Arcadia Investment Management Corp MI Takes $104,000 Position in Fiserv, Inc. (NYSE:FI)

Arcadia Investment Management Corp MI bought a new position in Fiserv, Inc. (NYSE:FI) in the fourth quarter, Holdings Channel reports. The firm bought 781 shares of the business services provider’s stock, valued at approximately $104,000.

Several other large investors also recently bought and sold shares of FI. Brighton Jones LLC boosted its position 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 buying an additional 92 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Fiserv by 5.5% in the 3rd quarter. Park Avenue Securities LLC now owns 17,755 shares of the business services provider’s stock valued at $2,006,000 after acquiring an additional 919 shares during the last quarter. Gradient Investments LLC increased its stake in shares of Fiserv by 21.0% in the third quarter. Gradient Investments LLC now owns 2,785 shares of the business services provider’s stock worth $315,000 after acquiring an additional 483 shares during the period. TIAA Trust National Association purchased a new position in shares of Fiserv during the third quarter worth $1,553,000. Finally, BSW Wealth Partners lifted its position in Fiserv by 28.2% during the third quarter. BSW Wealth Partners now owns 2,567 shares of the business services provider’s stock valued at $290,000 after purchasing an additional 565 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

FI has been the topic of several analyst reports. KeyCorp lifted their price objective on Fiserv from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. B. Riley boosted their price target on Fiserv from $176.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Royal Bank of Canada raised their price objective on shares of Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Barclays boosted their target price on shares of Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Finally, StockNews.com assumed coverage on shares of Fiserv in a research report on Saturday, February 3rd. They set a “buy” rating on the stock. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $164.33.

Insider Buying and Selling

In other news, COO Guy Chiarello sold 63,646 shares of the business’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 transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is owned by corporate insiders.

Fiserv Price Performance

Shares of Fiserv stock traded up $1.38 during trading hours on Thursday, reaching $154.67. 2,350,170 shares of the company’s stock were exchanged, compared to its average volume of 2,555,392. The business has a fifty day moving average of $152.89 and a two-hundred day moving average of $140.06. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $90.50 billion, a P/E ratio of 28.91, a price-to-earnings-growth ratio of 1.20 and a beta of 0.92. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $159.99.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 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 company had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter in the prior year, the firm earned $1.58 EPS. Fiserv’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, research analysts predict that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal year.

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.