Entropy Technologies LP Takes $1.69 Million Position in Fiserv, Inc. (NYSE:FI)

Entropy Technologies LP purchased a new position in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 8,225 shares of the business services provider’s stock, valued at approximately $1,690,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Empowered Funds LLC increased its stake in shares of Fiserv by 12.5% in the fourth quarter. Empowered Funds LLC now owns 10,492 shares of the business services provider’s stock valued at $2,155,000 after buying an additional 1,164 shares in the last quarter. Wilmington Savings Fund Society FSB grew its holdings in Fiserv by 7.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 18,529 shares of the business services provider’s stock worth $3,806,000 after acquiring an additional 1,215 shares during the last quarter. Kingsview Wealth Management LLC increased its position in Fiserv by 3.5% in the 4th quarter. Kingsview Wealth Management LLC now owns 6,244 shares of the business services provider’s stock valued at $1,283,000 after acquiring an additional 209 shares in the last quarter. Apollon Wealth Management LLC lifted its position in shares of Fiserv by 4.1% during the fourth quarter. Apollon Wealth Management LLC now owns 19,575 shares of the business services provider’s stock worth $4,021,000 after purchasing an additional 769 shares in the last quarter. Finally, Conning Inc. lifted its holdings in Fiserv by 22.1% during the 4th quarter. Conning Inc. now owns 5,450 shares of the business services provider’s stock worth $1,120,000 after buying an additional 987 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FI. KeyCorp raised their target price on shares of Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday. JPMorgan Chase & Co. raised their price target on Fiserv from $199.00 to $227.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada increased their target price on Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a research note on Thursday. Morgan Stanley boosted their target price on Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Citigroup increased their price target on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Two analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $235.91.

Insider Buying and Selling

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at approximately $8,320,644.31. This represents a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Price Performance

Shares of FI opened at $230.18 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a twelve month low of $142.14 and a twelve month high of $233.26. The stock has a market capitalization of $130.95 billion, a P/E ratio of 42.71, a P/E/G ratio of 1.52 and a beta of 0.94. The company has a 50 day moving average of $209.01 and a 200-day moving average of $193.52.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. As a group, equities research analysts forecast that Fiserv, Inc. will post 10.22 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.