Jaffetilchin Investment Partners LLC Takes Position in Fiserv, Inc. (NYSE:FI)

Jaffetilchin Investment Partners LLC acquired a new stake in Fiserv, Inc. (NYSE:FI) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,302 shares of the business services provider’s stock, valued at approximately $208,000.

A number of other large investors also recently modified their holdings of the company. Wellington Shields & Co. LLC bought a new stake in Fiserv during the first quarter valued at approximately $25,000. GW&K Investment Management LLC bought a new stake in Fiserv during the fourth quarter valued at approximately $27,000. RE Dickinson Investment Advisors LLC bought a new stake in Fiserv during the fourth quarter valued at approximately $27,000. Private Wealth Management Group LLC bought a new stake in Fiserv during the fourth quarter valued at approximately $30,000. Finally, Glass Jacobson Investment Advisors llc bought a new stake in Fiserv during the fourth quarter valued at approximately $31,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Performance

Shares of NYSE FI traded down $2.43 during trading on Friday, reaching $158.96. 1,434,453 shares of the company traded hands, compared to its average volume of 2,514,092. The firm has a 50 day simple moving average of $152.17 and a 200-day simple moving average of $150.58. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $91.52 billion, a PE ratio of 29.58, a P/E/G ratio of 1.32 and a beta of 0.92. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $165.56.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. The firm had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.81 EPS. Equities research analysts anticipate that Fiserv, Inc. will post 8.73 earnings per share for the current year.

Insider Transactions at Fiserv

In other news, 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 value of $3,563,280.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,304,390.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $3,563,280.00. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,304,390.53. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $148.76, for a total transaction of $416,528.00. Following the sale, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,213,329.48. The disclosure for this sale can be found here. Insiders have sold 50,800 shares of company stock worth $7,696,448 in the last quarter. Company insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

FI has been the topic of several research reports. Wells Fargo & Company lifted their price target on shares of Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Wednesday, June 26th. Stephens reissued an “equal weight” rating and set a $165.00 price target on shares of Fiserv in a research note on Wednesday, April 24th. Keefe, Bruyette & Woods lifted their target price on shares of Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, BMO Capital Markets lifted their target price on shares of Fiserv from $168.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Five analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and an average target price of $172.29.

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.