Advanced Asset Management Advisors Inc Makes New $223,000 Investment in Fiserv, Inc. (NYSE:FI)

Advanced Asset Management Advisors Inc bought a new stake in shares of Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,680 shares of the business services provider’s stock, valued at approximately $223,000.

Several other institutional investors also recently added to or reduced their stakes in FI. Apeiron RIA LLC raised its stake in shares of Fiserv by 2.9% during the 3rd quarter. Apeiron RIA LLC now owns 3,217 shares of the business services provider’s stock worth $363,000 after buying an additional 90 shares during the period. Brighton Jones LLC boosted its position in Fiserv by 4.0% during the third quarter. Brighton Jones LLC now owns 2,385 shares of the business services provider’s stock worth $269,000 after acquiring an additional 92 shares during the last quarter. Jacobi Capital Management LLC raised its holdings in Fiserv by 0.9% in the 3rd quarter. Jacobi Capital Management LLC now owns 10,099 shares of the business services provider’s stock valued at $1,141,000 after acquiring an additional 94 shares during the last quarter. UniSuper Management Pty Ltd raised its holdings in Fiserv by 2.3% in the 3rd quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the business services provider’s stock valued at $508,000 after acquiring an additional 100 shares during the last quarter. Finally, Hollencrest Capital Management lifted its stake in Fiserv by 75.8% in the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

FI has been the subject of a number of analyst reports. TD Cowen upped their price target on Fiserv from $167.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday. Evercore ISI reiterated an “outperform” rating and set a $185.00 price target on shares of Fiserv in a report on Tuesday, March 26th. BMO Capital Markets boosted their price target on shares of Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a research report on Wednesday. UBS Group lifted their target price on shares of Fiserv from $170.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Royal Bank of Canada raised their price target on shares of Fiserv from $158.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $164.33.

Fiserv Stock Performance

Shares of NYSE:FI traded up $1.04 on Thursday, reaching $153.29. The company’s stock had a trading volume of 3,049,942 shares, compared to its average volume of 2,557,857. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $159.99. The stock has a market capitalization of $90.25 billion, a P/E ratio of 28.46, a PEG ratio of 1.27 and a beta of 0.91. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.04. The stock’s 50-day moving average is $152.28 and its two-hundred day moving average is $137.34.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. The firm had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. Fiserv’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.58 EPS. As a group, sell-side analysts forecast that Fiserv, Inc. will post 8.63 EPS for the current year.

Insider Activity at Fiserv

In other news, COO Guy Chiarello sold 63,646 shares of Fiserv stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total value of $9,801,484.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $25,209,646. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 111,575 shares of company stock valued at $17,022,387 over the last quarter. Insiders own 0.75% of the company’s stock.

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.