Taylor Financial Group Inc. Makes New Investment in Fiserv, Inc. (NYSE:FI)

Taylor Financial Group Inc. acquired a new position in Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 28,535 shares of the business services provider’s stock, valued at approximately $3,791,000. Fiserv accounts for approximately 3.1% of Taylor Financial Group Inc.’s investment portfolio, making the stock its 3rd biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of FI. Hollencrest Capital Management increased its position in shares of Fiserv by 75.8% during the third quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. West Oak Capital LLC bought a new stake in Fiserv in the 4th quarter worth approximately $27,000. Halpern Financial Inc. bought a new stake in Fiserv in the 4th quarter worth approximately $27,000. GW&K Investment Management LLC bought a new stake in Fiserv in the 4th quarter worth approximately $27,000. Finally, RE Dickinson Investment Advisors LLC purchased a new position in shares of Fiserv during the 4th quarter worth $27,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were 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 directly owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $148.76, for a total value of $416,528.00. Following the completion of the sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The disclosure for this sale can be found here. Insiders sold a total of 90,375 shares of company stock valued at $13,850,195 in the last three months. Company insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

FI has been the topic of several analyst reports. Mizuho lifted their price target on shares of Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. UBS Group lifted their price target on shares of Fiserv from $170.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Robert W. Baird lifted their price target on shares of Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. TD Cowen lifted their price target on shares of Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, B. Riley lifted their target price on shares of Fiserv from $176.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Seven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.44.

Fiserv Trading Up 0.5 %

NYSE:FI traded up $0.70 during mid-day trading on Friday, hitting $148.96. 2,374,234 shares of the stock traded hands, compared to its average volume of 2,471,151. The stock has a market capitalization of $87.16 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 1.19 and a beta of 0.93. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99. The firm’s 50 day moving average is $151.26 and its two-hundred day moving average is $145.55. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81.

Fiserv (NYSE:FI) last issued its quarterly 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. The company had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.58 EPS. On average, equities research analysts predict that Fiserv, Inc. will post 8.69 earnings per share for the current year.

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.