Eukles Asset Management Purchases Shares of 6,172 Fiserv, Inc. (NYSE:FI)

Eukles Asset Management acquired a new position in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,172 shares of the business services provider’s stock, valued at approximately $820,000.

Other large investors have also recently made changes to their positions in the company. Hollencrest Capital Management raised its holdings in shares of Fiserv by 75.8% during the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. West Oak Capital LLC purchased a new position in shares of Fiserv during the 4th quarter valued at about $27,000. Halpern Financial Inc. acquired a new position in shares of Fiserv in the 4th quarter valued at about $27,000. Atlas Capital Advisors LLC boosted its stake in shares of Fiserv by 71.9% in the second quarter. Atlas Capital Advisors LLC now owns 306 shares of the business services provider’s stock worth $27,000 after buying an additional 128 shares during the last quarter. Finally, PCA Investment Advisory Services Inc. acquired a new stake in Fiserv during the second quarter worth about $27,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Trading Up 0.7 %

Fiserv stock traded up $1.00 during midday trading on Friday, reaching $147.91. 1,190,097 shares of the stock traded hands, compared to its average volume of 2,495,042. 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 firm has a market cap of $87.08 billion, a PE ratio of 29.38, a price-to-earnings-growth ratio of 1.20 and a beta of 0.91. The company has a 50-day simple moving average of $151.72 and a two-hundred day simple moving average of $136.10. 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, beating analysts’ consensus estimates of $2.15 by $0.04. The firm had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.68 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.91 earnings per share. Research analysts expect that Fiserv, Inc. will post 8.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FI has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price target on Fiserv from $152.00 to $157.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Robert W. Baird lifted their target price on shares of Fiserv from $168.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. B. Riley lifted their price objective on Fiserv from $152.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. BNP Paribas upgraded Fiserv from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 10th. Finally, Tigress Financial raised their target price on Fiserv from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, December 22nd. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $158.21.

Insider Buying and Selling at Fiserv

In related news, COO Guy Chiarello sold 63,646 shares of Fiserv stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total value of $9,801,484.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $25,209,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 111,575 shares of company stock valued at $17,022,387 in the last quarter. Corporate insiders own 0.75% of the company’s stock.

Fiserv Company 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.