Goodman Advisory Group LLC Acquires Shares of 395 Fiserv, Inc. (NYSE:FI)

Goodman Advisory Group LLC acquired a new stake in Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 395 shares of the business services provider’s stock, valued at approximately $52,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hollencrest Capital Management increased its stake in shares of Fiserv by 75.8% in the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after acquiring an additional 100 shares during the last quarter. West Oak Capital LLC purchased a new position in Fiserv during the 4th quarter valued at about $27,000. Halpern Financial Inc. purchased a new position in Fiserv during the 4th quarter valued at about $27,000. Atlas Capital Advisors LLC boosted its holdings in Fiserv by 71.9% during the 2nd quarter. Atlas Capital Advisors LLC now owns 306 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 128 shares during the period. Finally, PCA Investment Advisory Services Inc. purchased a new position in Fiserv during the 2nd quarter valued at about $27,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Stephens raised their target price on Fiserv from $140.00 to $150.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Evercore ISI reiterated an “outperform” rating and issued a $185.00 price objective on shares of Fiserv in a research note on Tuesday, March 26th. B. Riley lifted their price objective on Fiserv from $152.00 to $176.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Barclays lifted their price objective on Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Finally, BNP Paribas upgraded Fiserv from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 10th. Six analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $158.21.

Fiserv Stock Performance

FI traded down $1.79 during trading on Wednesday, hitting $146.40. 3,294,098 shares of the stock were exchanged, compared to its average volume of 2,185,764. The firm has a market capitalization of $86.19 billion, a P/E ratio of 29.28, a PEG ratio of 1.21 and a beta of 0.91. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $159.99. The stock has a fifty day moving average price of $151.56 and a two-hundred day moving average price of $135.95. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 EPS for the quarter, topping the consensus estimate of $2.15 by $0.04. The company had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.68 billion. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.91 earnings per share. As a group, sell-side analysts predict that Fiserv, Inc. will post 8.62 earnings per share for the current year.

Insider Activity

In other news, COO Guy Chiarello sold 63,646 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total value of $9,801,484.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,209,646. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.75% of the company’s stock.

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.