Los Angeles Capital Management LLC Acquires Shares of 128,298 Fiserv, Inc. (NYSE:FI)

Los Angeles Capital Management LLC bought a new position in shares of Fiserv, Inc. (NYSE:FI) during the 4th quarter, Holdings Channel.com reports. The fund bought 128,298 shares of the business services provider’s stock, valued at approximately $17,043,000.

Other large investors have also modified their holdings of the company. Hollencrest Capital Management grew its holdings in 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. West Oak Capital LLC purchased a new stake in shares of Fiserv during the 4th quarter worth $27,000. Halpern Financial Inc. acquired a new stake in shares of Fiserv in the fourth quarter valued at about $27,000. Fortitude Family Office LLC acquired a new stake in shares of Fiserv during the 4th quarter valued at approximately $28,000. Finally, Glass Jacobson Investment Advisors llc purchased a new stake in Fiserv during the fourth quarter worth $31,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Fiserv

In other news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total value of $9,801,484.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,209,646. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Trading Up 0.0 %

Shares of Fiserv stock traded up $0.05 during trading hours on Friday, reaching $149.22. The stock had a trading volume of 2,942,846 shares, compared to its average volume of 2,577,646. 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, Inc. has a 1 year low of $109.11 and a 1 year high of $159.99. The firm has a market capitalization of $87.31 billion, a price-to-earnings ratio of 27.89, a P/E/G ratio of 1.20 and a beta of 0.92. The firm has a 50 day simple moving average of $152.77 and a two-hundred day simple moving average of $138.79.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $4.57 billion. During the same quarter last year, the firm posted $1.58 earnings per share. Fiserv’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Fiserv, Inc. will post 8.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FI. KeyCorp raised their price objective on shares of Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. BMO Capital Markets boosted their price target on Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Evercore ISI reaffirmed an “outperform” rating and set a $185.00 price objective on shares of Fiserv in a research note on Tuesday, March 26th. Robert W. Baird boosted their target price on shares of Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Finally, BNP Paribas raised shares of Fiserv from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 10th. Six investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $164.33.

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.