Thomas Story & Son LLC Makes New $4.14 Million Investment in Fiserv, Inc. (NYSE:FI)

Thomas Story & Son LLC acquired a new position in shares of Fiserv, Inc. (NYSE:FIFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 31,150 shares of the business services provider’s stock, valued at approximately $4,138,000. Fiserv comprises about 1.9% of Thomas Story & Son LLC’s holdings, making the stock its 21st biggest position.

A number of other large investors also recently bought and sold shares of the company. Hollencrest Capital Management increased its holdings in shares of Fiserv by 75.8% in the 3rd 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 in the last quarter. West Oak Capital LLC purchased a new position in Fiserv during the 4th quarter valued at about $27,000. Halpern Financial Inc. purchased a new position in Fiserv during the 4th quarter valued at about $27,000. GW&K Investment Management LLC purchased a new position in Fiserv during the 4th quarter valued at about $27,000. Finally, RE Dickinson Investment Advisors LLC purchased a new position in Fiserv during the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In other news, EVP John Gibbons sold 2,800 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the completion of the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $148.76, for a total transaction of $416,528.00. Following the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Guy Chiarello sold 23,929 shares of the firm’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold 90,375 shares of company stock valued at $13,850,195 over the last three months. 0.75% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

FI has been the subject of a number of analyst reports. Robert W. Baird boosted their price objective on shares of Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Evercore ISI reaffirmed an “outperform” rating and set a $185.00 price target on shares of Fiserv in a research report on Tuesday, March 26th. Royal Bank of Canada increased their price objective on shares of Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. KeyCorp increased their price objective on shares of Fiserv from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Finally, BMO Capital Markets increased their price objective on shares of Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Seven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $165.44.

Get Our Latest Research Report on FI

Fiserv Trading Up 0.5 %

Shares of FI traded up $0.68 during midday trading on Friday, hitting $148.94. The stock had a trading volume of 2,374,240 shares, compared to its average volume of 2,055,062. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.99. The business has a 50-day simple moving average of $151.09 and a two-hundred day simple moving average of $145.83. The firm has a market cap of $87.14 billion, a P/E ratio of 27.84, a price-to-earnings-growth ratio of 1.20 and a beta of 0.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81.

Fiserv (NYSE:FIGet Free Report) last announced its earnings results 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 net margin of 16.68% and a return on equity of 15.73%. The company had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same period last year, the company posted $1.58 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities analysts forecast that Fiserv, Inc. will post 8.69 EPS for the current year.

Fiserv Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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