Bellevue Asset Management LLC Invests $205,000 in Fiserv, Inc. (NYSE:FI)

Bellevue Asset Management LLC acquired a new stake in shares of Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,540 shares of the business services provider’s stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Hollencrest Capital Management raised its stake in shares of Fiserv by 75.8% in the 3rd 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 in the last quarter. West Oak Capital LLC bought a new stake in Fiserv in the fourth quarter valued at about $27,000. Halpern Financial Inc. acquired a new stake in Fiserv during the fourth quarter valued at approximately $27,000. Fortitude Family Office LLC bought a new position in Fiserv during the 4th quarter worth approximately $28,000. Finally, Glass Jacobson Investment Advisors llc acquired a new position in shares of Fiserv in the 4th quarter worth approximately $31,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fiserv

In related news, COO Guy Chiarello sold 23,929 shares of Fiserv 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 of the company’s stock, valued at approximately $24,847,871.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have sold 111,575 shares of company stock valued at $17,022,387. Corporate insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Shares of Fiserv stock traded up $0.05 during trading on Friday, hitting $149.22. The stock had a trading volume of 2,942,846 shares, compared to its average volume of 2,577,646. The business has a fifty day moving average of $152.74 and a two-hundred day moving average of $139.04. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The firm has a market cap of $87.31 billion, a P/E ratio of 27.89, a PEG ratio of 1.20 and a beta of 0.92. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The company had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same quarter last year, the firm posted $1.58 EPS. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, sell-side analysts expect that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FI. Stephens restated an “equal weight” rating and set a $165.00 price objective on shares of Fiserv in a research note on Wednesday, April 24th. Evercore ISI reaffirmed an “outperform” rating and issued a $185.00 price target on shares of Fiserv in a report on Tuesday, March 26th. StockNews.com began coverage on shares of Fiserv in a research note on Saturday, February 3rd. They set a “buy” rating on the stock. BNP Paribas upgraded Fiserv from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 10th. Finally, Morgan Stanley increased their price target on Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $164.33.

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.