Annapolis Financial Services LLC Invests $55,000 in Fiserv, Inc. (NYSE:FI)

Annapolis Financial Services LLC acquired a new stake in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 416 shares of the business services provider’s stock, valued at approximately $55,000.

Several other institutional investors have also bought and sold shares of FI. Hollencrest Capital Management lifted its stake in Fiserv by 75.8% in the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. West Oak Capital LLC purchased a new position in Fiserv in the fourth quarter valued at approximately $27,000. Halpern Financial Inc. purchased a new position in Fiserv in the fourth quarter valued at approximately $27,000. Atlas Capital Advisors LLC lifted its stake in 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 position in Fiserv in the second quarter valued at approximately $27,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

FI traded up $1.71 during trading on Friday, reaching $148.62. The stock had a trading volume of 2,515,820 shares, compared to its average volume of 2,178,098. The stock has a market cap of $87.50 billion, a PE ratio of 29.72, a PEG ratio of 1.21 and a beta of 0.91. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.04. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99. The business has a 50-day moving average of $151.81 and a 200-day moving average of $136.53.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.04. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The firm had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.68 billion. During the same period last year, the firm earned $1.91 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Fiserv, Inc. will post 8.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FI. KeyCorp upgraded Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 target price on the stock in a research report on Monday, January 8th. Barclays increased their target price on Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Susquehanna increased their target price on Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research report on Monday, March 25th. Stephens increased their target price on Fiserv from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Finally, B. Riley increased their target price on Fiserv from $152.00 to $176.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Six research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $158.21.

Insider Activity

In other news, COO Guy Chiarello sold 63,646 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $25,209,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 111,575 shares of company stock valued at $17,022,387. 0.75% of the stock is currently owned by insiders.

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.