Latitude Advisors LLC Acquires New Position in Fiserv, Inc. (NYSE:FI)

Latitude Advisors LLC acquired a new stake in shares of Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,527 shares of the business services provider’s stock, valued at approximately $203,000.

A number of other hedge funds also recently made changes to their positions in the stock. Piscataqua Savings Bank purchased a new position in shares of Fiserv in the 4th quarter valued at $67,000. GHP Investment Advisors Inc. purchased a new stake in shares of Fiserv during the fourth quarter valued at approximately $78,000. Liberty Capital Management Inc. acquired a new position in shares of Fiserv during the fourth quarter worth $7,071,000. Birch Hill Investment Advisors LLC purchased a new position in shares of Fiserv in the fourth quarter valued at $84,583,000. Finally, Graypoint LLC acquired a new stake in Fiserv during the 4th quarter valued at $3,732,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on FI. Barclays upped their price objective on shares of Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. B. Riley increased their target price on Fiserv from $152.00 to $176.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. KeyCorp upgraded shares of Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 price objective on the stock in a research note on Monday, January 8th. Jefferies Financial Group upped their target price on shares of Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Monday, March 25th. Finally, Tigress Financial lifted their price target on Fiserv from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, December 22nd. Six research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.21.

Fiserv Trading Up 0.5 %

Shares of NYSE:FI opened at $147.13 on Thursday. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. The firm has a market cap of $86.62 billion, a P/E ratio of 29.43, a P/E/G ratio of 1.20 and a beta of 0.91. The company has a 50 day moving average of $151.65 and a 200-day moving average of $136.03.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.04. The company had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.68 billion. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the firm earned $1.91 EPS. As a group, analysts anticipate that Fiserv, Inc. will post 8.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 63,646 shares of Fiserv stock in a transaction that occurred on Wednesday, March 20th. The shares were 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 approximately $25,209,646. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders sold 111,575 shares of company stock valued at $17,022,387. 0.75% of the stock is owned by 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.