Jacobs & Co. CA Makes New Investment in Fiserv, Inc. (NYSE:FI)

Jacobs & Co. CA bought a new position in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 50,974 shares of the business services provider’s stock, valued at approximately $6,771,000.

A number of other hedge funds also recently added to or reduced their stakes in FI. First Manhattan Co. grew its holdings in shares of Fiserv by 4.6% during the fourth quarter. First Manhattan Co. now owns 1,966 shares of the business services provider’s stock worth $199,000 after buying an additional 86 shares in the last quarter. Holderness Investments Co. grew its holdings in shares of Fiserv by 4.1% during the second quarter. Holderness Investments Co. now owns 2,295 shares of the business services provider’s stock worth $290,000 after buying an additional 90 shares in the last quarter. Apeiron RIA LLC grew its holdings in shares of Fiserv by 2.9% during the third quarter. Apeiron RIA LLC now owns 3,217 shares of the business services provider’s stock worth $363,000 after buying an additional 90 shares in the last quarter. Principal Street Partners LLC grew its holdings in shares of Fiserv by 1.4% during the second quarter. Principal Street Partners LLC now owns 6,568 shares of the business services provider’s stock worth $829,000 after buying an additional 92 shares in the last quarter. Finally, Brighton Jones LLC grew its holdings in shares of Fiserv by 4.0% during the third quarter. Brighton Jones LLC now owns 2,385 shares of the business services provider’s stock worth $269,000 after buying an additional 92 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FI has been the subject of a number of recent analyst reports. Barclays boosted their target price on shares of Fiserv from $150.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, February 12th. Tigress Financial boosted their target price on shares of Fiserv from $160.00 to $175.00 and gave the company a “buy” rating in a report on Friday, December 22nd. Susquehanna lifted their price target on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research report on Monday. Stephens boosted their target price on shares of Fiserv from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Finally, Evercore ISI reissued an “outperform” rating and set a $185.00 target price on shares of Fiserv in a research report on Tuesday. Seven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and a consensus target price of $155.83.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were 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 of the company’s stock, valued at $25,209,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 18.20% of the stock is owned by corporate insiders.

Fiserv Stock Performance

Shares of FI opened at $159.33 on Thursday. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $159.90. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $94.07 billion, a PE ratio of 31.87, a P/E/G ratio of 1.30 and a beta of 0.91. The firm has a 50-day moving average price of $147.33 and a 200 day moving average price of $132.01.

Fiserv (NYSE:FI) last issued its quarterly 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. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The company had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.68 billion. During the same period in the prior year, the company earned $1.91 EPS. Fiserv’s revenue was up 6.2% on a year-over-year basis. On average, sell-side analysts anticipate that Fiserv, Inc. will post 8.62 earnings per share for the current fiscal year.

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.