1,704 Shares in Fiserv, Inc. (NYSE:FI) Purchased by Nicholas Hoffman & Company LLC.

Nicholas Hoffman & Company LLC. acquired a new position in shares of Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,704 shares of the business services provider’s stock, valued at approximately $226,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of FI. Comerica Bank acquired a new stake in shares of Fiserv in the second quarter valued at approximately $200,000. West Oak Capital LLC acquired a new stake in shares of Fiserv in the fourth quarter valued at approximately $27,000. Halpern Financial Inc. acquired a new stake in shares of Fiserv in the fourth quarter valued at approximately $27,000. Fortitude Family Office LLC acquired a new stake in shares of Fiserv in the fourth quarter valued at approximately $28,000. Finally, PCA Investment Advisory Services Inc. acquired a new stake in shares of Fiserv in the second quarter valued at approximately $27,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Up 1.2 %

FI stock opened at $148.62 on Monday. The company has a 50 day moving average of $151.81 and a two-hundred day moving average of $136.69. The company has a market cap of $87.50 billion, a price-to-earnings ratio of 29.72, a PEG ratio of 1.21 and a beta of 0.91. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.04. The company had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.68 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the business posted $1.91 EPS. On average, equities analysts anticipate that Fiserv, Inc. will post 8.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction 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 of the company’s stock, valued at approximately $24,477,911.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 111,575 shares of company stock valued at $17,022,387 in the last quarter. Company insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on FI. Barclays raised their price target on shares of Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Susquehanna increased their price objective on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a report on Monday, March 25th. B. Riley increased their price objective on shares of Fiserv from $152.00 to $176.00 and gave the company a “buy” rating in a 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 objective for the company in a report on Thursday, January 11th. Finally, KeyCorp upgraded shares of Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 price objective for the company in a report on Monday, January 8th. Six equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $158.21.

Fiserv Company 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.