Everence Capital Management Inc. Acquires New Position in Fiserv, Inc. (NYSE:FI)

Everence Capital Management Inc. acquired a new stake in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 19,746 shares of the business services provider’s stock, valued at approximately $2,623,000.

Several other large investors also recently bought and sold shares of FI. AMI Investment Management Inc. increased its stake in Fiserv by 33.6% during the first quarter. AMI Investment Management Inc. now owns 27,999 shares of the business services provider’s stock worth $2,839,000 after acquiring an additional 7,047 shares during the last quarter. American Century Companies Inc. increased its stake in Fiserv by 10.4% during the first quarter. American Century Companies Inc. now owns 9,227 shares of the business services provider’s stock worth $936,000 after acquiring an additional 870 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Fiserv by 158.2% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 963 shares of the business services provider’s stock worth $98,000 after acquiring an additional 590 shares during the last quarter. Prudential PLC acquired a new stake in Fiserv during the first quarter worth $1,095,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in Fiserv during the first quarter worth $357,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on FI. Royal Bank of Canada raised their target price on Fiserv from $144.00 to $158.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. KeyCorp raised Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 price objective for the company in a research note on Monday, January 8th. Stephens lifted their price objective on Fiserv from $140.00 to $150.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Evercore ISI reaffirmed an “outperform” rating and issued a $185.00 price objective on shares of Fiserv in a research note on Tuesday, March 26th. Finally, Oppenheimer raised Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price objective for the company in a research note on Thursday, January 11th. Six equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $158.21.

Insider Activity

In other news, COO Guy Chiarello sold 63,646 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total value of $9,801,484.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.75% of the company’s stock.

Fiserv Stock Down 1.2 %

NYSE FI traded down $1.79 during trading on Tuesday, reaching $146.40. 3,242,269 shares of the company’s stock were exchanged, compared to its average volume of 2,513,377. The stock has a market cap of $86.19 billion, a P/E ratio of 29.64, a price-to-earnings-growth ratio of 1.24 and a beta of 0.91. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.04. The company has a 50 day moving average price of $151.46 and a two-hundred day moving average price of $135.71. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $159.99.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.04. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The business had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.68 billion. During the same period in the previous year, the business earned $1.91 EPS. The business’s quarterly revenue was up 6.2% on a year-over-year basis. On average, equities research analysts anticipate that Fiserv, Inc. will post 8.62 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.