River Global Investors LLP Purchases New Holdings in Fiserv, Inc. (NYSE:FI)

River Global Investors LLP purchased a new stake in Fiserv, Inc. (NYSE:FI) in the fourth quarter, Holdings Channel.com reports. The firm purchased 62,654 shares of the business services provider’s stock, valued at approximately $8,323,000. Fiserv accounts for about 1.6% of River Global Investors LLP’s investment portfolio, making the stock its 11th largest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FI. Hollencrest Capital Management raised its stake in 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 buying an additional 100 shares in the last quarter. West Oak Capital LLC acquired a new stake in Fiserv during the fourth quarter valued at approximately $27,000. Halpern Financial Inc. acquired a new stake in Fiserv during the fourth quarter valued at approximately $27,000. Fortitude Family Office LLC acquired a new stake in Fiserv during the fourth quarter valued at approximately $28,000. Finally, Glass Jacobson Investment Advisors llc acquired a new stake in Fiserv during the fourth quarter valued at approximately $31,000. Hedge funds and other 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 transaction of $9,801,484.00. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $25,209,646. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last ninety days, insiders have sold 111,575 shares of company stock valued at $17,022,387. 0.75% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FI. Mizuho reiterated a “buy” rating and set a $156.00 price target on shares of Fiserv in a research report on Wednesday, March 27th. B. Riley increased their price target on Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. StockNews.com began coverage on Fiserv in a research report on Saturday, February 3rd. They set a “buy” rating on the stock. Jefferies Financial Group increased their price target on Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Monday, March 25th. Finally, Robert W. Baird increased their price target on Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.33.

Fiserv Stock Up 0.0 %

Shares of NYSE:FI traded up $0.05 during midday trading on Friday, hitting $149.22. 2,942,846 shares of the stock were exchanged, compared to its average volume of 2,577,646. The company has a market capitalization of $87.31 billion, a PE ratio of 27.89, a P/E/G ratio of 1.20 and a beta of 0.92. The business’s fifty day simple moving average is $152.74 and its two-hundred day simple moving average is $139.04. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $159.99. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06.

Fiserv (NYSE:FI) last issued its quarterly 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. The company had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $1.58 earnings per share. As a group, research analysts predict that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal 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.