Sigma Planning Corp Makes New Investment in Fiserv, Inc. (NYSE:FI)

Sigma Planning Corp acquired a new position in Fiserv, Inc. (NYSE:FI) in the 4th quarter, HoldingsChannel reports. The fund acquired 2,032 shares of the business services provider’s stock, valued at approximately $270,000.

Several other institutional investors have also added to or reduced their stakes in FI. Piscataqua Savings Bank bought a new stake in shares of Fiserv during the fourth quarter valued at approximately $67,000. GHP Investment Advisors Inc. bought a new stake in shares of Fiserv during the fourth quarter valued at approximately $78,000. Liberty Capital Management Inc. bought a new stake in shares of Fiserv during the fourth quarter valued at approximately $7,071,000. Birch Hill Investment Advisors LLC bought a new stake in shares of Fiserv during the fourth quarter valued at approximately $84,583,000. Finally, Graypoint LLC bought a new stake in shares of Fiserv during the fourth quarter valued at approximately $3,732,000. Institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on FI shares. Stephens reaffirmed an “equal weight” rating and set a $165.00 price target on shares of Fiserv in a research note on Wednesday, April 24th. 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 note 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 report on Wednesday, April 24th. Jefferies Financial Group lifted their price objective on shares of Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a report on Monday, March 25th. Finally, BNP Paribas raised shares of Fiserv from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 10th. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and a consensus target price of $164.33.

Insider Activity

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 sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 111,575 shares of company stock valued at $17,022,387 over the last ninety days. 0.75% of the stock is currently owned by insiders.

Fiserv Price Performance

NYSE FI opened at $155.89 on Monday. The firm’s fifty day simple moving average is $152.54 and its two-hundred day simple moving average is $138.07. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.81. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99. The firm has a market capitalization of $91.21 billion, a P/E ratio of 29.14, a P/E/G ratio of 1.26 and a beta of 0.91.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The firm had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.58 earnings per share. Analysts forecast that Fiserv, Inc. will post 8.69 EPS for the current fiscal 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.