Hennion & Walsh Asset Management Inc. Has $480,000 Stock Position in Fiserv, Inc. (NYSE:FI)

Hennion & Walsh Asset Management Inc. grew its position in Fiserv, Inc. (NYSE:FI) by 57.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 3,002 shares of the business services provider’s stock after acquiring an additional 1,096 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Fiserv were worth $480,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Sawyer & Company Inc lifted its stake in Fiserv by 2.3% in the first quarter. Sawyer & Company Inc now owns 11,971 shares of the business services provider’s stock valued at $1,913,000 after acquiring an additional 273 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in Fiserv in the first quarter worth $216,000. Artemis Investment Management LLP increased its position in Fiserv by 215.0% during the first quarter. Artemis Investment Management LLP now owns 514,696 shares of the business services provider’s stock worth $82,225,000 after buying an additional 351,317 shares during the last quarter. Indiana Trust & Investment Management CO raised its holdings in Fiserv by 2.3% during the first quarter. Indiana Trust & Investment Management CO now owns 24,791 shares of the business services provider’s stock valued at $3,962,000 after buying an additional 549 shares in the last quarter. Finally, Courier Capital LLC acquired a new stake in shares of Fiserv in the first quarter worth about $209,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Jefferies Financial Group raised their price objective on Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Monday, March 25th. Wells Fargo & Company started coverage on shares of Fiserv in a research note on Wednesday, June 12th. They issued an “overweight” rating and a $180.00 price objective for the company. Robert W. Baird lifted their target price on shares of Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Royal Bank of Canada upped their price target on shares of Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Finally, Stephens reiterated an “equal weight” rating and issued a $165.00 price objective on shares of Fiserv in a research note on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $165.44.

Insiders Place Their Bets

In related news, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $148.76, for a total transaction of $416,528.00. Following the completion of the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $148.47, for a total transaction of $3,563,280.00. Following the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,304,390.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Gibbons sold 2,800 shares of the firm’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 transaction of $416,528.00. Following the completion of the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,729 shares of company stock valued at $7,611,991. 0.75% of the stock is currently owned by insiders.

Fiserv Price Performance

Fiserv stock opened at $149.39 on Wednesday. The business has a 50 day simple moving average of $150.78 and a 200 day simple moving average of $147.27. 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 company has a market capitalization of $87.41 billion, a PE ratio of 27.92, a price-to-earnings-growth ratio of 1.20 and a beta of 0.92. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $4.57 billion. During the same period last year, the business earned $1.58 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. On average, sell-side analysts forecast that Fiserv, Inc. will post 8.69 EPS for the current fiscal 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.