Ellenbecker Investment Group Purchases New Stake in Fiserv, Inc. (NYSE:FI)

Ellenbecker Investment Group purchased a new stake in Fiserv, Inc. (NYSE:FI) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 20,132 shares of the business services provider’s stock, valued at approximately $2,674,000. Fiserv makes up approximately 0.6% of Ellenbecker Investment Group’s investment portfolio, making the stock its 19th biggest holding.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Fiserv by 1.6% during the third quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock worth $5,705,241,000 after purchasing an additional 789,232 shares in the last quarter. Northern Trust Corp increased its stake in Fiserv by 2.7% in the third quarter. Northern Trust Corp now owns 6,416,853 shares of the business services provider’s stock valued at $724,848,000 after purchasing an additional 168,286 shares during the last quarter. Invesco Ltd. increased its stake in Fiserv by 5.2% in the third quarter. Invesco Ltd. now owns 5,207,615 shares of the business services provider’s stock valued at $588,252,000 after purchasing an additional 258,036 shares during the last quarter. California Public Employees Retirement System increased its stake in Fiserv by 1.8% in the third quarter. California Public Employees Retirement System now owns 3,340,624 shares of the business services provider’s stock valued at $377,357,000 after purchasing an additional 60,176 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Fiserv in the 4th quarter valued at $422,884,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Price Performance

Fiserv stock traded up $6.59 during trading hours on Tuesday, hitting $155.39. 5,334,245 shares of the company traded hands, compared to its average volume of 2,552,447. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $159.99. The firm has a market cap of $91.49 billion, a P/E ratio of 29.76, a P/E/G ratio of 1.21 and a beta of 0.91. The firm’s 50-day simple moving average is $151.90 and its two-hundred day simple moving average is $136.94. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.09. The company had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.58 EPS. As a group, analysts forecast that Fiserv, Inc. will post 8.63 earnings per share for the current fiscal year.

Insider Activity

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total value of $9,801,484.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,209,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders sold 111,575 shares of company stock worth $17,022,387. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. BNP Paribas raised shares of Fiserv from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 10th. B. Riley boosted their price target on Fiserv from $152.00 to $176.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Morgan Stanley raised their price objective on 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 boosted their target price on shares of Fiserv from $152.00 to $157.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Finally, Jefferies Financial Group raised their price target 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. Six investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $157.79.

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.