Perigon Wealth Management LLC Takes $252,000 Position in Fiserv, Inc. (NYSE:FI)

Perigon Wealth Management LLC acquired a new stake in Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 1,900 shares of the business services provider’s stock, valued at approximately $252,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hollencrest Capital Management grew its position in Fiserv by 75.8% in 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 last quarter. West Oak Capital LLC purchased a new position in Fiserv in the 4th quarter valued at $27,000. Halpern Financial Inc. purchased a new position in Fiserv in the 4th quarter valued at $27,000. Atlas Capital Advisors LLC grew its position in 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 buying an additional 128 shares during the last quarter. Finally, PCA Investment Advisory Services Inc. purchased a new stake in shares of Fiserv during the 2nd quarter worth $27,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Mizuho restated a “buy” rating and set a $156.00 target price on shares of Fiserv in a research report on Wednesday, March 27th. Evercore ISI restated an “outperform” rating and set a $185.00 target price on shares of Fiserv in a research report on Tuesday, March 26th. BMO Capital Markets boosted their target price on shares of Fiserv from $152.00 to $157.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Susquehanna boosted their target price on shares of Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research report on Monday, March 25th. Finally, Tigress Financial boosted their target price on shares of Fiserv from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, December 22nd. Six investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and an average price target of $158.21.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 63,646 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $25,209,646. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 111,575 shares of company stock worth $17,022,387 in the last three months. Company insiders own 0.75% of the company’s stock.

Fiserv Price Performance

NYSE:FI opened at $147.13 on Thursday. The firm has a market cap of $86.62 billion, a price-to-earnings ratio of 29.43, a price-to-earnings-growth ratio of 1.21 and a beta of 0.91. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. The company’s 50-day moving average is $151.65 and its two-hundred day moving average is $136.03. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99.

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

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.