First Interstate Bank Makes New $1.26 Million Investment in Fiserv, Inc. (NYSE:FI)

First Interstate Bank bought a new position in shares of Fiserv, Inc. (NYSE:FI) during the 4th quarter, HoldingsChannel.com reports. The fund bought 9,495 shares of the business services provider’s stock, valued at approximately $1,261,000.

Several other hedge funds have also recently modified their holdings of the company. Piscataqua Savings Bank purchased a new stake in shares of Fiserv during the 4th quarter worth approximately $67,000. GHP Investment Advisors Inc. purchased a new stake in shares of Fiserv during the 4th quarter worth approximately $78,000. Liberty Capital Management Inc. purchased a new stake in shares of Fiserv during the 4th quarter worth approximately $7,071,000. Birch Hill Investment Advisors LLC purchased a new stake in shares of Fiserv during the 4th quarter worth approximately $84,583,000. Finally, Graypoint LLC purchased a new stake in shares of Fiserv during the 4th quarter worth approximately $3,732,000. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Tigress Financial raised their price target on shares of Fiserv from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, December 22nd. BMO Capital Markets lifted their price objective 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. Susquehanna boosted their price target on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research report on Monday, March 25th. Evercore ISI restated an “outperform” rating and set a $185.00 price target on shares of Fiserv in a research report on Tuesday, March 26th. Finally, 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 report on Wednesday, February 7th. Six investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and an average price target of $158.21.

Fiserv Trading Down 1.2 %

NYSE:FI traded down $1.79 during trading hours on Tuesday, hitting $146.40. The company had a trading volume of 3,294,096 shares, compared to its average volume of 2,513,386. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 1.04. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99. The company has a market capitalization of $86.19 billion, a PE ratio of 29.64, a price-to-earnings-growth ratio of 1.24 and a beta of 0.91. The stock has a 50-day moving average price of $151.46 and a 200 day moving average price of $135.71.

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

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 63,646 shares of the stock in a transaction dated 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 transaction, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $25,209,646. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.