Olympiad Research LP Purchases New Position in Fiserv, Inc. (NYSE:FI)

Olympiad Research LP purchased a new stake in Fiserv, Inc. (NYSE:FIFree Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,088 shares of the business services provider’s stock, valued at approximately $410,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meridian Management Co. purchased a new stake in Fiserv in the 4th quarter worth about $6,510,000. Legacy Advisors LLC bought a new position in shares of Fiserv during the fourth quarter valued at approximately $841,000. Elevatus Welath Management bought a new position in shares of Fiserv during the fourth quarter valued at approximately $3,222,000. Wilkins Investment Counsel Inc. bought a new position in shares of Fiserv during the fourth quarter valued at approximately $6,385,000. Finally, Phillips Wealth Planners LLC bought a new position in shares of Fiserv during the fourth quarter valued at approximately $212,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Performance

FI traded down $0.27 on Wednesday, reaching $148.15. The stock had a trading volume of 991,503 shares, compared to its average volume of 2,480,612. The company has a market cap of $86.68 billion, a P/E ratio of 27.74, a price-to-earnings-growth ratio of 1.21 and a beta of 0.92. The business’s 50-day moving average price is $153.35 and its two-hundred day moving average price is $143.77. 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, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99.

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

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 23,929 shares of the business’s stock in a transaction dated 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 $24,847,871.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 111,575 shares of company stock valued at $17,022,387 over the last 90 days. Corporate insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

FI has been the subject of several recent analyst reports. Mizuho raised their target price on shares of Fiserv from $156.00 to $168.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. KeyCorp raised their target price 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. StockNews.com initiated coverage on shares of Fiserv in a research note on Saturday, February 3rd. They issued a “buy” rating for the company. Morgan Stanley raised their target price on shares of Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Finally, Susquehanna raised their target price on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research note on Monday, March 25th. Six investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.83.

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About Fiserv

(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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