Cannell & Co. Invests $468,000 in Fiserv, Inc. (NYSE:FI)

Cannell & Co. purchased a new stake in Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,523 shares of the business services provider’s stock, valued at approximately $468,000.

Other large investors also recently bought and sold shares of the company. West Oak Capital LLC purchased a new stake in Fiserv in the 4th quarter worth $27,000. Halpern Financial Inc. acquired a new stake in Fiserv in the 4th quarter valued at about $27,000. Fortitude Family Office LLC purchased a new position in Fiserv in the 4th quarter worth approximately $28,000. Hollencrest Capital Management boosted its holdings in shares of Fiserv by 75.8% during the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Finally, Glass Jacobson Investment Advisors llc purchased a new stake in shares of Fiserv in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other Fiserv 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 transaction of $3,632,182.91. Following the completion of the sale, the chief operating officer now directly 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 can be accessed through this link. In the last three months, insiders have sold 111,575 shares of company stock valued at $17,022,387. Insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Shares of NYSE FI opened at $148.86 on Thursday. 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 has a market cap of $87.10 billion, a price-to-earnings ratio of 27.82, a price-to-earnings-growth ratio of 1.23 and a beta of 0.92. The stock’s 50-day moving average is $152.79 and its two-hundred day moving average is $138.72. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $159.99.

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

Analyst Ratings Changes

A number of equities analysts have weighed in on FI shares. Oppenheimer raised Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price objective on the stock in a research note on Thursday, January 11th. Morgan Stanley boosted their price target on shares of Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Jefferies Financial Group raised their price objective on shares of Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Monday, March 25th. Robert W. Baird boosted their target price on shares of Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Finally, B. Riley raised their price target on shares of Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, Fiserv has a consensus 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.