Friedenthal Financial Takes $49,000 Position in Fiserv, Inc. (NYSE:FI)

Friedenthal Financial purchased a new stake in Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 240 shares of the business services provider’s stock, valued at approximately $49,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FI. Wedmont Private Capital lifted its position in shares of Fiserv by 5.8% in the fourth quarter. Wedmont Private Capital now owns 6,583 shares of the business services provider’s stock valued at $1,320,000 after acquiring an additional 363 shares in the last quarter. Asset Allocation & Management Company LLC purchased a new position in Fiserv in the 4th quarter valued at $224,000. Cardano Risk Management B.V. purchased a new stake in shares of Fiserv during the fourth quarter worth $97,254,000. Capital Investment Advisors LLC raised its position in shares of Fiserv by 4.9% in the fourth quarter. Capital Investment Advisors LLC now owns 4,906 shares of the business services provider’s stock valued at $1,008,000 after buying an additional 229 shares during the last quarter. Finally, Trust Co. of Toledo NA OH lifted its stake in shares of Fiserv by 8.9% in the fourth quarter. Trust Co. of Toledo NA OH now owns 1,902 shares of the business services provider’s stock worth $391,000 after buying an additional 156 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on FI shares. Jefferies Financial Group increased their price objective on shares of Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Susquehanna increased their price target on Fiserv from $190.00 to $230.00 and gave the company a “positive” rating in a report on Friday, October 18th. Wells Fargo & Company boosted their price objective on Fiserv from $215.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Citigroup lifted their price target on Fiserv from $187.00 to $226.00 in a report on Tuesday, October 22nd. Finally, The Goldman Sachs Group upped their price objective on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Three equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $222.88.

Insider Transactions at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now owns 38,771 shares in the company, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total value of $6,033,900.00. Following the sale, the director now directly owns 33,235 shares of the company’s stock, valued at $6,684,555.55. This trade represents a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 90,821 shares of company stock valued at $18,581,095. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Price Performance

Fiserv stock opened at $201.63 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 52-week low of $135.97 and a 52-week high of $223.23. The firm has a market cap of $114.71 billion, a PE ratio of 38.78, a price-to-earnings-growth ratio of 1.56 and a beta of 0.94. The company’s 50 day moving average is $209.66 and its two-hundred day moving average is $185.68.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same period last year, the firm earned $1.96 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, research analysts expect that Fiserv, Inc. will post 8.77 EPS for the current fiscal year.

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.