Eley Financial Management Inc Buys New Position in Fiserv, Inc. (NYSE:FI)

Eley Financial Management Inc bought a new position in shares of Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 37,281 shares of the business services provider’s stock, valued at approximately $4,952,000. Fiserv accounts for approximately 2.3% of Eley Financial Management Inc’s portfolio, making the stock its 10th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Hollencrest Capital Management increased its holdings 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 purchasing an additional 100 shares during the last quarter. West Oak Capital LLC acquired a new stake in Fiserv during the fourth quarter worth $27,000. Halpern Financial Inc. acquired a new stake in Fiserv during the fourth quarter worth $27,000. Fortitude Family Office LLC acquired a new stake in Fiserv during the fourth quarter worth $28,000. Finally, Glass Jacobson Investment Advisors llc acquired a new stake in Fiserv during the fourth quarter worth $31,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Up 2.1 %

Fiserv stock traded up $3.18 during midday trading on Friday, hitting $156.47. The stock had a trading volume of 1,270,371 shares, compared to its average volume of 2,540,648. 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 stock has a market cap of $92.12 billion, a P/E ratio of 28.65, a P/E/G ratio of 1.24 and a beta of 0.91. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $159.99. The business has a fifty day moving average price of $152.39 and a 200 day moving average price of $137.45.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. The business had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.58 EPS. Research analysts predict that Fiserv, Inc. will post 8.67 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on FI shares. Susquehanna increased their target price on Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research note on Monday, March 25th. Royal Bank of Canada raised their price target on Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday. Morgan Stanley raised 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. KeyCorp raised their price target on Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, BMO Capital Markets raised their price target on Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a research note on Wednesday. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $164.33.

Insider Activity

In other news, COO Guy Chiarello sold 23,929 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the completion of the sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,847,871.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders sold 111,575 shares of company stock worth $17,022,387. Insiders own 0.75% of the company’s stock.

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.