GAMMA Investing LLC Makes New $1.20 Million Investment in Fiserv, Inc. (NYSE:FI)

GAMMA Investing LLC bought a new position in shares of Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,457 shares of the business services provider’s stock, valued at approximately $1,200,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FI. Naples Global Advisors LLC grew its position in Fiserv by 6.9% during the third quarter. Naples Global Advisors LLC now owns 3,258 shares of the business services provider’s stock worth $368,000 after buying an additional 211 shares during the period. DAVENPORT & Co LLC lifted its holdings in shares of Fiserv by 18.0% in the third quarter. DAVENPORT & Co LLC now owns 13,128 shares of the business services provider’s stock valued at $1,483,000 after purchasing an additional 2,002 shares in the last quarter. Bellecapital International Ltd. lifted its holdings in shares of Fiserv by 0.8% in the third quarter. Bellecapital International Ltd. now owns 73,331 shares of the business services provider’s stock valued at $8,283,000 after purchasing an additional 615 shares in the last quarter. Meridian Wealth Management LLC lifted its holdings in shares of Fiserv by 76.4% in the third quarter. Meridian Wealth Management LLC now owns 11,612 shares of the business services provider’s stock valued at $1,312,000 after purchasing an additional 5,031 shares in the last quarter. Finally, KFG Wealth Management LLC lifted its holdings in shares of Fiserv by 14.3% in the third quarter. KFG Wealth Management LLC now owns 3,507 shares of the business services provider’s stock valued at $396,000 after purchasing an additional 439 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Up 4.4 %

FI traded up $6.58 during trading hours on Tuesday, reaching $155.38. 5,334,710 shares of the stock traded hands, compared to its average volume of 2,552,451. The firm’s fifty day simple moving average is $151.90 and its two-hundred day simple moving average is $136.94. The company has a market cap of $91.48 billion, a price-to-earnings ratio of 29.76, a PEG ratio of 1.21 and a beta of 0.91. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week 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.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.09. The business had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the business earned $1.58 EPS. As a group, analysts forecast that Fiserv, Inc. will post 8.63 earnings per share for the current fiscal year.

Insider Activity at Fiserv

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

Wall Street Analysts Forecast Growth

FI has been the topic of several recent research reports. Jefferies Financial Group upped their price target on shares of Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a report on Monday, March 25th. Stephens upped their price target on shares of Fiserv from $140.00 to $150.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Morgan Stanley upped their price target on shares of Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Evercore ISI reissued an “outperform” rating and set a $185.00 price objective on shares of Fiserv in a research note on Tuesday, March 26th. Finally, B. Riley upped their price objective on shares of Fiserv from $152.00 to $176.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $157.79.

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.