NorthCrest Asset Manangement LLC Has $4.98 Million Stake in Fiserv, Inc. (NYSE:FI)

NorthCrest Asset Manangement LLC lifted its position in shares of Fiserv, Inc. (NYSE:FI) by 4.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 33,441 shares of the business services provider’s stock after purchasing an additional 1,395 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Fiserv were worth $4,984,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC bought a new stake in shares of Fiserv during the 4th quarter worth approximately $26,099,000. GHP Investment Advisors Inc. bought a new stake in shares of Fiserv during the 4th quarter valued at approximately $78,000. Financial Counselors Inc. bought a new position in Fiserv in the 4th quarter valued at approximately $392,000. Sapient Capital LLC bought a new stake in shares of Fiserv during the fourth quarter worth $672,000. Finally, Valeo Financial Advisors LLC bought a new position in shares of Fiserv in the 4th quarter valued at $569,000. 90.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wells Fargo & Company boosted their price target on Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Royal Bank of Canada lifted their price objective on shares of Fiserv from $180.00 to $183.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Robert W. Baird boosted their price objective on Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Mizuho upped their price target on shares of Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Finally, JPMorgan Chase & Co. boosted their price objective on Fiserv from $169.00 to $176.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Five research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $172.29.

Fiserv Stock Up 0.5 %

Shares of NYSE:FI traded up $0.79 during midday trading on Wednesday, reaching $163.25. The company’s stock had a trading volume of 292,838 shares, compared to its average volume of 2,504,933. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $165.56. The firm has a market capitalization of $95.52 billion, a P/E ratio of 30.52, a PEG ratio of 1.31 and a beta of 0.92. The firm has a 50 day moving average of $153.80 and a 200-day moving average of $151.87. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The company had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. Fiserv’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.81 EPS. On average, research analysts anticipate that Fiserv, Inc. will post 8.73 earnings per share for the current year.

Insider Activity

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $154.86, for a total value of $3,716,640.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP John Gibbons sold 2,800 shares of Fiserv stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $148.76, for a total transaction of $416,528.00. Following the sale, the executive vice president now owns 28,323 shares in the company, valued at $4,213,329.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $25,350,427.14. The disclosure for this sale can be found here. Insiders have sold 50,800 shares of company stock valued at $7,696,448 in the last ninety days. 0.75% of the stock is currently owned by company insiders.

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.