Advisory Services Network LLC Buys Shares of 25,302 Fiserv, Inc. (NYSE:FI)

Advisory Services Network LLC acquired a new stake in Fiserv, Inc. (NYSE:FIFree Report) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 25,302 shares of the business services provider’s stock, valued at approximately $3,361,000.

A number of other large investors also recently bought and sold shares of FI. West Oak Capital LLC purchased a new position in Fiserv in the fourth quarter worth $27,000. Halpern Financial Inc. purchased a new position in shares of Fiserv in the 4th quarter valued at about $27,000. GW&K Investment Management LLC acquired a new stake in shares of Fiserv in the fourth quarter valued at about $27,000. Fortitude Family Office LLC purchased a new stake 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. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

Fiserv stock opened at $150.34 on Monday. The stock has a fifty day moving average price of $153.50 and a 200 day moving average price of $143.36. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99. The firm has a market capitalization of $87.96 billion, a P/E ratio of 28.10, a PEG ratio of 1.21 and a beta of 0.92. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81.

Fiserv (NYSE:FIGet Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The company had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter in the prior year, the company posted $1.58 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. Equities research analysts anticipate that Fiserv, Inc. will post 8.69 earnings per share for the current year.

Insiders Place Their Bets

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 completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 111,575 shares of company stock valued at $17,022,387 over the last quarter. Company insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on FI shares. TD Cowen lifted their price target 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. Susquehanna boosted their target price on Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research report on Monday, March 25th. Jefferies Financial Group upped their target price on Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a report on Monday, March 25th. Evercore ISI reaffirmed an “outperform” rating and set a $185.00 price target on shares of Fiserv in a research note on Tuesday, March 26th. Finally, Mizuho boosted their price objective on shares of Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Six 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 a consensus rating of “Moderate Buy” and an average target price of $164.83.

Check Out Our Latest Stock Report on Fiserv

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.

Featured Stories

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)

Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.