Gradient Investments LLC Takes $350,000 Position in Fiserv, Inc. (NYSE:FI)

Gradient Investments LLC purchased a new stake in shares of Fiserv, Inc. (NYSE:FIFree Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,635 shares of the business services provider’s stock, valued at approximately $350,000.

Other institutional investors have also recently made changes to their positions in the company. Hollencrest Capital Management raised its position in shares of 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 buying an additional 100 shares during the period. West Oak Capital LLC purchased a new stake in shares of Fiserv during the 4th quarter valued at approximately $27,000. Atlas Capital Advisors LLC raised its position in shares of Fiserv by 71.9% during the 2nd quarter. Atlas Capital Advisors LLC now owns 306 shares of the business services provider’s stock valued at $27,000 after buying an additional 128 shares during the period. PCA Investment Advisory Services Inc. acquired a new stake in Fiserv in the 2nd quarter valued at approximately $27,000. Finally, Sunbelt Securities Inc. acquired a new stake in Fiserv in the 1st quarter valued at approximately $27,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 63,646 shares of the business’s stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $25,209,646. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 18.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Oppenheimer upgraded shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 target price for the company in a report on Thursday, January 11th. Jefferies Financial Group lifted their target price on shares of Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a report on Monday, March 25th. Royal Bank of Canada lifted their target price on shares of Fiserv from $144.00 to $158.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Barclays lifted their target price on shares of Fiserv from $150.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, February 12th. Finally, StockNews.com initiated coverage on shares of Fiserv in a report on Saturday, February 3rd. They issued a “buy” rating for the company. Seven investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $155.83.

View Our Latest Stock Report on FI

Fiserv Price Performance

Fiserv stock opened at $159.82 on Friday. The stock has a market cap of $94.36 billion, a P/E ratio of 31.96, a price-to-earnings-growth ratio of 1.30 and a beta of 0.91. The company has a fifty day simple moving average of $148.62 and a 200-day simple moving average of $132.65. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99. 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 (NYSE:FIGet Free Report) last released its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.04. The business had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.68 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.91 EPS. Equities analysts expect that Fiserv, Inc. will post 8.62 EPS for the current fiscal year.

About Fiserv

(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.

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Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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