Argyle Capital Management Inc. Invests $2.52 Million in Fiserv, Inc. (NYSE:FI)

Argyle Capital Management Inc. purchased a new stake in Fiserv, Inc. (NYSE:FI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,942 shares of the business services provider's stock, valued at approximately $2,516,000.

A number of other hedge funds have also recently added to or reduced their stakes in FI. Hollencrest Capital Management lifted 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 last quarter. West Oak Capital LLC acquired a new stake in Fiserv in the fourth quarter valued at about $27,000. Halpern Financial Inc. bought a new position in Fiserv in the fourth quarter valued at about $27,000. Fortitude Family Office LLC acquired a new position in Fiserv during the fourth quarter worth about $28,000. Finally, Glass Jacobson Investment Advisors llc acquired a new stake in Fiserv in the fourth quarter valued at approximately $31,000. Institutional investors own 90.98% of the company's stock.

Insider Activity

In other news, COO Guy Chiarello sold 23,929 shares of Fiserv stock in a transaction on Monday, April 15th. The stock was 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 directly owns 163,699 shares in the company, valued at $24,847,871.21. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 111,575 shares of company stock valued at $17,022,387 in the last 90 days. Company insiders own 0.75% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. UBS Group upped their target price on Fiserv from $170.00 to $185.00 and gave the stock a "buy" rating in a report on Wednesday. Susquehanna raised their price objective on shares of Fiserv from $175.00 to $180.00 and gave the company a "positive" rating in a report on Monday, March 25th. Oppenheimer upgraded shares of Fiserv from a "market perform" rating to an "outperform" rating and set a $168.00 target price on the stock in a research report on Thursday, January 11th. Evercore ISI restated an "outperform" rating and issued a $185.00 price target on shares of Fiserv in a research report on Tuesday, March 26th. Finally, StockNews.com started coverage on shares of Fiserv in a report on Saturday, February 3rd. They set a "buy" rating on the stock. Six research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $164.33.

Fiserv Stock Up 1.7 %

NYSE:FI traded up $2.60 during trading hours on Friday, reaching $155.89. The company had a trading volume of 3,196,489 shares, compared to its average volume of 2,315,910. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The firm has a market cap of $91.21 billion, a price-to-earnings ratio of 29.14, a P/E/G ratio of 1.26 and a beta of 0.91. The business's 50-day simple moving average is $152.54 and its two-hundred day simple moving average is $138.07.

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

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.

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