Eukles Asset Management Invests $820,000 in Fiserv, Inc. (NYSE:FI)

Eukles Asset Management bought a new position in Fiserv, Inc. (NYSE:FI) in the 4th quarter, Holdings Channel.com reports. The fund bought 6,172 shares of the business services provider’s stock, valued at approximately $820,000.

Several other hedge funds also recently modified their holdings of the business. Hollencrest Capital Management increased its position in Fiserv by 75.8% during 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 last quarter. West Oak Capital LLC bought a new stake in shares of Fiserv during the 4th quarter worth about $27,000. Halpern Financial Inc. acquired a new position in shares of Fiserv during the 4th quarter valued at about $27,000. Atlas Capital Advisors LLC raised its position in shares of Fiserv by 71.9% in 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. bought a new stake in Fiserv during the 2nd quarter valued at approximately $27,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Tigress Financial increased their price target on shares of Fiserv from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, December 22nd. Jefferies Financial Group boosted their price target on Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Monday, March 25th. Truist Financial increased their price objective on Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a research note on Wednesday, February 7th. Royal Bank of Canada lifted their price objective on Fiserv from $144.00 to $158.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Finally, Robert W. Baird upped their target price on shares of Fiserv from $168.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Six analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and an average target price of $158.21.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 63,646 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 111,575 shares of company stock valued at $17,022,387 over the last 90 days. 0.75% of the stock is owned by company insiders.

Fiserv Trading Up 0.7 %

NYSE:FI traded up $1.00 on Friday, hitting $147.91. 1,190,097 shares of the stock were exchanged, compared to its average volume of 2,495,042. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.04. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99. The stock has a market capitalization of $87.08 billion, a price-to-earnings ratio of 29.38, a P/E/G ratio of 1.20 and a beta of 0.91. The company’s 50-day moving average price is $151.72 and its 200 day moving average price is $136.10.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.04. The business had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.68 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.91 EPS. On average, equities research analysts forecast that Fiserv, Inc. will post 8.63 earnings per share for the current year.

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.