Eley Financial Management Inc Takes Position in Fiserv, Inc. (NYSE:FI)

Eley Financial Management Inc purchased a new stake 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 fund purchased 37,281 shares of the business services provider’s stock, valued at approximately $4,952,000. Fiserv accounts for approximately 2.3% of Eley Financial Management Inc’s portfolio, making the stock its 10th biggest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of FI. Hollencrest Capital Management lifted its holdings 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 purchasing an additional 100 shares during the period. West Oak Capital LLC acquired a new stake in Fiserv in the 4th quarter valued at about $27,000. Halpern Financial Inc. acquired a new stake in Fiserv in the 4th quarter valued at about $27,000. Fortitude Family Office LLC acquired a new stake in Fiserv in the 4th quarter valued at about $28,000. Finally, Glass Jacobson Investment Advisors llc acquired a new stake in Fiserv in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of FI traded up $3.18 during mid-day trading on Friday, hitting $156.47. The company’s stock had a trading volume of 1,270,371 shares, compared to its average volume of 2,540,648. 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 0.81, a quick ratio of 1.04 and a current ratio of 1.06. The firm has a market capitalization of $92.12 billion, a PE ratio of 28.65, a price-to-earnings-growth ratio of 1.24 and a beta of 0.91. The stock’s 50-day moving average is $152.39 and its two-hundred day moving average is $137.45.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The business 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 revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.58 earnings per share. As a group, sell-side analysts anticipate that Fiserv, Inc. will post 8.67 EPS for the current year.

Insider Activity

In other news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $149.53, for a total value of $3,588,720.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $24,477,911.47. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

FI has been the topic of several recent analyst reports. Truist Financial boosted their price objective on Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a report on Wednesday, February 7th. Susquehanna boosted their price objective on Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a report on Monday, March 25th. Barclays boosted their price objective on Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Jefferies Financial Group boosted their price objective on Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a report on Monday, March 25th. Finally, Citigroup boosted their price objective on Fiserv from $171.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday. Six analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and a consensus target price of $164.33.

About Fiserv

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.