ProVise Management Group LLC Purchases Shares of 54,840 Fiserv, Inc. (NYSE:FI)

ProVise Management Group LLC purchased a new position in Fiserv, Inc. (NYSE:FI) in the fourth quarter, Holdings Channel reports. The fund purchased 54,840 shares of the business services provider’s stock, valued at approximately $7,285,000.

Other hedge funds have also made changes to their positions in the company. West Oak Capital LLC acquired a new stake in shares of Fiserv in the fourth quarter valued at $27,000. Halpern Financial Inc. acquired a new position in shares of Fiserv during the 4th quarter worth approximately $27,000. GW&K Investment Management LLC purchased a new stake in Fiserv in the 4th quarter worth approximately $27,000. Fortitude Family Office LLC purchased a new stake in shares of Fiserv during the 4th quarter valued at $28,000. Finally, Private Wealth Management Group LLC purchased a new position in Fiserv in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Trading Up 0.1 %

Shares of FI stock traded up $0.14 on Friday, hitting $150.34. The stock had a trading volume of 1,579,942 shares, compared to its average volume of 2,498,205. 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 $87.96 billion, a P/E ratio of 28.07, a P/E/G ratio of 1.23 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. The company’s 50 day moving average price is $153.49 and its 200-day moving average price is $142.82.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The firm had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.58 EPS. Analysts anticipate that Fiserv, Inc. will post 8.69 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. TD Cowen raised their price objective on shares of Fiserv from $167.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. BMO Capital Markets upped their target price on shares of Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Citigroup upped their target price on shares of Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Morgan Stanley increased their target price on shares of Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Finally, Stephens reissued an “equal weight” rating and issued a $165.00 price objective on shares of Fiserv in a research report on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.83.

Insider Transactions at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $149.53, for a total transaction of $3,588,720.00. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,477,911.47. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders sold 111,575 shares of company stock valued at $17,022,387. Corporate insiders own 0.75% of the company’s stock.

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.