Aveo Capital Partners LLC Invests $309,000 in Fiserv, Inc. (NYSE:FI)

Aveo Capital Partners LLC bought a new position in shares of Fiserv, Inc. (NYSE:FIFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,328 shares of the business services provider’s stock, valued at approximately $309,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in FI. West Oak Capital LLC bought a new stake in Fiserv in the 4th quarter worth about $27,000. Halpern Financial Inc. bought a new stake in Fiserv in the 4th quarter worth about $27,000. Fortitude Family Office LLC bought a new stake in Fiserv in the 4th quarter worth about $28,000. 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 worth $26,000 after purchasing an additional 100 shares in the last quarter. Finally, Glass Jacobson Investment Advisors llc bought a new stake in Fiserv in the 4th quarter worth about $31,000. 90.98% of the stock is owned by institutional investors.

Fiserv Price Performance

Shares of NYSE:FI opened at $149.76 on Monday. The company’s fifty day moving average price is $152.90 and its 200-day moving average price is $144.31. The firm has a market capitalization of $87.62 billion, a price-to-earnings ratio of 27.99, a PEG ratio of 1.21 and a beta of 0.92. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06.

Fiserv (NYSE:FIGet Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping 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 revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.58 EPS. On average, equities research analysts anticipate that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal year.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 63,646 shares of the stock in a transaction on 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 owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 111,575 shares of company stock valued at $17,022,387. Insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

FI has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price objective on shares of Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Citigroup boosted their target price on shares of Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Truist Financial boosted their target price on shares of Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a research note on Wednesday, February 7th. Morgan Stanley boosted their target price on shares of Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Finally, Mizuho boosted their target price on shares of Fiserv from $156.00 to $168.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and a consensus target price of $164.83.

Check Out Our Latest Stock Report on FI

Fiserv Company 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.

See Also

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.