Hoylecohen LLC Purchases New Position in Fiserv, Inc. (NYSE:FI)

Hoylecohen LLC acquired a new position in Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,215 shares of the business services provider’s stock, valued at approximately $560,000.

Other hedge funds have also bought and sold shares of the company. NBC Securities Inc. purchased a new position in Fiserv during the third quarter valued at approximately $846,000. Ieq Capital LLC grew its position in shares of Fiserv by 3.5% during the 3rd quarter. Ieq Capital LLC now owns 23,483 shares of the business services provider’s stock valued at $2,653,000 after purchasing an additional 799 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Fiserv by 0.9% in the third quarter. Victory Capital Management Inc. now owns 421,263 shares of the business services provider’s stock worth $47,586,000 after purchasing an additional 3,829 shares during the period. Los Angeles Capital Management LLC raised its position in shares of Fiserv by 67.5% in the third quarter. Los Angeles Capital Management LLC now owns 54,610 shares of the business services provider’s stock worth $6,169,000 after buying an additional 22,004 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Fiserv by 429.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 93,537 shares of the business services provider’s stock valued at $10,566,000 after acquiring an additional 75,874 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Trading Up 0.1 %

NYSE FI traded up $0.14 during trading on Friday, hitting $150.34. The company had a trading volume of 1,579,942 shares, compared to its average volume of 2,305,582. The company’s fifty day moving average is $153.50 and its 200-day moving average is $143.04. Fiserv, Inc. has a one year low of $109.11 and a one year 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. The company has a market cap of $87.96 billion, a price-to-earnings ratio of 28.10, a price-to-earnings-growth ratio of 1.21 and a beta of 0.92.

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

Insider Activity

In other news, COO Guy Chiarello sold 63,646 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,209,646. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold a total of 111,575 shares of company stock worth $17,022,387 in the last quarter. 0.75% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on FI shares. StockNews.com began coverage on Fiserv in a research note on Saturday, February 3rd. They set a “buy” rating for the company. Evercore ISI reaffirmed an “outperform” rating and issued a $185.00 target price on shares of Fiserv in a research note on Tuesday, March 26th. Royal Bank of Canada lifted their price target on shares of Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Citigroup upped their price objective on shares of Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Finally, Susquehanna lifted their target price on shares of Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research report on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and an average price target of $164.83.

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.