Jackson Creek Investment Advisors LLC Invests $231,000 in Fiserv, Inc. (NYSE:FI)

Jackson Creek Investment Advisors LLC bought a new position in Fiserv, Inc. (NYSE:FI) during the fourth quarter, HoldingsChannel reports. The fund bought 1,740 shares of the business services provider’s stock, valued at approximately $231,000.

Several other hedge funds have also bought and sold shares of FI. Hollencrest Capital Management increased its stake 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 worth $26,000 after purchasing an additional 100 shares in the last quarter. West Oak Capital LLC bought a new position in Fiserv in the 4th quarter worth $27,000. Halpern Financial Inc. purchased a new stake in Fiserv in the 4th quarter worth $27,000. Fortitude Family Office LLC bought a new stake in Fiserv during the fourth quarter valued at about $28,000. Finally, Glass Jacobson Investment Advisors llc bought a new position in Fiserv in the 4th quarter worth approximately $31,000. Institutional investors own 90.98% of the company’s stock.

Insider Activity

In related news, COO Guy Chiarello sold 63,646 shares of Fiserv 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 sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $25,209,646. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 111,575 shares of company stock worth $17,022,387 over the last three months. 0.75% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

FI has been the subject of a number of research reports. Citigroup upped their target price on shares of Fiserv from $171.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. KeyCorp increased their target price on Fiserv from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. StockNews.com assumed coverage on shares of Fiserv in a research report on Saturday, February 3rd. They issued a “buy” rating on the stock. Morgan Stanley increased their price objective on shares of Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Finally, Susquehanna boosted their target price on shares of Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a report on Monday, March 25th. 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.

Fiserv Stock Down 2.5 %

Fiserv stock opened at $148.86 on Thursday. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99. The firm has a market cap of $87.10 billion, a price-to-earnings ratio of 27.82, a price-to-earnings-growth ratio of 1.23 and a beta of 0.92. The business’s 50-day moving average price is $152.79 and its 200 day moving average price is $138.72. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The firm had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the previous year, the business posted $1.58 EPS. The business’s revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Fiserv, Inc. will post 8.69 earnings per share for the current 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.