3,664 Shares in Fiserv, Inc. (NYSE:FI) Acquired by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated bought a new position in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,664 shares of the business services provider’s stock, valued at approximately $487,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FI. Vanguard Group Inc. acquired a new stake in Fiserv during the third quarter worth $5,705,241,000. California Public Employees Retirement System acquired a new stake in shares of Fiserv in the fourth quarter valued at $423,780,000. Pittenger & Anderson Inc. acquired a new stake in shares of Fiserv in the fourth quarter valued at $400,079,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Fiserv in the fourth quarter valued at $422,884,000. Finally, Nordea Investment Management AB acquired a new stake in shares of Fiserv in the fourth quarter valued at $351,525,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FI. BMO Capital Markets lifted their price objective on Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Oppenheimer raised Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price objective for the company in a research note on Thursday, January 11th. Morgan Stanley lifted their price objective on Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. BNP Paribas raised Fiserv from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 10th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $185.00 target price on shares of Fiserv in a report on Tuesday, March 26th. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $164.33.

Insider Activity

In other news, COO Guy Chiarello sold 23,929 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $151.79, for a total value of $3,632,182.91. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders sold 111,575 shares of company stock valued at $17,022,387. Insiders own 0.75% of the company’s stock.

Fiserv Stock Down 1.1 %

Fiserv stock opened at $152.67 on Wednesday. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $89.33 billion, a P/E ratio of 28.54, a PEG ratio of 1.24 and a beta of 0.91. The stock has a 50-day simple moving average of $152.76 and a 200-day simple moving average of $138.65.

Fiserv (NYSE:FI) last posted its earnings results 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. 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 period in the previous year, the business earned $1.58 EPS. The business’s quarterly revenue was up 7.4% on a year-over-year basis. Equities research analysts expect that Fiserv, Inc. will post 8.69 earnings per share for the current year.

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.