Schmidt P J Investment Management Inc. Acquires Shares of 2,888 Fiserv, Inc. (NYSE:FI)

Schmidt P J Investment Management Inc. bought a new stake in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,888 shares of the business services provider’s stock, valued at approximately $408,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hollencrest Capital Management raised its stake in shares of Fiserv by 75.8% in the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 100 shares during the period. West Oak Capital LLC purchased a new position in Fiserv in the 4th quarter worth about $27,000. Halpern Financial Inc. purchased a new position in Fiserv in the 4th quarter worth about $27,000. Atlas Capital Advisors LLC increased its stake in Fiserv by 71.9% in the 2nd quarter. Atlas Capital Advisors LLC now owns 306 shares of the business services provider’s stock worth $27,000 after buying an additional 128 shares during the period. Finally, PCA Investment Advisory Services Inc. purchased a new position in Fiserv in the 2nd quarter worth about $27,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

FI has been the topic of several recent analyst reports. Royal Bank of Canada raised their price target on shares of Fiserv from $144.00 to $158.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. BMO Capital Markets raised their price target on shares of Fiserv from $152.00 to $157.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. Tigress Financial raised their price target on shares of Fiserv from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, December 22nd. BNP Paribas raised shares of Fiserv from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 10th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $185.00 price target on shares of Fiserv in a research note on Tuesday, March 26th. Seven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and a consensus target price of $158.21.

Fiserv Stock Down 1.6 %

NYSE:FI opened at $151.20 on Friday. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The stock has a market capitalization of $89.02 billion, a P/E ratio of 30.24, a P/E/G ratio of 1.26 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 company’s 50-day simple moving average is $151.38 and its 200-day simple moving average is $135.17.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.04. The business had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.68 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business earned $1.91 EPS. On average, equities analysts anticipate that Fiserv, Inc. will post 8.62 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 63,646 shares of Fiserv 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 directly owns 163,699 shares in the company, valued at approximately $25,209,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 18.20% of the stock is owned by company insiders.

Fiserv 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.