Gilliland Jeter Wealth Management LLC Takes Position in Fiserv, Inc. (NYSE:FI)

Gilliland Jeter Wealth Management LLC bought a new position in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, Holdings Channel reports. The fund bought 2,776 shares of the business services provider’s stock, valued at approximately $369,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Apeiron RIA LLC boosted its holdings in shares of Fiserv by 2.9% during the 3rd quarter. Apeiron RIA LLC now owns 3,217 shares of the business services provider’s stock worth $363,000 after buying an additional 90 shares during the period. Brighton Jones LLC boosted its holdings in shares of Fiserv by 4.0% during the 3rd quarter. Brighton Jones LLC now owns 2,385 shares of the business services provider’s stock worth $269,000 after buying an additional 92 shares during the period. Jacobi Capital Management LLC boosted its holdings in shares of Fiserv by 0.9% during the 3rd quarter. Jacobi Capital Management LLC now owns 10,099 shares of the business services provider’s stock worth $1,141,000 after buying an additional 94 shares during the period. UniSuper Management Pty Ltd boosted its holdings in shares of Fiserv by 2.3% during the 3rd quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the business services provider’s stock worth $508,000 after buying an additional 100 shares during the period. Finally, Hollencrest Capital Management boosted its holdings in Fiserv by 75.8% in the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 100 shares during the period. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 1.7 %

Shares of NYSE:FI traded up $2.60 during trading on Friday, reaching $155.89. The stock had a trading volume of 3,196,489 shares, compared to its average volume of 2,315,910. The firm’s fifty day moving average is $152.54 and its 200 day moving average is $137.74. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.04 and a current ratio of 1.06. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99. The stock has a market cap of $91.21 billion, a price-to-earnings ratio of 29.14, a P/E/G ratio of 1.24 and a beta of 0.91.

Fiserv (NYSE:FI) last issued its 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 $1.77 by $0.11. 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 16.68% and a return on equity of 15.73%. Fiserv’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.58 earnings per share. As a group, equities analysts forecast that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FI. BNP Paribas raised shares of Fiserv from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 10th. StockNews.com began coverage on shares of Fiserv in a report on Saturday, February 3rd. They issued a “buy” rating for the company. TD Cowen boosted their price objective on shares of Fiserv from $167.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday. KeyCorp boosted their target price on shares of Fiserv from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Finally, Evercore ISI reiterated an “outperform” rating and set a $185.00 price objective on shares of Fiserv in a research report on Tuesday, March 26th. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and an average price target 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.