Roble Belko & Company Inc Makes New Investment in Fiserv, Inc. (NYSE:FI)

Roble Belko & Company Inc bought a new stake in shares of Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 800 shares of the business services provider’s stock, valued at approximately $106,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of FI. Hollencrest Capital Management grew its position in shares of Fiserv by 75.8% during the 3rd 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 bought a new position in Fiserv in the 4th quarter worth approximately $27,000. Halpern Financial Inc. bought a new position in Fiserv in the 4th quarter worth approximately $27,000. Fortitude Family Office LLC bought a new position in Fiserv in the 4th quarter worth approximately $28,000. Finally, Glass Jacobson Investment Advisors llc bought a new position in Fiserv in the 4th quarter worth approximately $31,000. 90.98% of the stock is owned by institutional investors.

Insider Activity

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

Analyst Ratings Changes

Several research analysts recently commented on FI shares. KeyCorp raised their price objective on shares of Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday. Royal Bank of Canada raised their price objective on shares of Fiserv from $144.00 to $158.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Robert W. Baird raised their price objective on shares of Fiserv from $168.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Susquehanna raised their price objective on shares of Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a report on Monday, March 25th. Finally, B. Riley raised their price target on shares of Fiserv from $152.00 to $176.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Six analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and an average target price of $157.79.

Fiserv Price Performance

FI stock traded up $0.18 during mid-day trading on Monday, hitting $148.80. 2,743,240 shares of the stock were exchanged, compared to its average volume of 2,516,318. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 1.04. The business has a fifty day moving average price of $151.90 and a 200 day moving average price of $136.94. 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 $87.61 billion, a price-to-earnings ratio of 29.76, a PEG ratio of 1.21 and a beta of 0.91.

Fiserv (NYSE:FI) last released its 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. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The company had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.68 billion. During the same quarter in the previous year, the company posted $1.91 EPS. Fiserv’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, sell-side analysts anticipate that Fiserv, Inc. will post 8.63 EPS for the current year.

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.