Wisconsin Capital Management LLC Acquires Shares of 15,105 Fiserv, Inc. (NYSE:FI)

Wisconsin Capital Management LLC bought a new stake in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,105 shares of the business services provider’s stock, valued at approximately $2,007,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FI. Hollencrest Capital Management increased its holdings in 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 buying an additional 100 shares in the last quarter. West Oak Capital LLC bought a new stake in shares of Fiserv in the fourth quarter worth approximately $27,000. Halpern Financial Inc. purchased a new position in shares of Fiserv during the fourth quarter valued at approximately $27,000. Fortitude Family Office LLC bought a new position in Fiserv during the fourth quarter valued at approximately $28,000. Finally, Glass Jacobson Investment Advisors llc purchased a new stake in Fiserv in the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

In other news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were 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 approximately $25,209,646. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 111,575 shares of company stock worth $17,022,387 over the last three months. 0.75% of the stock is owned by corporate insiders.

Fiserv Trading Up 0.7 %

Shares of NYSE FI traded up $1.04 during trading hours on Thursday, hitting $153.29. 3,049,942 shares of the company traded hands, compared to its average volume of 2,557,857. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.81. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $159.99. The stock has a market capitalization 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 company’s 50 day moving average price is $152.39 and its 200 day moving average price is $137.45.

Fiserv (NYSE:FI) last issued its earnings results 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. The firm had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.58 earnings per share. On average, equities research analysts anticipate that Fiserv, Inc. will post 8.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. BMO Capital Markets raised their target price on Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a research report on Wednesday. B. Riley raised their price objective on shares of Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday. Jefferies Financial Group upped their target price on shares of Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a report on Monday, March 25th. Oppenheimer upgraded shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price target on the stock in a research note on Thursday, January 11th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $185.00 target price on shares of Fiserv in a report on Tuesday, March 26th. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $164.33.

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.