IAG Wealth Partners LLC Invests $41,000 in Fiserv, Inc. (NYSE:FI)

IAG Wealth Partners LLC bought a new position in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 305 shares of the business services provider’s stock, valued at approximately $41,000.

Other large investors also recently made changes to their positions in the company. Hollencrest Capital Management increased its stake in Fiserv by 75.8% during the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after acquiring an additional 100 shares during the period. West Oak Capital LLC bought a new position in Fiserv during the 4th quarter worth $27,000. Halpern Financial Inc. bought a new position in shares of Fiserv in the 4th quarter valued at $27,000. Fortitude Family Office LLC bought a new position in shares of Fiserv in the 4th quarter valued at $28,000. Finally, Glass Jacobson Investment Advisors llc bought a new position in shares of Fiserv in the 4th quarter valued at $31,000. Institutional investors own 90.98% of the company’s stock.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 23,929 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $151.79, for a total value of $3,632,182.91. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,847,871.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, 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 Analyst Weigh In

FI has been the topic of several recent analyst reports. Susquehanna lifted their price target on Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research note on Monday, March 25th. TD Cowen lifted their price target on Fiserv from $167.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday. Evercore ISI reissued an “outperform” rating and set a $185.00 price objective on shares of Fiserv in a report on Tuesday, March 26th. StockNews.com started coverage on Fiserv in a report on Saturday, February 3rd. They set a “buy” rating on the stock. Finally, Barclays raised their price objective on Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $164.33.

Fiserv Stock Up 1.7 %

Fiserv stock traded up $2.60 during midday trading on Friday, reaching $155.89. The stock had a trading volume of 3,196,489 shares, compared to its average volume of 2,315,910. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $159.99. The company has a market capitalization of $91.21 billion, a P/E ratio of 29.14, a PEG ratio of 1.24 and a beta of 0.91. The company has a fifty 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.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The business had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same period in the previous year, the company posted $1.58 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts expect that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

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.