3,295 Shares in Fiserv, Inc. (NYSE:FI) Acquired by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC bought a new position in shares of Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,295 shares of the business services provider’s stock, valued at approximately $438,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hollencrest Capital Management grew its position in Fiserv by 75.8% in the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after buying an additional 100 shares during the last quarter. West Oak Capital LLC acquired a new position in Fiserv in the fourth quarter worth approximately $27,000. Halpern Financial Inc. acquired a new position in Fiserv in the fourth quarter worth approximately $27,000. Atlas Capital Advisors LLC grew its position in 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 position in Fiserv in the second quarter worth approximately $27,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Up 1.2 %

Fiserv stock opened at $148.63 on Friday. The firm has a market cap of $87.51 billion, a price-to-earnings ratio of 29.73, 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 current ratio of 1.04 and a quick ratio of 1.04. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The firm has a fifty day moving average price of $151.81 and a two-hundred day moving average price of $136.35.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 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 analyst estimates of $4.68 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.91 earnings per share. As a group, analysts forecast that Fiserv, Inc. will post 8.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

FI has been the topic of several research analyst reports. B. Riley lifted their price objective on shares of Fiserv from $152.00 to $176.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Stephens lifted their price objective on shares of Fiserv from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Mizuho reiterated a “buy” rating and set a $156.00 price objective on shares of Fiserv in a research report on Wednesday, March 27th. StockNews.com began coverage on shares of Fiserv in a research report on Saturday, February 3rd. They set a “buy” rating on the stock. Finally, KeyCorp upgraded shares of Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 price target on the stock in a report on Monday, January 8th. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $158.21.

Insider Activity

In other news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,209,646. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 111,575 shares of company stock valued at $17,022,387. 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.