Canton Hathaway LLC Purchases New Position in Fiserv, Inc. (NYSE:FI)

Canton Hathaway LLC purchased a new stake in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 240 shares of the business services provider’s stock, valued at approximately $32,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. acquired a new stake in shares of Fiserv in the third quarter worth approximately $5,705,241,000. Morgan Stanley boosted its stake in Fiserv by 131.3% during the fourth quarter. Morgan Stanley now owns 9,980,646 shares of the business services provider’s stock worth $1,008,744,000 after buying an additional 5,666,145 shares during the last quarter. Norges Bank acquired a new position in Fiserv during the fourth quarter worth $547,079,000. Moneta Group Investment Advisors LLC boosted its stake in Fiserv by 135,763.7% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,588,117 shares of the business services provider’s stock worth $463,721,000 after buying an additional 4,584,740 shares during the last quarter. Finally, Nordea Investment Management AB acquired a new position in Fiserv during the fourth quarter worth $351,525,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on FI. Tigress Financial boosted their price objective on Fiserv from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, December 22nd. StockNews.com assumed coverage on Fiserv in a research report on Saturday, February 3rd. They issued a “buy” rating on the stock. BMO Capital Markets lifted their target price on Fiserv from $152.00 to $157.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. B. Riley lifted their target price on Fiserv from $152.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Finally, BNP Paribas upgraded Fiserv from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 10th. Six equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.21.

Fiserv Stock Down 2.0 %

NYSE FI traded down $3.01 during trading hours on Monday, hitting $148.19. 2,260,486 shares of the company were exchanged, compared to its average volume of 2,496,312. The company has a 50 day moving average of $151.38 and a two-hundred day moving average of $135.47. The firm has a market cap of $87.25 billion, a price-to-earnings ratio of 30.32, a PEG ratio of 1.24 and a beta of 0.91. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $159.99. 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:FI) last released its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.04. The business had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.68 billion. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.91 EPS. Equities research analysts anticipate that Fiserv, Inc. will post 8.62 earnings per share for the current year.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 63,646 shares of the company’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 sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.75% of the company’s stock.

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.