Jackson Hole Capital Partners LLC Purchases Shares of 11,278 Fiserv, Inc. (NYSE:FI)

Jackson Hole Capital Partners LLC purchased a new stake in shares of Fiserv, Inc. (NYSE:FI) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 11,278 shares of the business services provider’s stock, valued at approximately $1,498,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Hollencrest Capital Management grew its position in Fiserv by 75.8% during the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 100 shares during the period. West Oak Capital LLC purchased a new stake in Fiserv during the fourth quarter valued at about $27,000. Halpern Financial Inc. purchased a new stake in Fiserv during the fourth quarter valued at about $27,000. Fortitude Family Office LLC purchased a new stake in Fiserv during the fourth quarter valued at about $28,000. Finally, Glass Jacobson Investment Advisors llc purchased a new stake in shares of Fiserv in the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Stock Up 0.7 %

NYSE FI traded up $1.04 on Thursday, hitting $153.29. 3,049,942 shares of the stock traded hands, compared to its average volume of 2,557,857. The stock has a 50-day moving average of $152.39 and a 200 day moving average of $137.45. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99. The company has a market capitalization of $90.25 billion, a P/E ratio of 28.65, a price-to-earnings-growth ratio of 1.27 and a beta of 0.91. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.81.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating the consensus estimate of $1.77 by $0.11. The company had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.58 earnings per share. As a group, analysts expect that Fiserv, Inc. will post 8.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FI. B. Riley upped their target price on Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday. Royal Bank of Canada upped their target price on Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday. Truist Financial upped their target price on Fiserv from $140.00 to $145.00 and gave the stock a “hold” rating in a research report on Wednesday, February 7th. BNP Paribas raised Fiserv from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 10th. Finally, 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. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and an average price target of $164.33.

Insider Activity

In other news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer now directly 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 can be accessed through the SEC website. Over the last ninety days, insiders sold 111,575 shares of company stock valued at $17,022,387. 0.75% of the stock is currently owned by insiders.

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.