Analyst IMS Investment Management Services Ltd. Takes Position in Fiserv, Inc. (NYSE:FI)

Analyst IMS Investment Management Services Ltd. acquired a new stake in Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 10,928 shares of the business services provider’s stock, valued at approximately $1,452,000.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. bought a new position in shares of Fiserv in the third quarter worth $5,705,241,000. Massachusetts Financial Services Co. MA acquired a new stake in Fiserv in the fourth quarter valued at about $960,592,000. Norges Bank acquired a new stake in Fiserv in the fourth quarter valued at about $874,377,000. Charles Schwab Investment Management Inc. acquired a new stake in Fiserv in the fourth quarter valued at about $450,830,000. Finally, California Public Employees Retirement System acquired a new stake in Fiserv in the fourth quarter valued at about $423,780,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Up 0.1 %

Shares of NYSE FI traded up $0.14 during midday trading on Friday, hitting $150.34. 1,579,942 shares of the stock traded hands, compared to its average volume of 2,305,582. The company has a market cap of $87.96 billion, a PE ratio of 28.10, a P/E/G ratio of 1.21 and a beta of 0.92. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99. The business has a 50 day moving average price of $153.50 and a two-hundred day moving average price of $143.20. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06.

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

Insider Buying and Selling

In related news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction 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 owns 163,699 shares in the company, valued at $25,209,646. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FI. Citigroup lifted their price target on Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. KeyCorp lifted their price objective on Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Evercore ISI reaffirmed an “outperform” rating and issued a $185.00 price objective on shares of Fiserv in a research note on Tuesday, March 26th. BMO Capital Markets lifted their price objective on Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $165.00 price objective on shares of Fiserv in a research note on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.83.

Fiserv Company 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.