Cutter & CO Brokerage Inc. Invests $236,000 in Fiserv, Inc. (NYSE:FI)

Cutter & CO Brokerage Inc. acquired a new position in Fiserv, Inc. (NYSE:FI) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 1,778 shares of the business services provider’s stock, valued at approximately $236,000.

Other hedge funds also recently bought and sold shares of the company. 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. Fortitude Family Office LLC purchased a new position in Fiserv during the 4th quarter valued at about $28,000. Hollencrest Capital Management increased its holdings in Fiserv by 75.8% during the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 100 shares during the period. Finally, Glass Jacobson Investment Advisors llc purchased a new position in Fiserv during the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction 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 completion of the sale, 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 available at the SEC website. Insiders sold 111,575 shares of company stock worth $17,022,387 in the last three months. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

FI traded down $2.38 during mid-day trading on Wednesday, reaching $153.01. 1,229,339 shares of the company traded hands, compared to its average volume of 2,534,328. The stock has a market capitalization of $90.09 billion, a P/E ratio of 30.54, a P/E/G ratio of 1.22 and a beta of 0.91. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73. The company’s fifty day moving average price is $152.14 and its 200-day moving average price is $137.23. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $159.99.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The business had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.58 EPS. On average, sell-side analysts expect that Fiserv, Inc. will post 8.63 EPS for the current year.

Wall Street Analyst Weigh In

FI has been the topic of a number of research analyst reports. Oppenheimer upgraded Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price target on the stock in a report on Thursday, January 11th. Robert W. Baird upped their target price on Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a report on Wednesday. Stephens reiterated an “equal weight” rating and set a $165.00 target price on shares of Fiserv in a report on Wednesday. Susquehanna upped their target price on Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a report on Monday, March 25th. Finally, Mizuho reiterated a “buy” rating and set a $156.00 target price on shares of Fiserv in a report on Wednesday, March 27th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and an average price target of $163.08.

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.