3,793 Shares in Fiserv, Inc. (NYSE:FI) Acquired by HF Advisory Group LLC

HF Advisory Group LLC purchased a new position in Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,793 shares of the business services provider’s stock, valued at approximately $504,000.

A number of other institutional investors and hedge funds have also modified their holdings of FI. Vanguard Group Inc. acquired a new stake in shares of Fiserv in the 3rd quarter worth approximately $5,705,241,000. Morgan Stanley grew its holdings in Fiserv by 131.3% during the 4th quarter. Morgan Stanley now owns 9,980,646 shares of the business services provider’s stock valued at $1,008,744,000 after buying an additional 5,666,145 shares during the last quarter. Norges Bank acquired a new stake in Fiserv during the 4th quarter valued at $547,079,000. Moneta Group Investment Advisors LLC grew its holdings in Fiserv by 135,763.7% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,588,117 shares of the business services provider’s stock valued at $463,721,000 after buying an additional 4,584,740 shares during the last quarter. Finally, Nordea Investment Management AB acquired a new stake in Fiserv during the 4th quarter valued at $351,525,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Up 0.3 %

NYSE:FI traded up $0.48 during mid-day trading on Thursday, hitting $147.58. The company had a trading volume of 268,996 shares, compared to its average volume of 2,488,773. The business has a fifty day simple moving average of $151.65 and a 200-day simple moving average of $136.03. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $159.99. The firm has a market capitalization of $86.89 billion, a price-to-earnings ratio of 29.43, a PEG ratio of 1.20 and a beta of 0.91.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 EPS for the quarter, beating 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 company had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same period last year, the company posted $1.91 earnings per share. The firm’s revenue was up 6.2% compared to the same quarter last year. Equities analysts forecast that Fiserv, Inc. will post 8.62 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 23,929 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $151.79, for a total value of $3,632,182.91. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $24,847,871.21. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FI has been the topic of a number of analyst reports. BMO Capital Markets increased their target price on Fiserv from $152.00 to $157.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Barclays increased their target price on Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, April 1st. StockNews.com initiated coverage on Fiserv in a report on Saturday, February 3rd. They set a “buy” rating on the stock. Morgan Stanley increased their target price on Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Finally, Royal Bank of Canada raised their price objective on Fiserv from $144.00 to $158.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $158.21.

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.