PFG Investments LLC Purchases 414 Shares of Fiserv, Inc. (NYSE:FI)

PFG Investments LLC increased its position in Fiserv, Inc. (NYSE:FI) by 17.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,734 shares of the business services provider’s stock after purchasing an additional 414 shares during the quarter. PFG Investments LLC’s holdings in Fiserv were worth $437,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Hollencrest Capital Management lifted its holdings in Fiserv by 75.8% during the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after buying an additional 100 shares during the period. West Oak Capital LLC purchased a new stake in Fiserv during the fourth quarter worth $27,000. Halpern Financial Inc. purchased a new stake in Fiserv during the fourth quarter worth $27,000. GW&K Investment Management LLC purchased a new stake in shares of Fiserv during the 4th quarter valued at $27,000. Finally, RE Dickinson Investment Advisors LLC purchased a new stake in shares of Fiserv during the 4th quarter valued at $27,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of NYSE:FI traded down $1.65 during trading on Tuesday, reaching $152.67. 2,730,120 shares of the company’s stock traded hands, compared to its average volume of 2,560,189. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The firm has a market cap of $89.33 billion, a PE ratio of 28.54, a P/E/G ratio of 1.26 and a beta of 0.91. The company has a 50-day simple moving average of $152.76 and a 200-day simple moving average of $138.65.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the previous year, the firm posted $1.58 EPS. Fiserv’s revenue was up 7.4% compared to the same quarter last year. As a group, analysts predict that Fiserv, Inc. will post 8.69 earnings per share for the current year.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total value of $9,801,484.00. Following the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have sold 111,575 shares of company stock worth $17,022,387. Insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

FI has been the subject of several analyst reports. Oppenheimer upgraded Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price objective for the company in a report on Thursday, January 11th. StockNews.com initiated coverage on Fiserv in a report on Saturday, February 3rd. They set a “buy” rating for the company. Morgan Stanley increased their price objective on Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Evercore ISI restated an “outperform” rating and issued a $185.00 target price on shares of Fiserv in a research note on Tuesday, March 26th. Finally, Robert W. Baird raised their target price on Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.