Oakworth Capital Inc. Makes New $338,000 Investment in Fiserv, Inc. (NYSE:FI)

Oakworth Capital Inc. purchased a new position in Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,542 shares of the business services provider’s stock, valued at approximately $338,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hollencrest Capital Management increased its holdings in 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 buying an additional 100 shares during the period. West Oak Capital LLC acquired a new stake in shares of Fiserv in the fourth quarter worth $27,000. Halpern Financial Inc. purchased a new position in shares of Fiserv during the fourth quarter worth $27,000. Atlas Capital Advisors LLC lifted its position in Fiserv by 71.9% during the second quarter. Atlas Capital Advisors LLC now owns 306 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 128 shares during the period. Finally, PCA Investment Advisory Services Inc. purchased a new stake in Fiserv in the second quarter valued at $27,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Fiserv 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 value of $9,801,484.00. Following the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $25,209,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders sold 111,575 shares of company stock worth $17,022,387. Insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

FI has been the subject of several analyst reports. BNP Paribas raised Fiserv from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 10th. Morgan Stanley boosted their price target on Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Jefferies Financial Group raised their price objective on shares of Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a research note on Monday, March 25th. Oppenheimer upgraded shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 target price for the company in a research note on Thursday, January 11th. Finally, Barclays increased their price target on shares of Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Six research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $158.21.

Fiserv Price Performance

FI stock opened at $147.13 on Thursday. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $159.99. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $86.62 billion, a PE ratio of 29.43, a price-to-earnings-growth ratio of 1.20 and a beta of 0.91. The business has a 50 day simple moving average of $151.65 and a 200-day simple moving average of $136.03.

Fiserv (NYSE:FI) last issued its 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. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The company had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.68 billion. During the same period in the prior year, the business earned $1.91 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. Equities research analysts anticipate that Fiserv, Inc. will post 8.62 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.