Eads & Heald Wealth Management Acquires Shares of 22,672 Fiserv, Inc. (NYSE:FI)

Eads & Heald Wealth Management purchased a new position in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 22,672 shares of the business services provider’s stock, valued at approximately $3,012,000. Fiserv makes up about 1.5% of Eads & Heald Wealth Management’s holdings, making the stock its 10th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Piscataqua Savings Bank purchased a new position in shares of Fiserv in the fourth quarter worth about $67,000. GHP Investment Advisors Inc. purchased a new position in Fiserv during the fourth quarter worth about $78,000. Liberty Capital Management Inc. purchased a new position in Fiserv during the fourth quarter worth about $7,071,000. Birch Hill Investment Advisors LLC purchased a new position in Fiserv during the fourth quarter worth about $84,583,000. Finally, Global Retirement Partners LLC purchased a new position in Fiserv during the fourth quarter worth about $1,265,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of the business’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 transaction of $3,588,720.00. Following the completion of 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 Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

FI has been the topic of a number of analyst reports. Barclays lifted their target price on shares of Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Royal Bank of Canada lifted their price target on shares of Fiserv from $144.00 to $158.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Oppenheimer upgraded shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price target for the company in a research report on Thursday, January 11th. Robert W. Baird lifted their price target on shares of Fiserv from $168.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Finally, Mizuho reiterated a “buy” rating and set a $156.00 price target on shares of Fiserv in a research report on Wednesday, March 27th. Six equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.21.

Fiserv Stock Down 2.0 %

Fiserv stock traded down $3.01 during trading on Monday, reaching $148.19. The stock had a trading volume of 2,260,486 shares, compared to its average volume of 2,503,262. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $159.99. The business has a 50 day moving average price of $151.38 and a 200 day moving average price of $135.47. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73. The stock has a market cap of $87.25 billion, a PE ratio of 30.32, a P/E/G ratio of 1.24 and a beta of 0.91.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.04. The company had revenue of $4.92 billion during 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%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.91 earnings per share. On average, analysts predict that Fiserv, Inc. will post 8.62 EPS for the current year.

Fiserv 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.