Financial Counselors Inc. Buys New Holdings in Fiserv, Inc. (NYSE:FI)

Financial Counselors Inc. bought a new stake in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,951 shares of the business services provider’s stock, valued at approximately $392,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Hollencrest Capital Management raised its holdings in Fiserv by 75.8% during the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. West Oak Capital LLC acquired a new stake in Fiserv during the fourth quarter worth approximately $27,000. Halpern Financial Inc. acquired a new stake in Fiserv during the fourth quarter worth approximately $27,000. Atlas Capital Advisors LLC increased its holdings in shares of Fiserv by 71.9% in the 2nd quarter. Atlas Capital Advisors LLC now owns 306 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 128 shares during the period. Finally, PCA Investment Advisory Services Inc. acquired a new position in shares of Fiserv in the 2nd quarter valued at $27,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $149.53, for a total value of $3,588,720.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,477,911.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 18.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FI has been the topic of a number of recent research reports. Morgan Stanley lifted their target price on shares of Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Barclays lifted their target price on shares of Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Mizuho reaffirmed a “buy” rating and issued a $156.00 target price on shares of Fiserv in a report on Wednesday, March 27th. B. Riley lifted their target price on shares of Fiserv from $152.00 to $176.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Finally, Robert W. Baird lifted their target price on shares of Fiserv from $168.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Six equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $158.21.

Fiserv Price Performance

Shares of NYSE FI opened at $151.20 on Friday. The firm has a market capitalization of $89.02 billion, a P/E ratio of 30.24, a PEG ratio of 1.26 and a beta of 0.91. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99. The company’s fifty day moving average is $151.38 and its two-hundred day moving average is $135.31. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.04.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, February 6th. The business services provider reported $2.19 EPS for the quarter, topping the consensus estimate of $2.15 by $0.04. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The company had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same period in the previous year, the firm earned $1.91 EPS. The business’s revenue was up 6.2% on a year-over-year basis. Analysts forecast that Fiserv, Inc. will post 8.62 EPS for the current fiscal year.

About Fiserv

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.