McIlrath & Eck LLC Invests $36,000 in Fiserv, Inc. (NYSE:FI)

McIlrath & Eck LLC purchased a new stake in shares of Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 272 shares of the business services provider’s stock, valued at approximately $36,000.

Several other institutional investors have also added to or reduced their stakes in FI. West Oak Capital LLC purchased a new position in shares of Fiserv during the 4th quarter worth approximately $27,000. Halpern Financial Inc. purchased a new stake in shares of Fiserv in the 4th quarter worth approximately $27,000. Fortitude Family Office LLC purchased a new position in shares of Fiserv in the 4th quarter worth about $28,000. Hollencrest Capital Management grew its position in Fiserv by 75.8% during the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. Finally, Glass Jacobson Investment Advisors llc bought a new stake in shares of Fiserv during the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Down 0.1 %

Shares of FI stock traded down $0.14 during mid-day trading on Thursday, hitting $148.72. 546,447 shares of the stock traded hands, compared to its average volume of 2,543,174. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $159.99. The stock has a market cap of $87.02 billion, a P/E ratio of 27.82, a P/E/G ratio of 1.23 and a beta of 0.92. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s fifty day moving average is $152.79 and its two-hundred day moving average is $138.72.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, topping 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 firm had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter last year, the firm earned $1.58 EPS. The business’s quarterly revenue was up 7.4% on a year-over-year basis. Equities analysts predict that Fiserv, Inc. will post 8.69 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. BMO Capital Markets raised their price target on Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. BNP Paribas upgraded shares of Fiserv from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 10th. KeyCorp boosted their target price on shares of Fiserv from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Mizuho reaffirmed a “buy” rating and set a $156.00 target price on shares of Fiserv in a report on Wednesday, March 27th. Finally, Royal Bank of Canada boosted their price objective on shares of Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $164.33.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was 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 owns 163,699 shares in the company, valued at approximately $24,847,871.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders sold 111,575 shares of company stock valued at $17,022,387. Insiders own 0.75% of the company’s stock.

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.