1,039,663 Shares in Fiserv, Inc. (NYSE:FI) Acquired by Provident Trust Co.

Provident Trust Co. purchased a new position in Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,039,663 shares of the business services provider’s stock, valued at approximately $138,109,000. Fiserv accounts for about 2.8% of Provident Trust Co.’s investment portfolio, making the stock its 14th biggest position.

A number of other hedge funds also recently modified their holdings of FI. Hollencrest Capital Management raised its holdings in Fiserv by 75.8% during the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 100 shares during the period. West Oak Capital LLC bought a new stake in Fiserv during the 4th quarter valued at $27,000. Halpern Financial Inc. bought a new stake in Fiserv during the 4th quarter valued at $27,000. Fortitude Family Office LLC bought a new stake in Fiserv during the 4th quarter valued at $28,000. Finally, Glass Jacobson Investment Advisors llc bought a new stake in Fiserv during the 4th quarter valued at $31,000. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on FI shares. BNP Paribas raised shares of Fiserv from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 10th. Stephens restated an “equal weight” rating and set a $165.00 price target on shares of Fiserv in a research report on Wednesday. Jefferies Financial Group boosted their price target on shares of Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Monday, March 25th. Morgan Stanley boosted their price target 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, Citigroup boosted their price target on shares of Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and an average price target of $164.33.

Fiserv Trading Up 1.7 %

NYSE FI traded up $2.60 during trading on Friday, hitting $155.89. 3,196,489 shares of the company’s stock traded hands, compared to its average volume of 2,315,910. The stock has a fifty day moving average of $152.54 and a two-hundred day moving average of $137.74. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.04. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99. The firm has a market cap of $91.21 billion, a P/E ratio of 29.14, a PEG ratio of 1.24 and a beta of 0.91.

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

Insider Activity

In other news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 111,575 shares of company stock valued at $17,022,387. 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.