2,027 Shares in Fiserv, Inc. (NYSE:FI) Bought by Allstate Corp

Allstate Corp purchased a new position in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,027 shares of the business services provider’s stock, valued at approximately $269,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hollencrest Capital Management grew its stake in Fiserv by 75.8% in the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after purchasing an additional 100 shares during the period. West Oak Capital LLC purchased a new stake in shares of Fiserv in the fourth quarter worth $27,000. Halpern Financial Inc. purchased a new stake in shares of Fiserv in the fourth quarter worth $27,000. GW&K Investment Management LLC purchased a new stake in shares of Fiserv in the fourth quarter worth $27,000. Finally, Fortitude Family Office LLC purchased a new stake in shares of Fiserv in the fourth quarter worth $28,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Performance

Shares of NYSE FI traded up $0.23 during trading on Friday, hitting $150.43. The company had a trading volume of 392,870 shares, compared to its average volume of 2,485,260. The stock has a 50 day simple moving average of $153.49 and a 200 day simple moving average of $142.82. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $159.99. The firm has a market capitalization of $88.02 billion, a P/E ratio of 28.07, a price-to-earnings-growth 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 the consensus estimate 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 for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter last year, the company earned $1.58 earnings per share. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, analysts anticipate that Fiserv, Inc. will post 8.69 earnings per share for the current year.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 63,646 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at $25,209,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 111,575 shares of company stock valued at $17,022,387 over the last quarter. 0.75% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

FI has been the topic of a number of recent research reports. Citigroup increased their target price on Fiserv from $171.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. UBS Group upped their price target on Fiserv from $170.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Stephens reaffirmed an “equal weight” rating and set a $165.00 price target on shares of Fiserv in a report on Wednesday, April 24th. B. Riley upped their price target on Fiserv from $176.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, KeyCorp upped their price target on Fiserv from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $164.83.

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.