Forte Capital LLC ADV Acquires New Stake in Fiserv, Inc. (NYSE:FI)

Forte Capital LLC ADV acquired a new stake in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,047 shares of the business services provider’s stock, valued at approximately $405,000.

A number of other large investors have also made changes to their positions in FI. Hollencrest Capital Management boosted its stake in shares of Fiserv by 75.8% during the third 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 last quarter. West Oak Capital LLC acquired a new stake in Fiserv in the 4th quarter worth about $27,000. Halpern Financial Inc. acquired a new stake in Fiserv in the 4th quarter worth about $27,000. Fortitude Family Office LLC acquired a new stake in Fiserv in the 4th quarter worth about $28,000. Finally, Glass Jacobson Investment Advisors llc acquired a new stake in Fiserv in the 4th quarter worth about $31,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Up 0.0 %

FI stock traded up $0.05 during midday trading on Friday, hitting $149.22. 2,942,846 shares of the company’s stock were exchanged, compared to its average volume of 2,577,646. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99. The firm has a 50 day moving average price of $152.74 and a 200-day moving average price of $139.04. The stock has a market capitalization of $87.31 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 1.20 and a beta of 0.92.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping the consensus estimate of $1.77 by $0.11. The company 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%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.58 EPS. On average, analysts anticipate that Fiserv, Inc. will post 8.69 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on FI shares. Barclays raised their price target on Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. TD Cowen raised their price target on Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Stephens restated an “equal weight” rating and issued a $165.00 price objective on shares of Fiserv in a report on Wednesday, April 24th. Susquehanna raised 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. Finally, Oppenheimer upgraded Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price objective on the stock in a report on Thursday, January 11th. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $164.33.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred 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 transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,477,911.47. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last quarter, insiders sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is currently owned by corporate insiders.

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.