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

Jag Capital Management LLC bought a new position in Fiserv, Inc. (NYSE:FI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 24,606 shares of the business services provider's stock, valued at approximately $3,269,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hollencrest Capital Management grew its holdings in Fiserv by 75.8% during the 3rd 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 in the last quarter. West Oak Capital LLC bought a new stake in Fiserv in the 4th quarter valued at $27,000. Halpern Financial Inc. purchased a new stake in Fiserv in the 4th quarter worth $27,000. Fortitude Family Office LLC purchased a new position in shares of Fiserv during the fourth quarter valued at about $28,000. Finally, Glass Jacobson Investment Advisors llc purchased a new position in shares of Fiserv during the fourth quarter valued at about $31,000. Institutional investors own 90.98% of the company's stock.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $149.53, for a total transaction of $3,588,720.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company's stock, valued at $24,477,911.47. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In 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 corporate insiders.

Fiserv Stock Down 0.1 %

Shares of FI stock traded down $0.13 during mid-day trading on Friday, hitting $152.71. The stock had a trading volume of 3,046,297 shares, compared to its average volume of 2,539,602. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.06 and a quick ratio of 1.06. The firm's 50-day moving average is $153.35 and its two-hundred day moving average is $141.57. The firm has a market capitalization of $89.35 billion, a P/E ratio of 28.56, a price-to-earnings-growth ratio of 1.25 and a beta of 0.92. Fiserv, Inc. has a 12-month low of $109.11 and a 12-month high of $159.99.

Fiserv (NYSE:FI - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS 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 for the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter last year, the firm posted $1.58 EPS. The company's revenue for the quarter was up 7.4% on a year-over-year basis. On average, analysts predict that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. StockNews.com assumed coverage on Fiserv in a report on Saturday, February 3rd. They set a "buy" rating for the company. Barclays increased their price objective on shares of Fiserv from $165.00 to $185.00 and gave the company an "overweight" rating in a research report on Monday, April 1st. Jefferies Financial Group upped their target price on shares of Fiserv from $150.00 to $160.00 and gave the company a "hold" rating in a research report on Monday, March 25th. B. Riley lifted their price target on Fiserv from $176.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, April 24th. Finally, TD Cowen boosted their price objective on Fiserv from $167.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $164.33.

Fiserv Company 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.