Horan Capital Advisors LLC. Makes New $3.81 Million Investment in Fiserv, Inc. (NYSE:FI)

Horan Capital Advisors LLC. purchased a new position in Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 28,644 shares of the business services provider’s stock, valued at approximately $3,805,000. Fiserv accounts for 1.4% of Horan Capital Advisors LLC.’s portfolio, making the stock its 24th largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. West Oak Capital LLC acquired a new position in shares of Fiserv during the 4th quarter valued at $27,000. Halpern Financial Inc. bought a new position in Fiserv during the fourth quarter valued at about $27,000. Fortitude Family Office LLC acquired a new position in Fiserv during the fourth quarter worth about $28,000. Hollencrest Capital Management raised its position in Fiserv by 75.8% in the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after acquiring an additional 100 shares in the last quarter. Finally, Glass Jacobson Investment Advisors llc bought a new stake in Fiserv in the fourth quarter worth about $31,000. 90.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FI shares. Citigroup lifted their price objective on shares of Fiserv from $171.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. StockNews.com initiated coverage on Fiserv in a report on Saturday, February 3rd. They issued a “buy” rating on the stock. Morgan Stanley raised their price objective on Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Evercore ISI reaffirmed an “outperform” rating and set a $185.00 target price on shares of Fiserv in a research report on Tuesday, March 26th. Finally, Stephens reiterated an “equal weight” rating and issued a $165.00 price target on shares of Fiserv in a research report on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and an average target price of $164.33.

Insider Activity

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

Fiserv Stock Up 0.0 %

Shares of Fiserv stock traded up $0.05 on Friday, hitting $149.22. 2,908,470 shares of the company traded hands, compared to its average volume of 2,572,780. The company has a 50-day moving average price of $152.77 and a 200 day moving average price of $138.79. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99. The company has a market cap of $87.31 billion, a PE ratio of 27.89, a PEG ratio of 1.20 and a beta of 0.92.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating the consensus estimate of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The business had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same period in the previous year, the company posted $1.58 EPS. Fiserv’s revenue was up 7.4% on a year-over-year basis. Sell-side analysts predict that Fiserv, Inc. will post 8.69 earnings per share for the current year.

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.