First Interstate Bank Acquires Shares of 9,495 Fiserv, Inc. (NYSE:FI)

First Interstate Bank acquired a new stake in Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 9,495 shares of the business services provider’s stock, valued at approximately $1,261,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FI. First Manhattan Co. grew its stake in Fiserv by 4.6% during the 4th quarter. First Manhattan Co. now owns 1,966 shares of the business services provider’s stock valued at $199,000 after purchasing an additional 86 shares in the last quarter. Holderness Investments Co. grew its stake in Fiserv by 4.1% during the 2nd quarter. Holderness Investments Co. now owns 2,295 shares of the business services provider’s stock valued at $290,000 after purchasing an additional 90 shares in the last quarter. Apeiron RIA LLC grew its stake in Fiserv by 2.9% during the 3rd quarter. Apeiron RIA LLC now owns 3,217 shares of the business services provider’s stock valued at $363,000 after purchasing an additional 90 shares in the last quarter. Brighton Jones LLC grew its stake in Fiserv by 4.0% during the 3rd 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 in the last quarter. Finally, Proficio Capital Partners LLC grew its stake in Fiserv by 5.1% during the 2nd quarter. Proficio Capital Partners LLC now owns 1,950 shares of the business services provider’s stock valued at $246,000 after purchasing an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $149.53, for a total transaction of $3,588,720.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,477,911.47. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.75% of the company’s stock.

Fiserv Stock Down 1.2 %

FI traded down $1.79 on Tuesday, hitting $146.40. 3,294,096 shares of the company were exchanged, compared to its average volume of 2,513,386. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $159.99. The company has a market cap of $86.19 billion, a PE ratio of 29.64, a PEG ratio of 1.24 and a beta of 0.91. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.04. The stock’s fifty day moving average is $151.46 and its 200-day moving average is $135.71.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.04. The firm had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.68 billion. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.91 earnings per share. Equities research analysts predict that Fiserv, Inc. will post 8.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FI has been the topic of a number of research analyst reports. Jefferies Financial Group increased their target price on Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a report on Monday, March 25th. BNP Paribas raised Fiserv from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 10th. Mizuho reaffirmed a “buy” rating and set a $156.00 target price on shares of Fiserv in a report on Wednesday, March 27th. Royal Bank of Canada increased their target price on Fiserv from $144.00 to $158.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Finally, Barclays increased their target price on Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Six research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $158.21.

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.