Epic Trust Investment Advisors LLC Makes New Investment in Fiserv, Inc. (NYSE:FI)

Epic Trust Investment Advisors LLC acquired a new stake in Fiserv, Inc. (NYSE:FI) in the fourth quarter, Holdings Channel.com reports. The firm acquired 3,071 shares of the business services provider’s stock, valued at approximately $408,000.

Several other large investors have also made changes to their positions in the business. Brighton Jones LLC boosted its stake in shares of Fiserv by 4.0% in the third quarter. Brighton Jones LLC now owns 2,385 shares of the business services provider’s stock valued at $269,000 after purchasing an additional 92 shares during the period. Jacobi Capital Management LLC boosted its position in Fiserv by 0.9% in the 3rd quarter. Jacobi Capital Management LLC now owns 10,099 shares of the business services provider’s stock valued at $1,141,000 after buying an additional 94 shares during the period. UniSuper Management Pty Ltd grew its stake in shares of Fiserv by 2.3% in the third quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the business services provider’s stock worth $508,000 after acquiring an additional 100 shares in the last quarter. Hollencrest Capital Management increased its position in shares of Fiserv by 75.8% during the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after acquiring an additional 100 shares during the period. Finally, Argonautica Private Wealth Management Inc. raised its stake in shares of Fiserv by 2.5% in the third quarter. Argonautica Private Wealth Management Inc. now owns 4,128 shares of the business services provider’s stock valued at $466,000 after acquiring an additional 101 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FI has been the subject of a number of analyst reports. Jefferies Financial Group boosted their price objective on Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Monday, March 25th. Barclays boosted their price objective on shares of Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Citigroup increased their target price on shares of Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Susquehanna upped their price objective on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research note on Monday, March 25th. Finally, BNP Paribas raised Fiserv from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 10th. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $164.33.

Fiserv Trading Down 1.1 %

NYSE FI traded down $1.71 during mid-day trading on Tuesday, hitting $152.61. The company’s stock had a trading volume of 1,171,536 shares, compared to its average volume of 2,537,807. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $159.99. The stock’s fifty day simple moving average is $152.67 and its two-hundred day simple moving average is $138.36. The firm has a market capitalization of $89.29 billion, a P/E ratio of 28.84, a price-to-earnings-growth ratio of 1.26 and a beta of 0.91.

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

Insider Activity

In related news, COO Guy Chiarello sold 23,929 shares of the firm’s stock in a transaction 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 directly owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Company 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.