Guy Chiarello sold 23,929 shares of the business’s stock in a transaction 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 transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 111,575 shares of company stock valued at $17,022,387. Corporate insiders own 0.75% of the company’s stock.

Fiserv Trading Up 0.0 %

Shares of NYSE FI traded up $0.05 during trading on Friday, hitting $149.22. 2,942,846 shares of the company traded hands, compared to its average volume of 2,577,646. The firm 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 quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. 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 issued its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. The business had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.58 EPS. On average, equities analysts predict that Fiserv, Inc. will post 8.69 EPS for the current year.

Wall Street Analyst Weigh In

FI has been the subject of a number of recent research reports. Stephens reaffirmed an “equal weight” rating and set a $165.00 price objective on shares of Fiserv in a research report on Wednesday, April 24th. Royal Bank of Canada lifted their price objective on shares of Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. StockNews.com started coverage on shares of Fiserv in a research report on Saturday, February 3rd. They set a “buy” rating for the company. B. Riley lifted their target price on shares of Fiserv from $176.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, UBS Group increased their price target on shares of Fiserv from $170.00 to $185.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $164.33.

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.