Certified Advisory Corp Buys Shares of 6,338 Fiserv, Inc. (NYSE:FI)

Certified Advisory Corp purchased a new stake in shares of Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 6,338 shares of the business services provider’s stock, valued at approximately $842,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Canoe Financial LP acquired a new position in Fiserv during the 3rd quarter worth about $26,018,000. Signaturefd LLC grew its holdings in shares of Fiserv by 5.6% in the third quarter. Signaturefd LLC now owns 12,098 shares of the business services provider’s stock valued at $1,367,000 after purchasing an additional 641 shares in the last quarter. Aspire Private Capital LLC increased its stake in Fiserv by 10.0% during the 3rd quarter. Aspire Private Capital LLC now owns 7,241 shares of the business services provider’s stock worth $818,000 after buying an additional 656 shares during the period. Graybill Wealth Management LTD. lifted its holdings in Fiserv by 1.2% during the 3rd quarter. Graybill Wealth Management LTD. now owns 38,377 shares of the business services provider’s stock worth $4,335,000 after buying an additional 455 shares in the last quarter. Finally, Syon Capital LLC purchased a new position in Fiserv in the 3rd quarter valued at approximately $580,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FI has been the subject of a number of recent research reports. KeyCorp lifted their target price on Fiserv from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Royal Bank of Canada lifted their price objective on Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Susquehanna upped their target price on shares of Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research note on Monday, March 25th. Mizuho raised their price objective on shares of Fiserv from $156.00 to $168.00 and gave the company a “buy” rating in a report on Tuesday. Finally, B. Riley increased their target price on Fiserv from $176.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Six investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $164.83.

Fiserv Price Performance

Shares of FI traded down $0.39 on Wednesday, reaching $152.38. The stock had a trading volume of 427,935 shares, compared to its average volume of 2,505,663. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99. The firm has a market capitalization of $89.16 billion, a PE ratio of 28.56, a PEG ratio of 1.22 and a beta of 0.92. The firm has a 50-day moving average of $153.46 and a 200 day moving average of $142.70. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81.

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

Insider Buying and Selling at Fiserv

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

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.