Pointe Capital Management LLC Makes New Investment in Fiserv, Inc. (NYSE:FI)

Pointe Capital Management LLC bought a new stake in Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,111 shares of the business services provider’s stock, valued at approximately $413,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hollencrest Capital Management raised its stake in Fiserv by 75.8% during the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after purchasing an additional 100 shares during the period. West Oak Capital LLC purchased a new position in Fiserv in the fourth quarter worth approximately $27,000. Halpern Financial Inc. acquired a new stake in Fiserv during the fourth quarter worth $27,000. Fortitude Family Office LLC purchased a new stake in Fiserv in the fourth quarter valued at $28,000. Finally, Glass Jacobson Investment Advisors llc acquired a new position in shares of Fiserv in the 4th quarter valued at $31,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Up 0.0 %

Shares of NYSE FI traded up $0.05 during midday trading on Friday, hitting $149.22. 2,942,846 shares of the company’s stock were exchanged, compared to its average volume of 2,577,646. The firm’s fifty day simple moving average is $152.74 and its 200-day simple moving average is $139.04. The company has a market cap of $87.31 billion, a PE ratio of 27.89, a P/E/G ratio of 1.20 and a beta of 0.92. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06.

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

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have sold 111,575 shares of company stock valued at $17,022,387. 0.75% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FI shares. Evercore ISI restated an “outperform” rating and issued a $185.00 price objective on shares of Fiserv in a report on Tuesday, March 26th. Stephens reaffirmed an “equal weight” rating and set a $165.00 price objective on shares of Fiserv in a research report on Wednesday, April 24th. Mizuho reissued a “buy” rating and issued a $156.00 target price on shares of Fiserv in a research report on Wednesday, March 27th. BMO Capital Markets raised their price target on Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Finally, StockNews.com initiated coverage on Fiserv in a report on Saturday, February 3rd. They issued a “buy” rating on the stock. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $164.33.

About Fiserv

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.