AJOVista LLC Makes New Investment in Fiserv, Inc. (NYSE:FI)

AJOVista LLC bought a new position in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 811 shares of the business services provider’s stock, valued at approximately $108,000.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in Fiserv by 4.0% in the third quarter. Brighton Jones LLC now owns 2,385 shares of the business services provider’s stock valued at $269,000 after acquiring an additional 92 shares during the period. Jacobi Capital Management LLC boosted its position in Fiserv by 0.9% during the 3rd quarter. Jacobi Capital Management LLC now owns 10,099 shares of the business services provider’s stock valued at $1,141,000 after purchasing an additional 94 shares during the period. UniSuper Management Pty Ltd grew its stake in 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 last quarter. Hollencrest Capital Management increased its position in Fiserv by 75.8% in the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after buying an additional 100 shares during the period. Finally, Argonautica Private Wealth Management Inc. lifted its stake in Fiserv by 2.5% in the third quarter. Argonautica Private Wealth Management Inc. now owns 4,128 shares of the business services provider’s stock valued at $466,000 after buying an additional 101 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FI. B. Riley increased their price objective on shares of Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Royal Bank of Canada lifted their price target on Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Citigroup increased their price objective on Fiserv from $171.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Oppenheimer raised Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 target price on the stock in a research note on Thursday, January 11th. 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 note on Wednesday, April 24th. Six investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.33.

Fiserv Trading Up 0.0 %

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

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The business had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. During the same quarter in the previous year, the business earned $1.58 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. Analysts predict that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Guy Chiarello sold 23,929 shares of Fiserv stock in a transaction on Monday, April 15th. The stock was sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $24,847,871.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 111,575 shares of company stock worth $17,022,387 over the last quarter. Corporate insiders own 0.75% of the company’s stock.

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.