Argonautica Private Wealth Management Inc. Buys Shares of 4,128 Fiserv, Inc. (NYSE:FI)

Argonautica Private Wealth Management Inc. bought a new stake in shares of Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,128 shares of the business services provider’s stock, valued at approximately $548,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bahl & Gaynor Inc. bought a new stake in shares of Fiserv in the 4th quarter worth approximately $9,409,000. Trust Asset Management LLC bought a new stake in shares of Fiserv in the 4th quarter worth approximately $983,000. Wisconsin Capital Management LLC bought a new stake in shares of Fiserv in the 4th quarter worth approximately $2,007,000. Jackson Hole Capital Partners LLC bought a new stake in shares of Fiserv in the 4th quarter worth approximately $1,498,000. Finally, Prentiss Smith & Co. Inc. bought a new stake in shares of Fiserv in the 4th quarter worth approximately $795,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $149.53, for a total value of $3,588,720.00. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,477,911.47. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have sold 111,575 shares of company stock valued at $17,022,387. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Trading Up 1.7 %

Shares of NYSE:FI traded up $2.60 during trading on Friday, hitting $155.89. 3,196,489 shares of the company’s stock were exchanged, compared to its average volume of 2,315,910. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $159.99. The firm has a 50-day moving average price of $152.54 and a two-hundred day moving average price of $137.74. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.81. The firm has a market cap of $91.21 billion, a P/E ratio of 29.14, a PEG ratio of 1.24 and a beta of 0.91.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The firm had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.58 earnings per share. Equities analysts predict that Fiserv, Inc. will post 8.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FI has been the topic of a number of research reports. BNP Paribas upgraded shares of Fiserv from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 10th. 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 research report on Wednesday, February 7th. Royal Bank of Canada upped their price target on shares of Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday. StockNews.com started coverage on shares of Fiserv in a research report on Saturday, February 3rd. They issued a “buy” rating for the company. Finally, Evercore ISI restated an “outperform” rating and issued a $185.00 price target on shares of Fiserv in a research report on Tuesday, March 26th. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.33.

Fiserv 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.