Tandem Investment Advisors Inc. Purchases New Holdings in Fiserv, Inc. (NYSE:FI)

Tandem Investment Advisors Inc. purchased a new stake in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 38,504 shares of the business services provider’s stock, valued at approximately $5,115,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Hollencrest Capital Management increased its position in Fiserv by 75.8% during the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after purchasing an additional 100 shares during the period. West Oak Capital LLC purchased a new stake in Fiserv in the 4th quarter valued at approximately $27,000. Halpern Financial Inc. purchased a new stake in Fiserv in the 4th quarter valued at approximately $27,000. Atlas Capital Advisors LLC lifted its stake in Fiserv by 71.9% in the 2nd quarter. Atlas Capital Advisors LLC now owns 306 shares of the business services provider’s stock valued at $27,000 after buying an additional 128 shares in the last quarter. Finally, PCA Investment Advisory Services Inc. purchased a new stake in Fiserv in the 2nd quarter valued at approximately $27,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $149.53, for a total transaction of $3,588,720.00. Following the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,477,911.47. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 111,575 shares of company stock valued at $17,022,387 over the last quarter. Insiders own 0.75% of the company’s stock.

Fiserv Stock Up 0.5 %

NYSE:FI traded up $0.73 during mid-day trading on Wednesday, reaching $147.13. The stock had a trading volume of 2,948,917 shares, compared to its average volume of 2,519,970. The company has a market capitalization of $86.62 billion, a price-to-earnings ratio of 29.28, a price-to-earnings-growth ratio of 1.21 and a beta of 0.91. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $159.99. The stock’s 50 day simple moving average is $151.56 and its two-hundred day simple moving average is $135.95. 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 (NYSE:FI) last issued its earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $4.68 billion. During the same quarter last year, the company posted $1.91 earnings per share. Fiserv’s revenue was up 6.2% on a year-over-year basis. Equities analysts anticipate that Fiserv, Inc. will post 8.62 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on FI shares. KeyCorp raised Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 price target on the stock in a research note on Monday, January 8th. Royal Bank of Canada increased their target price on Fiserv from $144.00 to $158.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Evercore ISI reaffirmed an “outperform” rating and issued a $185.00 target price on shares of Fiserv in a research report on Tuesday, March 26th. Morgan Stanley increased their target price on Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Finally, Susquehanna increased their price target on Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a report on Monday, March 25th. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to 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.