Howe & Rusling Inc. Purchases New Shares in Fiserv, Inc. (NYSE:FI)

Howe & Rusling Inc. acquired a new stake in Fiserv, Inc. (NYSE:FI) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 29,458 shares of the business services provider’s stock, valued at approximately $3,913,000.

A number of other hedge funds have also recently bought and sold shares of FI. Brighton Jones LLC boosted its holdings in shares of 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 period. Jacobi Capital Management LLC boosted its holdings in shares of Fiserv by 0.9% during the third quarter. Jacobi Capital Management LLC now owns 10,099 shares of the business services provider’s stock worth $1,141,000 after acquiring an additional 94 shares during the period. UniSuper Management Pty Ltd boosted its stake in shares of Fiserv by 2.3% in the third quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the business services provider’s stock valued at $508,000 after buying an additional 100 shares during the period. Hollencrest Capital Management boosted its stake in shares of Fiserv by 75.8% in the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after buying an additional 100 shares during the period. Finally, Argonautica Private Wealth Management Inc. boosted its stake in shares of Fiserv by 2.5% in the third quarter. Argonautica Private Wealth Management Inc. now owns 4,128 shares of the business services provider’s stock valued at $466,000 after buying an additional 101 shares during the period. 90.98% of the stock is currently owned by institutional investors.

Fiserv Trading Down 2.0 %

Fiserv stock traded down $3.12 during trading hours on Wednesday, reaching $149.55. 2,522,637 shares of the company’s stock were exchanged, compared to its average volume of 2,558,452. 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’s 50 day simple moving average is $152.76 and its 200 day simple moving average is $138.65. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99. The firm has a market capitalization of $87.50 billion, a PE ratio of 28.54, a PEG ratio of 1.24 and a beta of 0.91.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. The firm had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $1.58 EPS. Research analysts predict that Fiserv, Inc. will post 8.69 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on FI. Morgan Stanley boosted their price target on Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. StockNews.com started coverage on Fiserv in a research note on Saturday, February 3rd. They issued a “buy” rating for the company. Citigroup boosted 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. UBS Group boosted their price objective on shares of Fiserv from $170.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, KeyCorp boosted their price objective on shares of Fiserv from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Six investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $164.33.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of Fiserv stock in a transaction that occurred on 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 transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders sold 111,575 shares of company stock worth $17,022,387. 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.