Jackson Hole Capital Partners LLC Buys Shares of 11,278 Fiserv, Inc. (NYSE:FI)

Jackson Hole Capital Partners LLC purchased a new position in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,278 shares of the business services provider’s stock, valued at approximately $1,498,000.

A number of other large investors have also modified their holdings of FI. Hollencrest Capital Management grew its stake 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 last quarter. West Oak Capital LLC purchased a new stake in Fiserv in the fourth quarter valued at approximately $27,000. Halpern Financial Inc. purchased a new stake in Fiserv in the fourth quarter valued at approximately $27,000. Fortitude Family Office LLC purchased a new stake in Fiserv in the fourth quarter valued at approximately $28,000. Finally, Glass Jacobson Investment Advisors llc purchased a new stake in Fiserv in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FI shares. Royal Bank of Canada upped their target price on Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday. Barclays upped their target price on Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Oppenheimer raised Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price target for the company in a report on Thursday, January 11th. BMO Capital Markets boosted their price target on Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, B. Riley boosted their price target on Fiserv from $176.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.33.

Fiserv Price Performance

Shares of FI traded up $1.04 during trading hours on Thursday, hitting $153.29. 3,049,942 shares of the stock were exchanged, compared to its average volume of 2,557,857. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.04 and a current ratio of 1.06. 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 $90.25 billion, a price-to-earnings ratio of 28.65, a price-to-earnings-growth ratio of 1.27 and a beta of 0.91. The stock’s 50-day moving average price is $152.39 and its two-hundred day moving average price is $137.45.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping the consensus estimate of $1.77 by $0.11. The firm had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.58 earnings per share. Research analysts expect that Fiserv, Inc. will post 8.63 earnings per share for the current year.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $24,477,911.47. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 111,575 shares of company stock worth $17,022,387 in the last three months. 0.75% of the stock is 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.