Wright Investors Service Inc. Buys New Shares in Fiserv, Inc. (NYSE:FI)

Wright Investors Service Inc. bought a new stake in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, Holdings Channel reports. The institutional investor bought 3,211 shares of the business services provider’s stock, valued at approximately $427,000.

Several other institutional investors have also recently bought and sold shares of FI. Hollencrest Capital Management raised its holdings in Fiserv by 75.8% during 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. West Oak Capital LLC acquired a new position in Fiserv during the fourth quarter worth $27,000. Halpern Financial Inc. acquired a new position in Fiserv during the fourth quarter worth $27,000. Atlas Capital Advisors LLC raised its holdings in shares of Fiserv by 71.9% in the second quarter. Atlas Capital Advisors LLC now owns 306 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 128 shares during the last quarter. Finally, PCA Investment Advisory Services Inc. purchased a new stake in shares of Fiserv in the second quarter valued at about $27,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Ratings Changes

FI has been the subject of several analyst reports. Tigress Financial increased 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. B. Riley increased their target price on shares of Fiserv from $152.00 to $176.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. KeyCorp upgraded shares of Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 target price for the company in a report on Monday, January 8th. Jefferies Financial Group increased their price target on shares of Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Monday, March 25th. Finally, Robert W. Baird increased their target price on shares of Fiserv from $168.00 to $185.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Six analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and an average price target of $158.21.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $149.53, for a total value of $3,588,720.00. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,477,911.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 111,575 shares of company stock valued at $17,022,387 over the last three months. 0.75% of the stock is owned by corporate insiders.

Fiserv Trading Down 0.1 %

Shares of FI opened at $146.91 on Friday. The firm’s 50 day simple moving average is $151.72 and its 200 day simple moving average is $136.10. The company has a market capitalization of $86.49 billion, a P/E ratio of 29.38, a P/E/G ratio of 1.20 and a beta of 0.91. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 1.04. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $159.99.

Fiserv (NYSE:FI) last announced 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 business had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.68 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. Fiserv’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the firm posted $1.91 earnings per share. Sell-side analysts forecast that Fiserv, Inc. will post 8.63 earnings per share for the current fiscal year.

About Fiserv

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.