Financial Partners Group LLC Takes $202,000 Position in Fiserv, Inc. (NYSE:FI)

Financial Partners Group LLC bought a new position in Fiserv, Inc. (NYSE:FI) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,264 shares of the business services provider’s stock, valued at approximately $202,000.

Other large investors have also recently made changes to their positions in the company. West Oak Capital LLC bought a new position in Fiserv during the 4th quarter worth about $27,000. Halpern Financial Inc. acquired a new stake in Fiserv during the 4th quarter worth about $27,000. GW&K Investment Management LLC acquired a new position in shares of Fiserv in the fourth quarter valued at about $27,000. RE Dickinson Investment Advisors LLC purchased a new position in shares of Fiserv in the fourth quarter worth about $27,000. Finally, Fortitude Family Office LLC acquired a new stake in shares of Fiserv during the fourth quarter worth about $28,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Price Performance

NYSE:FI traded down $0.04 during trading hours on Friday, hitting $149.04. 3,926,039 shares of the stock were exchanged, compared to its average volume of 2,461,209. The company has a market cap of $87.20 billion, a P/E ratio of 27.86, a P/E/G ratio of 1.20 and a beta of 0.93. The firm’s fifty day moving average price is $150.81 and its 200 day moving average price is $147.18. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $159.99. 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 (NYSE:FI) last issued its quarterly earnings results 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. The firm had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.58 earnings per share. As a group, equities research analysts anticipate that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

Analysts Set New Price Targets

FI has been the topic of several research reports. Wells Fargo & Company started coverage on shares of Fiserv in a report on Wednesday, June 12th. They issued an “overweight” rating and a $180.00 price target on the stock. BMO Capital Markets boosted their target price on shares of Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Evercore ISI reaffirmed an “outperform” rating and set a $185.00 price target on shares of Fiserv in a research report on Tuesday, March 26th. Mizuho boosted their price objective on Fiserv from $156.00 to $168.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Finally, B. Riley raised their target price on Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $165.44.

Insider Transactions at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $148.47, for a total value of $3,563,280.00. Following the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,304,390.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the completion of the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,304,390.53. The disclosure for this sale can be found here. Insiders sold 50,729 shares of company stock valued at $7,611,991 over the last 90 days. 0.75% of the stock is currently 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.