Institute for Wealth Management LLC. Buys New Position in Fiserv, Inc. (NYSE:FI)

Institute for Wealth Management LLC. bought a new stake in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,395 shares of the business services provider’s stock, valued at approximately $850,000.

A number of other large investors have also recently bought and sold shares of the company. Piscataqua Savings Bank bought a new stake in Fiserv during the fourth quarter worth about $67,000. GHP Investment Advisors Inc. bought a new stake in shares of Fiserv during the 4th quarter worth approximately $78,000. Liberty Capital Management Inc. bought a new stake in shares of Fiserv during the 4th quarter worth approximately $7,071,000. Birch Hill Investment Advisors LLC acquired a new stake in shares of Fiserv in the 4th quarter valued at approximately $84,583,000. Finally, Graypoint LLC bought a new position in shares of Fiserv in the fourth quarter valued at $3,732,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on FI. Mizuho reiterated a “buy” rating and issued a $156.00 price target on shares of Fiserv in a research note on Wednesday, March 27th. Royal Bank of Canada raised their price objective on Fiserv from $144.00 to $158.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. KeyCorp upgraded Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 target price for the company in a research note on Monday, January 8th. Stephens increased their price target on Fiserv from $140.00 to $150.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Finally, Barclays lifted their price objective on shares of Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Six research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.21.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the company’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 transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last three months, insiders have sold 111,575 shares of company stock valued at $17,022,387. 0.75% of the stock is owned by insiders.

Fiserv Price Performance

Fiserv stock opened at $148.62 on Friday. The firm has a market cap of $87.50 billion, a PE ratio of 29.73, a price-to-earnings-growth ratio of 1.20 and a beta of 0.91. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 1.04. The stock’s fifty day moving average price is $151.81 and its two-hundred day moving average price is $136.35.

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

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.