Obermeyer Wood Investment Counsel Lllp Takes $363,000 Position in Fiserv, Inc. (NYSE:FI)

Obermeyer Wood Investment Counsel Lllp bought a new stake in Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,729 shares of the business services provider’s stock, valued at approximately $363,000.

A number of other hedge funds also recently modified their holdings of FI. Hollencrest Capital Management lifted its holdings in shares of Fiserv by 75.8% in the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. West Oak Capital LLC bought a new position in shares of Fiserv in the 4th quarter worth about $27,000. Halpern Financial Inc. bought a new stake in Fiserv during the 4th quarter valued at $27,000. Atlas Capital Advisors LLC increased its holdings 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 purchasing an additional 128 shares during the period. Finally, PCA Investment Advisory Services Inc. bought a new position in shares of Fiserv in the second quarter worth $27,000. Institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 23,929 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $151.79, for a total value 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 approximately $24,847,871.21. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 111,575 shares of company stock valued at $17,022,387. Insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FI. BMO Capital Markets upped their price target on shares of Fiserv from $152.00 to $157.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Barclays raised their price target on shares of Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Morgan Stanley raised their target price on shares of Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Jefferies Financial Group lifted their price target on shares of Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a research note on Monday, March 25th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $185.00 price target on shares of Fiserv in a report on Tuesday, March 26th. Six 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $158.21.

Fiserv Stock Performance

Fiserv stock traded up $0.56 during trading hours on Friday, reaching $147.47. 443,137 shares of the stock were exchanged, compared to its average volume of 2,484,538. The stock has a market cap of $86.82 billion, a P/E ratio of 29.38, a P/E/G ratio of 1.20 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. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $159.99. The firm’s 50 day moving average is $151.72 and its 200 day moving average is $136.10.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.04. The business had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.68 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.91 EPS. Analysts predict that Fiserv, Inc. will post 8.63 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.