SFE Investment Counsel Buys 7,960 Shares of Fiserv, Inc. $FI

SFE Investment Counsel lifted its stake in Fiserv, Inc. (NYSE:FI) by 26.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,529 shares of the business services provider’s stock after buying an additional 7,960 shares during the period. SFE Investment Counsel’s holdings in Fiserv were worth $6,470,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Fiserv by 91.9% in the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock valued at $872,000 after purchasing an additional 2,033 shares in the last quarter. Bison Wealth LLC boosted its stake in Fiserv by 5.3% during the fourth quarter. Bison Wealth LLC now owns 2,299 shares of the business services provider’s stock worth $472,000 after buying an additional 116 shares in the last quarter. Allworth Financial LP increased its holdings in Fiserv by 7.5% in the 1st quarter. Allworth Financial LP now owns 7,717 shares of the business services provider’s stock valued at $1,704,000 after buying an additional 541 shares during the period. MJP Associates Inc. ADV acquired a new position in shares of Fiserv in the 1st quarter valued at $231,000. Finally, IFC Advisors LLC raised its stake in shares of Fiserv by 2.3% in the 1st quarter. IFC Advisors LLC now owns 4,722 shares of the business services provider’s stock valued at $1,043,000 after buying an additional 107 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Insider Transactions at Fiserv

In related news, Director Lance M. Fritz acquired 10,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The shares were purchased at an average price of $65.18 per share, with a total value of $651,800.00. Following the acquisition, the director directly owned 13,086 shares in the company, valued at $852,945.48. The trade was a 324.04% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.74% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Barclays set a $175.00 target price on shares of Fiserv and gave the company an “overweight” rating in a research note on Monday, July 28th. Keefe, Bruyette & Woods lowered their price objective on Fiserv from $170.00 to $92.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. William Blair downgraded Fiserv from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 29th. Jefferies Financial Group decreased their price target on Fiserv from $130.00 to $125.00 and set a “hold” rating on the stock in a research note on Monday, October 13th. Finally, Wells Fargo & Company upgraded Fiserv to a “hold” rating in a research note on Wednesday, October 22nd. Eleven analysts have rated the stock with a Buy rating, twenty-three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Fiserv currently has a consensus rating of “Hold” and an average price target of $127.28.

Fiserv Stock Up 3.2%

NYSE FI opened at $63.60 on Friday. The stock’s 50 day simple moving average is $118.79 and its 200 day simple moving average is $146.23. Fiserv, Inc. has a one year low of $60.95 and a one year high of $238.59. The firm has a market cap of $34.21 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 0.56 and a beta of 0.90. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.09.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 EPS for the quarter. The company had revenue of $4.32 billion for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%. As a group, sell-side analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal 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.