Wealth Alliance Makes New Investment in Fiserv, Inc. (NYSE:FI)

Wealth Alliance acquired a new position in Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,950 shares of the business services provider’s stock, valued at approximately $658,000.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Fiserv by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock valued at $5,705,241,000 after buying an additional 789,232 shares during the period. State Street Corp increased its holdings in Fiserv by 4.1% in the 1st quarter. State Street Corp now owns 25,700,156 shares of the business services provider’s stock valued at $2,904,889,000 after buying an additional 1,022,653 shares during the period. Geode Capital Management LLC increased its holdings in Fiserv by 1.2% in the 1st quarter. Geode Capital Management LLC now owns 12,421,876 shares of the business services provider’s stock valued at $1,400,906,000 after buying an additional 149,811 shares during the period. Morgan Stanley grew its holdings in shares of Fiserv by 131.3% during the 4th quarter. Morgan Stanley now owns 9,980,646 shares of the business services provider’s stock valued at $1,008,744,000 after purchasing an additional 5,666,145 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in shares of Fiserv by 14.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 6,606,698 shares of the business services provider’s stock valued at $833,435,000 after purchasing an additional 817,660 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is owned by company insiders.

Fiserv Stock Performance

NYSE FI opened at $147.13 on Thursday. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $159.99. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market cap of $86.62 billion, a price-to-earnings ratio of 29.43, a PEG ratio of 1.20 and a beta of 0.91. The company has a fifty day moving average price of $151.65 and a 200-day moving average price of $136.03.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.04. The firm 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 business’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.91 EPS. As a group, equities research analysts predict that Fiserv, Inc. will post 8.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FI has been the topic of a number of research reports. Barclays boosted their target price on shares of Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. BNP Paribas raised shares of Fiserv from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 10th. Evercore ISI reissued an “outperform” rating and set a $185.00 target price on shares of Fiserv in a report on Tuesday, March 26th. Oppenheimer raised shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 target price on the stock in a report on Thursday, January 11th. Finally, B. Riley boosted their price target on shares of Fiserv from $152.00 to $176.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Six investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and an average target price of $158.21.

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.