Folger Nolan Fleming Douglas Capital Management Inc. Makes New $397,000 Investment in Fiserv, Inc. (NYSE:FI)

Folger Nolan Fleming Douglas Capital Management Inc. bought a new position in Fiserv, Inc. (NYSE:FI) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 2,990 shares of the business services provider’s stock, valued at approximately $397,000.

Several other large investors have also recently modified their holdings of the business. Unique Wealth Strategies LLC purchased a new position in shares of Fiserv in the fourth quarter worth about $832,000. Provident Trust Co. purchased a new position in shares of Fiserv in the fourth quarter worth about $138,109,000. Consolidated Planning Corp purchased a new position in shares of Fiserv in the fourth quarter worth about $2,354,000. Russell Investments Group Ltd. purchased a new position in shares of Fiserv in the fourth quarter worth about $24,242,000. Finally, Addison Advisors LLC purchased a new position in Fiserv during the fourth quarter valued at approximately $1,115,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 1.7 %

NYSE:FI traded up $2.60 during midday trading on Friday, reaching $155.89. 3,196,489 shares of the stock traded hands, compared to its average volume of 2,315,910. The company has a fifty day moving average of $152.54 and a 200 day moving average of $137.74. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $159.99. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.04 and a current ratio of 1.06. The stock has a market capitalization of $91.21 billion, a P/E ratio of 29.14, a PEG ratio of 1.24 and a beta of 0.91.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The company had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. During the same period in the prior year, the business posted $1.58 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. On average, research analysts predict that Fiserv, Inc. will post 8.69 EPS for the current year.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction on 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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 111,575 shares of company stock worth $17,022,387 in the last three months. 0.75% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FI. BMO Capital Markets boosted their price objective on shares of Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a research note on Wednesday. Oppenheimer raised shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price objective for the company in a research note on Thursday, January 11th. Citigroup boosted their price objective on shares of Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley boosted their price objective on shares of Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $185.00 price objective on shares of Fiserv in a research note on Tuesday, March 26th. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and an average price target of $164.33.

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.