State of Alaska Department of Revenue Acquires 300 Shares of Fiserv, Inc. (NYSE:FI)

State of Alaska Department of Revenue increased its holdings in Fiserv, Inc. (NYSE:FI) by 0.4% in the first quarter, HoldingsChannel reports. The firm owned 74,873 shares of the business services provider’s stock after purchasing an additional 300 shares during the period. State of Alaska Department of Revenue’s holdings in Fiserv were worth $11,965,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. West Oak Capital LLC bought a new stake in Fiserv during the fourth quarter valued at about $27,000. Halpern Financial Inc. acquired a new position in shares of Fiserv during the fourth quarter valued at about $27,000. GW&K Investment Management LLC acquired a new position in shares of Fiserv during the fourth quarter valued at about $27,000. RE Dickinson Investment Advisors LLC acquired a new position in shares of Fiserv during the fourth quarter valued at about $27,000. Finally, Fortitude Family Office LLC acquired a new position in shares of Fiserv during the fourth quarter valued at about $28,000. 90.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on FI shares. KeyCorp upped their price objective on shares of Fiserv from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. B. Riley increased their price target on shares of Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Stephens reissued an “equal weight” rating and issued a $165.00 price target on shares of Fiserv in a research report on Wednesday, April 24th. BMO Capital Markets increased their price target on shares of Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Finally, UBS Group upped their price objective 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. Six equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and an average price target of $165.44.

Fiserv Stock Performance

Shares of FI stock opened at $148.79 on Thursday. The company has a market capitalization of $87.06 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 1.20 and a beta of 0.92. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50-day simple moving average of $150.66 and a 200 day simple moving average of $147.38. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99.

Fiserv (NYSE:FI) last announced 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. The business had revenue of $4.88 billion during 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%. Fiserv’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.58 EPS. On average, sell-side analysts predict that Fiserv, Inc. will post 8.69 earnings per share for the current year.

Insiders Place Their Bets

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

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.