Amalgamated Bank Acquires New Stake in Fiserv, Inc. (NYSE:FI)

Amalgamated Bank bought a new position in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 151,738 shares of the business services provider’s stock, valued at approximately $20,157,000.

A number of other large investors have also made changes to their positions in FI. Cambridge Investment Research Advisors Inc. raised its holdings in Fiserv by 2.2% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 57,966 shares of the business services provider’s stock worth $6,548,000 after purchasing an additional 1,256 shares during the period. Pinnacle Associates Ltd. grew its stake in shares of Fiserv by 5.7% during the 3rd quarter. Pinnacle Associates Ltd. now owns 14,110 shares of the business services provider’s stock valued at $1,594,000 after acquiring an additional 764 shares during the period. FinTrust Capital Advisors LLC increased its holdings in Fiserv by 121.2% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 1,219 shares of the business services provider’s stock worth $138,000 after acquiring an additional 668 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in Fiserv by 5.6% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 8,363 shares of the business services provider’s stock worth $945,000 after acquiring an additional 441 shares during the period. Finally, Independent Advisor Alliance lifted its holdings in Fiserv by 40.0% during the third quarter. Independent Advisor Alliance now owns 8,080 shares of the business services provider’s stock valued at $913,000 after purchasing an additional 2,309 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Fiserv Trading Up 0.0 %

Fiserv stock traded up $0.05 during midday trading on Friday, reaching $149.22. The stock had a trading volume of 2,908,470 shares, compared to its average volume of 2,572,780. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The firm has a market cap of $87.31 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 1.20 and a beta of 0.92. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $159.99. The company has a fifty day moving average of $152.77 and a 200 day moving average of $138.79.

Fiserv (NYSE:FI) last released its 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 return on equity of 15.73% and a net margin of 16.68%. The firm had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter in the prior year, the firm posted $1.58 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. On average, analysts anticipate that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on FI shares. Citigroup raised their price objective on shares of Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. BNP Paribas raised Fiserv from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 10th. Oppenheimer raised Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 target price on the stock in a research note on Thursday, January 11th. KeyCorp boosted their target price on shares of Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Finally, StockNews.com started coverage on shares of Fiserv in a research note on Saturday, February 3rd. They set a “buy” rating for the company. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and a consensus target price of $164.33.

Insider Transactions at Fiserv

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $151.79, for a total value of $3,632,182.91. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last ninety days, insiders sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is currently owned by insiders.

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.