Hunter Perkins Capital Management LLC Buys New Position in Fiserv, Inc. (NYSE:FI)

Hunter Perkins Capital Management LLC bought a new stake in Fiserv, Inc. (NYSE:FI) during the fourth quarter, HoldingsChannel.com reports. The fund bought 116,620 shares of the business services provider’s stock, valued at approximately $15,492,000. Fiserv makes up about 3.2% of Hunter Perkins Capital Management LLC’s investment portfolio, making the stock its 9th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of FI. Hollencrest Capital Management increased its position in shares of Fiserv by 75.8% during the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. West Oak Capital LLC acquired a new position in shares of Fiserv during the 4th quarter worth approximately $27,000. Atlas Capital Advisors LLC increased its position in shares of Fiserv by 71.9% during the 2nd quarter. Atlas Capital Advisors LLC now owns 306 shares of the business services provider’s stock worth $27,000 after purchasing an additional 128 shares during the last quarter. PCA Investment Advisory Services Inc. acquired a new position in shares of Fiserv during the 2nd quarter worth approximately $27,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of Fiserv during the 1st quarter worth approximately $27,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of NYSE:FI traded down $0.48 during trading on Wednesday, reaching $158.19. 947,091 shares of the company traded hands, compared to its average volume of 2,567,800. The company’s 50 day moving average is $146.89 and its two-hundred day moving average is $131.75. The firm has a market capitalization of $93.40 billion, a PE ratio of 31.73, a PEG ratio of 1.28 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, Inc. has a 52 week low of $109.11 and a 52 week high of $159.90.

Fiserv (NYSE:FI) last released its earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.04. The firm had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.68 billion. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.91 EPS. As a group, sell-side analysts predict that Fiserv, Inc. will post 8.63 earnings per share for the current year.

Insider Activity

In related news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $25,209,646. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

FI has been the topic of several recent analyst reports. Royal Bank of Canada boosted their price target on Fiserv from $144.00 to $158.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Barclays boosted their price target on Fiserv from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, February 12th. Mizuho boosted their price target on Fiserv from $150.00 to $156.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. StockNews.com assumed coverage on Fiserv in a research report on Saturday, February 3rd. They set a “buy” rating on the stock. Finally, KeyCorp raised Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 target price on the stock in a report on Monday, January 8th. Seven investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $155.83.

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.