Piscataqua Savings Bank Makes New $67,000 Investment in Fiserv, Inc. (NYSE:FI)

Piscataqua Savings Bank purchased a new position in shares of Fiserv, Inc. (NYSE:FIFree Report) during the fourth quarter, Holdings Channel reports. The firm purchased 501 shares of the business services provider’s stock, valued at approximately $67,000.

Other hedge funds also recently bought and sold shares of the company. Hollencrest Capital Management boosted its position in Fiserv by 75.8% during the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. West Oak Capital LLC purchased a new position in Fiserv during the fourth quarter worth approximately $27,000. Halpern Financial Inc. acquired a new position in shares of Fiserv during the fourth quarter valued at approximately $27,000. Atlas Capital Advisors LLC raised its holdings in shares of Fiserv by 71.9% during the second quarter. Atlas Capital Advisors LLC now owns 306 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 128 shares during the last quarter. Finally, PCA Investment Advisory Services Inc. acquired a new position in shares of Fiserv during the second quarter valued at approximately $27,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Trading Down 0.8 %

FI opened at $158.57 on Tuesday. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99. The business has a fifty day simple moving average of $148.62 and a 200-day simple moving average of $132.81. The firm has a market cap of $93.62 billion, a P/E ratio of 31.71, a P/E/G ratio of 1.30 and a beta of 0.91. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73.

Fiserv (NYSE:FIGet Free Report) last released its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 EPS for the quarter, topping the consensus estimate of $2.15 by $0.04. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The business had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.68 billion. During the same period last year, the business posted $1.91 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. On average, equities analysts expect that Fiserv, Inc. will post 8.62 earnings per share for the current year.

Insider Transactions at Fiserv

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,209,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on FI. Royal Bank of Canada increased their target price on Fiserv from $144.00 to $158.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Tigress Financial increased their target price on Fiserv from $160.00 to $175.00 and gave the company a “buy” rating in a report on Friday, December 22nd. KeyCorp raised Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 target price for the company in a report on Monday, January 8th. Evercore ISI reaffirmed an “outperform” rating and issued a $185.00 price target on shares of Fiserv in a report on Tuesday, March 26th. Finally, StockNews.com began coverage on Fiserv in a report on Saturday, February 3rd. They issued a “buy” rating for the company. Seven research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $158.21.

Get Our Latest Research Report on FI

About Fiserv

(Free Report)

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.

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Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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