Bfsg LLC Makes New $46,000 Investment in Fiserv, Inc. (NYSE:FI)

Bfsg LLC purchased a new position in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 344 shares of the business services provider’s stock, valued at approximately $46,000.

Several other hedge funds also recently bought and sold shares of FI. DAVENPORT & Co LLC increased its position in Fiserv by 18.0% during the third quarter. DAVENPORT & Co LLC now owns 13,128 shares of the business services provider’s stock worth $1,483,000 after buying an additional 2,002 shares in the last quarter. Exchange Traded Concepts LLC increased its position in Fiserv by 22.3% during the third quarter. Exchange Traded Concepts LLC now owns 10,189 shares of the business services provider’s stock worth $1,151,000 after buying an additional 1,859 shares in the last quarter. Private Trust Co. NA increased its position in Fiserv by 60.4% during the third quarter. Private Trust Co. NA now owns 2,180 shares of the business services provider’s stock worth $246,000 after buying an additional 821 shares in the last quarter. UMB Bank n.a. increased its position in Fiserv by 1.0% during the third quarter. UMB Bank n.a. now owns 15,425 shares of the business services provider’s stock worth $1,742,000 after buying an additional 147 shares in the last quarter. Finally, Czech National Bank boosted its holdings in shares of Fiserv by 45.8% during the third quarter. Czech National Bank now owns 106,548 shares of the business services provider’s stock worth $12,036,000 after purchasing an additional 33,470 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Up 0.7 %

Shares of Fiserv stock opened at $153.29 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The firm has a market cap of $90.25 billion, a P/E ratio of 28.65, a P/E/G ratio of 1.24 and a beta of 0.91. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The business has a 50-day moving average price of $152.39 and a 200 day moving average price of $137.45.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.11. The firm had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. Fiserv’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.58 earnings per share. On average, sell-side analysts forecast that Fiserv, Inc. will post 8.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on FI. Royal Bank of Canada raised their price objective on Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday. BNP Paribas upgraded Fiserv from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 10th. KeyCorp raised their price objective on Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday. Robert W. Baird raised their price objective on Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, StockNews.com began coverage on Fiserv in a report on Saturday, February 3rd. They set a “buy” rating on the stock. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and an average price target of $164.33.

Insider Activity

In other news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was 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 directly owns 163,699 shares of the company’s stock, valued at $25,209,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 111,575 shares of company stock valued at $17,022,387. 0.75% of the stock is currently owned by insiders.

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.