Canton Hathaway LLC Buys Shares of 240 Fiserv, Inc. (NYSE:FI)

Canton Hathaway LLC bought a new stake in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 240 shares of the business services provider’s stock, valued at approximately $32,000.

Other hedge funds have also recently bought and sold shares of the company. AMI Investment Management Inc. increased its stake in Fiserv by 33.6% during the 1st quarter. AMI Investment Management Inc. now owns 27,999 shares of the business services provider’s stock valued at $2,839,000 after purchasing an additional 7,047 shares in the last quarter. American Century Companies Inc. increased its stake in Fiserv by 10.4% during the 1st quarter. American Century Companies Inc. now owns 9,227 shares of the business services provider’s stock valued at $936,000 after purchasing an additional 870 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Fiserv by 158.2% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 963 shares of the business services provider’s stock valued at $98,000 after purchasing an additional 590 shares in the last quarter. Prudential PLC bought a new stake in Fiserv during the 1st quarter valued at $1,095,000. Finally, Sequoia Financial Advisors LLC bought a new stake in Fiserv during the 1st quarter valued at $357,000. 90.98% of the stock is owned by institutional investors.

Insider Activity

In other news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction dated 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 sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,209,646. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

NYSE FI traded down $3.01 during trading on Monday, hitting $148.19. 2,260,486 shares of the company’s stock traded hands, compared to its average volume of 2,496,312. The stock has a market capitalization of $87.25 billion, a price-to-earnings ratio of 30.32, a PEG ratio of 1.24 and a beta of 0.91. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.04. The business has a 50 day moving average of $151.38 and a 200-day moving average of $135.47.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.04. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The firm had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.68 billion. During the same period in the prior year, the business posted $1.91 earnings per share. The company’s revenue was up 6.2% on a year-over-year basis. As a group, equities research analysts anticipate that Fiserv, Inc. will post 8.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Royal Bank of Canada boosted their price target on shares of Fiserv from $144.00 to $158.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Morgan Stanley upped their target price on shares of Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. BMO Capital Markets upped their target price on shares of Fiserv from $152.00 to $157.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. B. Riley upped their target price on shares of Fiserv from $152.00 to $176.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Finally, KeyCorp upgraded shares of Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 target price for the company in a research note on Monday, January 8th. Six research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $158.21.

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.