Robbins Farley Purchases Shares of 26,564 Fiserv, Inc. (NYSE:FI)

Robbins Farley 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 26,564 shares of the business services provider’s stock, valued at approximately $3,529,000. Fiserv accounts for 2.1% of Robbins Farley’s holdings, making the stock its 17th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Piscataqua Savings Bank acquired a new position in shares of Fiserv in the 4th quarter valued at about $67,000. GHP Investment Advisors Inc. acquired a new position in shares of Fiserv in the 4th quarter valued at about $78,000. Liberty Capital Management Inc. acquired a new position in shares of Fiserv in the 4th quarter valued at about $7,071,000. Birch Hill Investment Advisors LLC acquired a new position in shares of Fiserv in the 4th quarter valued at about $84,583,000. Finally, Graypoint LLC acquired a new position in shares of Fiserv in the 4th quarter valued at about $3,732,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

FI has been the topic of several research analyst reports. Barclays lifted their price objective on Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. KeyCorp raised Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 price target on the stock in a research report on Monday, January 8th. Jefferies Financial Group boosted their price target on Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Monday, March 25th. 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 report on Wednesday, February 7th. Finally, Tigress Financial boosted their price target on Fiserv from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, December 22nd. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $158.21.

Fiserv Stock Performance

Shares of NYSE FI traded up $1.71 during trading on Friday, reaching $148.62. The stock had a trading volume of 2,515,820 shares, compared to its average volume of 2,178,098. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market cap of $87.50 billion, a PE ratio of 29.73, a P/E/G ratio of 1.20 and a beta of 0.91. The firm’s 50 day moving average price is $151.81 and its two-hundred day moving average price is $136.35.

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

Insider Buying and Selling

In related news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $25,209,646. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders sold a total of 111,575 shares of company stock worth $17,022,387 in the last three months. 0.75% of the stock is owned by insiders.

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.