Cape Investment Advisory Inc. Makes New $978,000 Investment in Fiserv, Inc. (NYSE:FI)

Cape Investment Advisory Inc. purchased a new position in Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,362 shares of the business services provider’s stock, valued at approximately $978,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Hollencrest Capital Management raised its holdings in shares of Fiserv by 75.8% in the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after purchasing an additional 100 shares during the period. West Oak Capital LLC purchased a new position in shares of Fiserv in the 4th quarter worth about $27,000. Halpern Financial Inc. purchased a new position in shares of Fiserv in the 4th quarter worth about $27,000. GW&K Investment Management LLC purchased a new position in shares of Fiserv in the 4th quarter worth about $27,000. Finally, Fortitude Family Office LLC purchased a new position in shares of Fiserv in the 4th quarter worth about $28,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Performance

Shares of FI traded up $0.14 during mid-day trading on Friday, hitting $150.34. The stock had a trading volume of 1,579,942 shares, compared to its average volume of 2,305,582. The company has a market cap of $87.96 billion, a PE ratio of 28.10, a PEG ratio of 1.21 and a beta of 0.92. The company’s fifty day simple moving average is $153.50 and its two-hundred day simple moving average is $143.20. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.99.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The business had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same quarter in the previous year, the firm posted $1.58 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities analysts expect that Fiserv, Inc. will post 8.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. StockNews.com assumed coverage on Fiserv in a report on Saturday, February 3rd. They issued a “buy” rating on the stock. Royal Bank of Canada raised their target price on Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Truist Financial raised their target price on Fiserv from $140.00 to $145.00 and gave the company a “hold” rating in a report on Wednesday, February 7th. B. Riley raised their target price on Fiserv from $176.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, Stephens reiterated an “equal weight” rating and set a $165.00 target price on shares of Fiserv in a report on Wednesday, April 24th. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and an average target price of $164.83.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 63,646 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,209,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 111,575 shares of company stock worth $17,022,387 in the last 90 days. 0.75% of the stock is currently owned by company 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.