Foster & Motley Inc. Makes New $459,000 Investment in Fiserv, Inc. (NYSE:FI)

Foster & Motley Inc. purchased a new stake in Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,454 shares of the business services provider’s stock, valued at approximately $459,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Fiserv by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock valued at $5,705,241,000 after purchasing an additional 789,232 shares in the last quarter. Northern Trust Corp increased its stake in Fiserv by 2.7% in the 3rd quarter. Northern Trust Corp now owns 6,416,853 shares of the business services provider’s stock worth $724,848,000 after acquiring an additional 168,286 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Fiserv by 5.2% in the 3rd quarter. Invesco Ltd. now owns 5,207,615 shares of the business services provider’s stock valued at $588,252,000 after acquiring an additional 258,036 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Fiserv by 1.8% during the 3rd quarter. California Public Employees Retirement System now owns 3,340,624 shares of the business services provider’s stock valued at $377,357,000 after acquiring an additional 60,176 shares during the last quarter. Finally, Nordea Investment Management AB purchased a new position in shares of Fiserv during the fourth quarter worth about $351,525,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Trading Down 2.0 %

Shares of FI opened at $152.25 on Thursday. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $159.99. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.81. The firm’s 50-day moving average price is $152.28 and its 200-day moving average price is $137.34. The firm has a market capitalization of $89.64 billion, a price-to-earnings ratio of 28.46, a PEG ratio of 1.27 and a beta of 0.91.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on FI. StockNews.com assumed coverage on shares of Fiserv in a research report on Saturday, February 3rd. They set a “buy” rating for the company. Stephens reiterated an “equal weight” rating and issued a $165.00 target price on shares of Fiserv in a research report on Wednesday. Jefferies Financial Group raised their price target on Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Monday, March 25th. Morgan Stanley lifted their price target on Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Finally, Royal Bank of Canada increased their price objective on Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.33.

Insider Buying and Selling at Fiserv

In related news, COO Guy Chiarello sold 63,646 shares of Fiserv stock in a transaction dated Wednesday, March 20th. The shares were 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 directly owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 111,575 shares of company stock valued at $17,022,387. 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.