Savant Capital LLC Takes Position in Fiserv, Inc. (NYSE:FI)

Savant Capital LLC purchased a new position in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,900 shares of the business services provider’s stock, valued at approximately $917,000.

A number of other hedge funds also recently bought and sold shares of the business. West Oak Capital LLC purchased a new position in Fiserv in the fourth quarter worth about $27,000. Halpern Financial Inc. purchased a new position in shares of Fiserv in the 4th quarter worth approximately $27,000. Fortitude Family Office LLC bought a new position in shares of Fiserv during the 4th quarter valued at approximately $28,000. Hollencrest Capital Management lifted its position in Fiserv by 75.8% in the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after buying an additional 100 shares during the last quarter. Finally, Glass Jacobson Investment Advisors llc purchased a new position in Fiserv during the fourth quarter worth $31,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on FI shares. Barclays lifted their price target on shares of Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Jefferies Financial Group boosted their target price on Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Monday, March 25th. Mizuho reiterated a “buy” rating and issued a $156.00 price target on shares of Fiserv in a report on Wednesday, March 27th. Robert W. Baird boosted their price objective on Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Finally, UBS Group upped their price objective on Fiserv from $170.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $164.33.

Fiserv Trading Up 0.0 %

Fiserv stock opened at $149.22 on Friday. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99. The stock has a market cap of $87.31 billion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 1.20 and a beta of 0.92. 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 stock has a 50-day moving average of $152.77 and a two-hundred day moving average of $138.79.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. The company had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. Fiserv’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the business earned $1.58 EPS. On average, research analysts anticipate that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

Fiserv 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.