Baker Ellis Asset Management LLC Acquires 376 Shares of Fiserv, Inc. (NYSE:FI)

Baker Ellis Asset Management LLC lifted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 0.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 43,460 shares of the business services provider’s stock after purchasing an additional 376 shares during the period. Fiserv comprises about 1.0% of Baker Ellis Asset Management LLC’s investment portfolio, making the stock its 25th biggest position. Baker Ellis Asset Management LLC’s holdings in Fiserv were worth $6,946,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Investment Research & Advisory Group Inc. boosted its position in Fiserv by 8.4% during the 1st quarter. Investment Research & Advisory Group Inc. now owns 19,217 shares of the business services provider’s stock valued at $3,071,000 after buying an additional 1,484 shares during the period. First Bank & Trust bought a new position in shares of Fiserv in the 1st quarter worth about $245,000. WoodTrust Financial Corp increased its stake in Fiserv by 19.1% during the 1st quarter. WoodTrust Financial Corp now owns 1,908 shares of the business services provider’s stock valued at $305,000 after purchasing an additional 306 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in Fiserv by 57.5% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 3,002 shares of the business services provider’s stock valued at $480,000 after purchasing an additional 1,096 shares in the last quarter. Finally, Sawyer & Company Inc increased its stake in Fiserv by 2.3% during the 1st quarter. Sawyer & Company Inc now owns 11,971 shares of the business services provider’s stock valued at $1,913,000 after purchasing an additional 273 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 23,929 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $151.79, for a total value of $3,632,182.91. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP John Gibbons sold 2,800 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 28,323 shares in the company, valued at $4,213,329.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Guy Chiarello sold 23,929 shares of the business’s 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 owns 163,699 shares in the company, valued at approximately $24,847,871.21. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,729 shares of company stock valued at $7,611,991. 0.75% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on FI shares. 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. Citigroup lifted their price target on shares of Fiserv from $171.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research note on Wednesday. KeyCorp lifted their price target on shares of Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Finally, BMO Capital Markets lifted their price target on shares of Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Six analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $165.44.

Fiserv Price Performance

NYSE:FI traded down $0.04 during trading hours on Friday, hitting $149.04. 3,926,039 shares of the stock traded hands, compared to its average volume of 2,461,209. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $159.99. The stock has a 50 day moving average price of $150.81 and a 200 day moving average price of $147.10. 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 company has a market cap of $87.20 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 1.20 and a beta of 0.93.

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