Pointe Capital Management LLC Invests $413,000 in Fiserv, Inc. (NYSE:FI)

Pointe Capital Management LLC bought a new position in Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,111 shares of the business services provider’s stock, valued at approximately $413,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Fiserv by 2.2% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 57,966 shares of the business services provider’s stock worth $6,548,000 after purchasing an additional 1,256 shares during the last quarter. Pinnacle Associates Ltd. increased its holdings in shares of Fiserv by 5.7% during the third quarter. Pinnacle Associates Ltd. now owns 14,110 shares of the business services provider’s stock worth $1,594,000 after buying an additional 764 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of Fiserv by 5.6% in the third quarter. Stratos Wealth Partners LTD. now owns 8,363 shares of the business services provider’s stock valued at $945,000 after acquiring an additional 441 shares during the last quarter. Independent Advisor Alliance boosted its holdings in shares of Fiserv by 40.0% in the 3rd quarter. Independent Advisor Alliance now owns 8,080 shares of the business services provider’s stock worth $913,000 after acquiring an additional 2,309 shares in the last quarter. Finally, Miracle Mile Advisors LLC grew its position in Fiserv by 7.4% during the 3rd quarter. Miracle Mile Advisors LLC now owns 7,229 shares of the business services provider’s stock worth $817,000 after acquiring an additional 500 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FI. Barclays lifted their price objective on Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Citigroup upped their price target on shares of Fiserv from $171.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. BNP Paribas upgraded shares of Fiserv from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 10th. Susquehanna upped their target price on shares of Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research report on Monday, March 25th. Finally, Evercore ISI reissued an “outperform” rating and set a $185.00 price target on shares of Fiserv in a research note on Tuesday, March 26th. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $164.33.

Fiserv Trading Up 0.0 %

FI traded up $0.05 during mid-day trading on Friday, hitting $149.22. The stock had a trading volume of 2,942,846 shares, compared to its average volume of 2,577,646. The stock’s fifty day simple moving average is $152.74 and its 200-day simple moving average is $139.04. The firm has a market capitalization of $87.31 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 1.20 and a beta of 0.92. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $159.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 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 business had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter last year, the business posted $1.58 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. As a group, research analysts forecast that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

Insider Activity

In related news, COO Guy Chiarello sold 63,646 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 111,575 shares of company stock worth $17,022,387 in the last 90 days. Corporate insiders own 0.75% of the company’s stock.

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.