Sompo Asset Management Co. Ltd. Makes New Investment in Fiserv, Inc. (NYSE:FI)

Sompo Asset Management Co. Ltd. bought a new position in Fiserv, Inc. (NYSE:FIFree Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 7,430 shares of the business services provider’s stock, valued at approximately $987,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FI. West Oak Capital LLC purchased a new stake in shares of Fiserv during the 4th quarter valued at $27,000. Halpern Financial Inc. purchased a new stake in shares of Fiserv during the 4th quarter valued at $27,000. GW&K Investment Management LLC purchased a new stake in shares of Fiserv during the 4th quarter valued at $27,000. Fortitude Family Office LLC purchased a new stake in shares of Fiserv during the 4th quarter valued at $28,000. Finally, Private Wealth Management Group LLC purchased a new stake in shares of Fiserv during the 4th quarter valued at $30,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Up 0.6 %

Shares of FI traded up $0.86 during midday trading on Friday, hitting $151.42. The company had a trading volume of 1,835,543 shares, compared to its average volume of 2,030,533. The company’s 50 day moving average price is $151.97 and its 200 day moving average price is $144.91. The stock has a market cap of $88.60 billion, a price-to-earnings ratio of 28.30, a PEG ratio of 1.21 and a beta of 0.93. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81.

Fiserv (NYSE:FIGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share 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 business had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter in the prior year, the firm earned $1.58 EPS. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities research analysts predict that Fiserv, Inc. will post 8.69 EPS for the current year.

Insider Activity at Fiserv

In related 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 transaction of $3,632,182.91. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 111,575 shares of company stock valued at $17,022,387 in the last quarter. Insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FI. Susquehanna boosted their price objective on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research note on Monday, March 25th. Robert W. Baird lifted their target price on shares of Fiserv from $185.00 to $186.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. BMO Capital Markets lifted their target price on shares of Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Barclays lifted their target price on shares of Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, April 1st. Finally, UBS Group lifted their target price on shares of Fiserv from $170.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Six analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $164.83.

View Our Latest Research Report on FI

Fiserv Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding FI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fiserv, Inc. (NYSE:FIFree Report).

Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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