Symmetry Investments LP Purchases Shares of 3,472 Fiserv, Inc. (NYSE:FI)

Symmetry Investments LP purchased a new stake in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,472 shares of the business services provider’s stock, valued at approximately $461,000.

Several other large investors have also recently modified their holdings of FI. Vanguard Group Inc. purchased a new position in shares of Fiserv in the third quarter worth about $5,705,241,000. Capital World Investors bought a new stake in shares of Fiserv in the fourth quarter worth about $2,329,623,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Fiserv in the fourth quarter worth about $960,592,000. Veritas Asset Management LLP bought a new stake in shares of Fiserv in the fourth quarter worth about $927,298,000. Finally, Parnassus Investments LLC bought a new stake in shares of Fiserv in the fourth quarter worth about $900,674,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of NYSE FI opened at $148.20 on Tuesday. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99. The firm has a market cap of $86.71 billion, a P/E ratio of 27.96, a PEG ratio of 1.22 and a beta of 0.93. The company has a 50 day moving average of $151.79 and a 200 day moving average of $145.36. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81.

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

Analyst Ratings Changes

FI has been the topic of several recent analyst reports. Robert W. Baird raised their target price on Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. B. Riley raised their target price on Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Stephens reissued an “equal weight” rating and issued a $165.00 target price on shares of Fiserv in a research note on Wednesday, April 24th. Jefferies Financial Group lifted their price objective on Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research report on Monday, March 25th. Finally, Mizuho lifted their price objective on Fiserv from $156.00 to $168.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.83.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $149.53, for a total value of $3,588,720.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $24,477,911.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders sold 111,575 shares of company stock worth $17,022,387. Insiders own 0.75% of the company’s stock.

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.