Fiera Capital Corp Makes New Investment in Fiserv, Inc. (NYSE:FI)

Fiera Capital Corp acquired a new position in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, Holdings Channel.com reports. The firm acquired 9,515 shares of the business services provider’s stock, valued at approximately $1,264,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hollencrest Capital Management increased its stake 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 acquiring an additional 100 shares during the last quarter. West Oak Capital LLC bought a new stake in shares of Fiserv in the 4th quarter valued at about $27,000. Halpern Financial Inc. bought a new stake in shares of Fiserv in the 4th quarter valued at about $27,000. Fortitude Family Office LLC bought a new stake in shares of Fiserv in the 4th quarter valued at about $28,000. Finally, Glass Jacobson Investment Advisors llc acquired a new position in shares of Fiserv in the 4th quarter valued at approximately $31,000. 90.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FI shares. B. Riley boosted their price objective on Fiserv from $176.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Robert W. Baird boosted their price objective on Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Morgan Stanley boosted their price objective on Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Mizuho reiterated a “buy” rating and issued a $156.00 price objective on shares of Fiserv in a research report on Wednesday, March 27th. Finally, 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. Six investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and an average target price of $164.33.

Fiserv Price Performance

Shares of FI opened at $152.71 on Friday. The firm has a market capitalization of $89.35 billion, a PE ratio of 28.54, a PEG ratio of 1.23 and a beta of 0.92. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06. The company’s 50-day moving average is $153.38 and its 200-day moving average is $141.84. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $159.99.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.11. The firm had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $1.58 earnings per share. Equities analysts forecast that Fiserv, Inc. will post 8.69 EPS for the current year.

Insider Activity

In other news, COO Guy Chiarello sold 63,646 shares of Fiserv stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total value of $9,801,484.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,209,646. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 111,575 shares of company stock worth $17,022,387. Corporate insiders own 0.75% of the company’s stock.

Fiserv Company 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.