Stonebrook Private Inc. Makes New $751,000 Investment in Fiserv, Inc. (NYSE:FI)

Stonebrook Private Inc. purchased a new stake in Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,657 shares of the business services provider’s stock, valued at approximately $751,000.

A number of other large investors also recently made changes to their positions in FI. Vanguard Group Inc. bought a new stake in shares of Fiserv in the 3rd quarter valued at $5,705,241,000. California Public Employees Retirement System bought a new stake in shares of Fiserv in the 4th quarter valued at $423,780,000. Pittenger & Anderson Inc. bought a new stake in shares of Fiserv in the 4th quarter valued at $400,079,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Fiserv in the 4th quarter valued at $422,884,000. Finally, Nordea Investment Management AB bought a new position in Fiserv during the 4th quarter worth about $351,525,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Up 1.7 %

FI stock traded up $2.60 during trading on Friday, reaching $155.89. The stock had a trading volume of 3,196,489 shares, compared to its average volume of 2,315,910. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The company’s 50 day moving average is $152.54 and its two-hundred day moving average is $137.90. The company has a market capitalization of $91.21 billion, a price-to-earnings ratio of 29.14, a P/E/G ratio of 1.26 and a beta of 0.91.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. The business had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.58 EPS. Equities research analysts forecast 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 stock in a transaction 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 sale, the chief operating officer now owns 163,699 shares in the company, valued at $25,209,646. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 111,575 shares of company stock worth $17,022,387. Insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Morgan Stanley increased their target price on Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Evercore ISI restated an “outperform” rating and issued a $185.00 price objective on shares of Fiserv in a report on Tuesday, March 26th. B. Riley raised their price objective on Fiserv from $176.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday. Stephens reiterated an “equal weight” rating and issued a $165.00 target price on shares of Fiserv in a research note on Wednesday. Finally, Oppenheimer upgraded 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 report on Thursday, January 11th. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $164.33.

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.