Salomon & Ludwin LLC Takes $46,000 Position in Fiserv, Inc. (NYSE:FI)

Salomon & Ludwin LLC purchased a new position in Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 349 shares of the business services provider’s stock, valued at approximately $46,000.

A number of other hedge funds have also bought and sold shares of the company. Hollencrest Capital Management increased its position in Fiserv by 75.8% in the 3rd 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 in the last quarter. West Oak Capital LLC purchased a new stake in shares of Fiserv in the fourth quarter worth approximately $27,000. Halpern Financial Inc. bought a new position in shares of Fiserv in the fourth quarter valued at approximately $27,000. Fortitude Family Office LLC bought a new stake in Fiserv during the fourth quarter worth $28,000. Finally, Glass Jacobson Investment Advisors llc purchased a new position in Fiserv during the fourth quarter valued at approximately $31,000. Institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on FI shares. Susquehanna boosted their price target on Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research report on Monday, March 25th. BMO Capital Markets raised their price target on Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Jefferies Financial Group lifted their target price 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. Barclays upped their target price on Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Finally, Stephens reiterated an “equal weight” rating and set a $165.00 price objective on shares of Fiserv in a research note on Wednesday, April 24th. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $164.33.

Fiserv Stock Up 0.3 %

NYSE FI traded up $0.40 during trading on Thursday, hitting $153.69. 1,438,149 shares of the company traded hands, compared to its average volume of 2,543,275. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $159.99. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. The business has a fifty day simple moving average of $152.78 and a 200 day simple moving average of $139.96. The company has a market capitalization of $89.92 billion, a P/E ratio of 28.71, a PEG ratio of 1.20 and a beta of 0.92.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.11. The company had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.58 EPS. As a group, sell-side analysts predict that Fiserv, Inc. will post 8.69 EPS for the current year.

Insider Buying and Selling

In other news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $149.53, for a total value of $3,588,720.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,477,911.47. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last ninety days, insiders sold 111,575 shares of company stock valued at $17,022,387. Company insiders own 0.75% of the company’s stock.

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.