Watershed Asset Management L.L.C. Takes Position in Fiserv, Inc. (NYSE:FI)

Watershed Asset Management L.L.C. acquired a new stake in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,071 shares of the business services provider’s stock, valued at approximately $275,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd bought a new stake in Fiserv during the fourth quarter valued at about $304,000. Schnieders Capital Management LLC bought a new stake in Fiserv during the fourth quarter valued at about $229,000. Yousif Capital Management LLC bought a new stake in Fiserv during the fourth quarter valued at about $10,748,000. NewSquare Capital LLC bought a new stake in Fiserv during the fourth quarter valued at about $32,000. Finally, Cutter & CO Brokerage Inc. bought a new stake in Fiserv during the fourth quarter valued at about $236,000. Institutional investors own 90.98% of the company’s stock.

Insiders Place Their Bets

In other Fiserv 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 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 is available through the SEC website. Insiders have sold a total of 111,575 shares of company stock worth $17,022,387 in the last quarter. 0.75% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on FI shares. Oppenheimer raised Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price target for the company in a report on Thursday, January 11th. B. Riley lifted their target price on Fiserv from $152.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. BNP Paribas upgraded Fiserv from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 10th. Morgan Stanley lifted their price target on Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Finally, Barclays lifted their price target on Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Six equities 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.79.

Fiserv Trading Up 4.4 %

Shares of Fiserv stock traded up $6.58 during trading hours on Tuesday, hitting $155.38. The company’s stock had a trading volume of 5,334,710 shares, compared to its average volume of 2,552,451. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99. The firm has a fifty day moving average of $152.14 and a 200-day moving average of $137.23. The stock has a market cap of $91.48 billion, a price-to-earnings ratio of 31.08, a P/E/G ratio of 1.21 and a beta of 0.91. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.04.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.09. The firm 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. Research analysts forecast that Fiserv, Inc. will post 8.63 EPS for the current year.

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.