1832 Asset Management L.P. Buys New Position in Fiserv, Inc. (NYSE:FI)

1832 Asset Management L.P. acquired a new position in Fiserv, Inc. (NYSE:FIFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 62,871 shares of the business services provider’s stock, valued at approximately $8,352,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Meritage Portfolio Management purchased a new position in Fiserv in the fourth quarter worth $995,000. Piscataqua Savings Bank bought a new stake in shares of Fiserv in the fourth quarter valued at $67,000. GHP Investment Advisors Inc. bought a new stake in shares of Fiserv in the fourth quarter valued at $78,000. Liberty Capital Management Inc. bought a new stake in shares of Fiserv in the fourth quarter valued at $7,071,000. Finally, Birch Hill Investment Advisors LLC bought a new stake in shares of Fiserv in the fourth quarter valued at $84,583,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Up 0.6 %

Shares of NYSE:FI opened at $151.45 on Friday. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $159.99. The firm has a market capitalization of $88.61 billion, a P/E ratio of 28.31, a P/E/G ratio of 1.21 and a beta of 0.93. The stock has a 50 day moving average price of $151.97 and a 200-day moving average price of $144.91. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06.

Fiserv (NYSE:FIGet Free Report) last announced its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The firm had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same quarter in the prior year, the company earned $1.58 EPS. The business’s revenue was up 7.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 63,646 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the completion of 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 filing with the SEC, which can be accessed through this link. Insiders sold a total of 111,575 shares of company stock valued at $17,022,387 in the last 90 days. Corporate insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

FI has been the topic of several research reports. Susquehanna boosted their target price on Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research note on Monday, March 25th. Jefferies Financial Group boosted their price objective on Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Monday, March 25th. TD Cowen boosted their price objective on Fiserv from $167.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Evercore ISI reiterated an “outperform” rating and set a $185.00 price objective on shares of Fiserv in a research note on Tuesday, March 26th. Finally, UBS Group boosted their price objective on Fiserv from $170.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Six analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $164.83.

Get Our Latest Stock Report on FI

Fiserv 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.

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Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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