Watershed Asset Management L.L.C. Makes New $275,000 Investment in Fiserv, Inc. (NYSE:FI)

Watershed Asset Management L.L.C. bought a new position in shares of Fiserv, Inc. (NYSE:FI) in the fourth quarter, Holdings Channel reports. The firm bought 2,071 shares of the business services provider’s stock, valued at approximately $275,000.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FI. Truist Financial boosted their price target on shares of Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, February 7th. Evercore ISI reiterated an “outperform” rating and issued a $185.00 price target on shares of Fiserv in a research note on Tuesday, March 26th. Royal Bank of Canada upped their price target on shares of Fiserv from $144.00 to $158.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. StockNews.com assumed coverage on shares of Fiserv in a research note on Saturday, February 3rd. They issued a “buy” rating on the stock. Finally, Robert W. Baird upped their price target on shares of Fiserv from $168.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Six investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.79.

Fiserv Price Performance

Shares of NYSE FI traded up $6.58 during trading hours on Tuesday, hitting $155.38. 5,334,710 shares of the stock were exchanged, compared to its average volume of 2,552,451. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market cap of $91.48 billion, a PE ratio of 31.08, a price-to-earnings-growth ratio of 1.21 and a beta of 0.91. The company’s fifty day simple moving average is $152.14 and its two-hundred day simple moving average is $137.23. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $159.99.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.09. The business had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 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 7.4% on a year-over-year basis. During the same quarter last year, the business posted $1.58 EPS. On average, sell-side analysts predict that Fiserv, Inc. will post 8.63 EPS for the current year.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 63,646 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were 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. Insiders sold a total of 111,575 shares of company stock valued at $17,022,387 in the last quarter. Insiders own 0.75% of the company’s stock.

Fiserv 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.