Foundations Investment Advisors LLC Makes New $604,000 Investment in Fiserv, Inc. (NYSE:FI)

Foundations Investment Advisors LLC purchased a new stake in shares of Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,194 shares of the business services provider’s stock, valued at approximately $604,000.

A number of other large investors also recently added to or reduced their stakes in FI. Allworth Financial LP increased its position in shares of Fiserv by 21.6% in the 3rd quarter. Allworth Financial LP now owns 2,820 shares of the business services provider’s stock valued at $319,000 after buying an additional 500 shares in the last quarter. AIA Group Ltd acquired a new position in shares of Fiserv in the 3rd quarter valued at approximately $644,000. Daiwa Securities Group Inc. increased its stake in Fiserv by 5.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 74,068 shares of the business services provider’s stock worth $8,367,000 after purchasing an additional 3,567 shares in the last quarter. Csenge Advisory Group acquired a new stake in Fiserv during the 3rd quarter worth approximately $233,000. Finally, Empirical Finance LLC lifted its stake in Fiserv by 11.0% in the third quarter. Empirical Finance LLC now owns 20,884 shares of the business services provider’s stock valued at $2,359,000 after buying an additional 2,069 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FI. Barclays raised their price objective on shares of Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Royal Bank of Canada boosted their price target on Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Robert W. Baird increased their price objective on Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. BMO Capital Markets boosted their target price on Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Finally, TD Cowen raised their price target on shares of Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $164.33.

Fiserv Stock Down 0.1 %

Shares of FI opened at $152.71 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $159.99. The firm’s 50 day moving average is $153.38 and its 200-day moving average is $141.84. The stock has a market capitalization of $89.35 billion, a PE ratio of 28.54, a P/E/G ratio of 1.23 and a beta of 0.92.

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

Insider Activity at Fiserv

In other news, COO Guy Chiarello sold 23,929 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 111,575 shares of company stock valued at $17,022,387 over the last quarter. 0.75% of the stock is owned by corporate insiders.

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.