Edge Capital Group LLC Buys Shares of 1,816 Fiserv, Inc. (NYSE:FI)

Edge Capital Group LLC bought a new stake in shares of Fiserv, Inc. (NYSE:FIFree Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,816 shares of the business services provider’s stock, valued at approximately $241,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Meritage Portfolio Management purchased a new stake in Fiserv during the fourth quarter valued at approximately $995,000. Piscataqua Savings Bank bought a new position in shares of Fiserv in the fourth quarter worth approximately $67,000. GHP Investment Advisors Inc. bought a new position in shares of Fiserv in the fourth quarter worth approximately $78,000. Liberty Capital Management Inc. bought a new position in shares of Fiserv in the fourth quarter worth approximately $7,071,000. Finally, Birch Hill Investment Advisors LLC bought a new position in shares of Fiserv in the fourth quarter worth approximately $84,583,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. TD Cowen upped their price target on shares of Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Jefferies Financial Group upped their target price on shares of Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Monday, March 25th. Evercore ISI restated an “outperform” rating and set a $185.00 target price on shares of Fiserv in a research report on Tuesday, March 26th. Barclays upped their target price on shares of Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Finally, KeyCorp upped their target price on shares of Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Six investment 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, Fiserv has a consensus rating of “Moderate Buy” and a consensus target price of $164.83.

View Our Latest Research Report on FI

Insider Activity

In related news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $149.53, for a total value of $3,588,720.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,477,911.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have sold 111,575 shares of company stock valued at $17,022,387. 0.75% of the stock is currently owned by company insiders.

Fiserv Trading Down 0.3 %

Shares of FI opened at $147.99 on Wednesday. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99. The company has a market cap of $86.59 billion, a P/E ratio of 27.66, a P/E/G 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. The company’s fifty day simple moving average is $152.52 and its 200-day simple moving average is $144.65.

Fiserv (NYSE:FIGet Free Report) last announced its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share 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 the consensus estimate of $4.57 billion. During the same quarter in the prior year, the firm 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, analysts expect that Fiserv, Inc. will post 8.69 EPS for the current year.

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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