Bowman & Co S.C. Has $1.63 Million Position in Fiserv, Inc. (NYSE:FI)

Bowman & Co S.C. boosted its stake in shares of Fiserv, Inc. (NYSE:FI) by 4.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,935 shares of the business services provider’s stock after purchasing an additional 366 shares during the quarter. Bowman & Co S.C.’s holdings in Fiserv were worth $1,630,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. IAM Advisory LLC bought a new stake in shares of Fiserv during the fourth quarter worth $273,000. Ameritas Advisory Services LLC grew its holdings in shares of Fiserv by 42.2% during the fourth quarter. Ameritas Advisory Services LLC now owns 15,372 shares of the business services provider’s stock worth $3,158,000 after purchasing an additional 4,562 shares during the last quarter. Trust Co. of Vermont grew its holdings in shares of Fiserv by 170.4% during the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock worth $1,405,000 after purchasing an additional 4,310 shares during the last quarter. Value Holdings Management CO. LLC grew its holdings in shares of Fiserv by 6.1% during the fourth quarter. Value Holdings Management CO. LLC now owns 35,000 shares of the business services provider’s stock worth $7,190,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Premier Path Wealth Partners LLC grew its holdings in shares of Fiserv by 2.6% during the fourth quarter. Premier Path Wealth Partners LLC now owns 2,486 shares of the business services provider’s stock worth $511,000 after purchasing an additional 63 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on FI. Tigress Financial increased their target price on Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Stephens reiterated an “overweight” rating and issued a $255.00 price target on shares of Fiserv in a report on Thursday, January 2nd. Keefe, Bruyette & Woods raised their target price on Fiserv from $225.00 to $238.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Morgan Stanley raised their target price on Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Finally, BMO Capital Markets raised their price target on Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and an average target price of $224.00.

Fiserv Price Performance

Fiserv stock opened at $208.67 on Friday. Fiserv, Inc. has a 52 week low of $136.93 and a 52 week high of $223.23. The stock has a fifty day moving average of $209.45 and a 200-day moving average of $186.76. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $118.71 billion, a P/E ratio of 40.13, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.04. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter in the prior year, the firm earned $1.96 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, sell-side analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Fiserv

In related news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the sale, the chief accounting officer now owns 38,771 shares in the company, valued at $8,320,644.31. This represents a 34.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total value of $6,033,900.00. Following the sale, the director now owns 33,235 shares in the company, valued at approximately $6,684,555.55. The trade was a 47.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,821 shares of company stock worth $18,581,095. Insiders own 0.75% of the company’s stock.

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.