Prentiss Smith & Co. Inc. Acquires Shares of 5,985 Fiserv, Inc. (NYSE:FI)

Prentiss Smith & Co. Inc. acquired a new stake in shares of Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,985 shares of the business services provider’s stock, valued at approximately $795,000.

A number of other large investors have also added to or reduced their stakes in the stock. West Oak Capital LLC purchased a new position in shares of Fiserv in the fourth quarter worth $27,000. Halpern Financial Inc. purchased a new position in shares of Fiserv in the fourth quarter worth $27,000. Fortitude Family Office LLC purchased a new position in shares of Fiserv in the fourth quarter worth $28,000. Hollencrest Capital Management raised its stake in shares of Fiserv by 75.8% in the third 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 position in shares of Fiserv in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. B. Riley boosted their price target on Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday. Morgan Stanley boosted their price target on Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. KeyCorp lifted their price objective on Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday. Stephens reaffirmed an “equal weight” rating and issued a $165.00 price objective on shares of Fiserv in a report on Wednesday. Finally, Citigroup lifted their price objective on Fiserv from $171.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $164.33.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,477,911.47. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders 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 Fiserv stock traded up $1.04 during trading hours on Thursday, hitting $153.29. The company’s stock had a trading volume of 3,049,942 shares, compared to its average volume of 2,557,857. The business has a 50 day moving average price of $152.28 and a two-hundred day moving average price of $137.34. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99. The company has a market cap of $90.25 billion, a PE ratio of 28.46, a PEG ratio of 1.27 and a beta of 0.91. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.04 and a current ratio of 1.06.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating the consensus estimate of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The business had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same period in the previous year, the business earned $1.58 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. Analysts expect that Fiserv, Inc. will post 8.63 earnings per share for the current fiscal 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.