Bfsg LLC Buys New Shares in Fiserv, Inc. (NYSE:FI)

Bfsg LLC bought a new stake in Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 344 shares of the business services provider’s stock, valued at approximately $46,000.

Other hedge funds have also made changes to their positions in the company. Hollencrest Capital Management lifted its stake in shares of Fiserv by 75.8% in the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after buying an additional 100 shares during the period. West Oak Capital LLC acquired a new position in Fiserv in the fourth quarter worth about $27,000. Halpern Financial Inc. acquired a new position in Fiserv in the fourth quarter worth about $27,000. Fortitude Family Office LLC acquired a new position in Fiserv in the fourth quarter worth about $28,000. Finally, Glass Jacobson Investment Advisors llc acquired a new position in Fiserv in the fourth quarter worth about $31,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of FI stock opened at $153.29 on Friday. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $159.99. The stock has a market cap of $90.25 billion, a PE ratio of 28.65, a PEG ratio of 1.24 and a beta of 0.91. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.04 and a current ratio of 1.06. The firm’s 50 day moving average price is $152.39 and its two-hundred day moving average price is $137.45.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The firm had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $1.58 earnings per share. As a group, analysts forecast that Fiserv, Inc. will post 8.67 EPS for the current year.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 23,929 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $24,847,871.21. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 111,575 shares of company stock worth $17,022,387 over the last ninety days. Company insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. TD Cowen increased their price target on shares of Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday. UBS Group increased their price target on shares of Fiserv from $170.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday. B. Riley raised their price objective on shares of Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday. Royal Bank of Canada raised their price objective on shares of Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Stephens reaffirmed an “equal weight” rating and set a $165.00 price objective on shares of Fiserv in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and an average target price of $164.33.

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.