BDF Gestion Buys Shares of 20,000 Fiserv, Inc. (NYSE:FI)

BDF Gestion purchased a new position in Fiserv, Inc. (NYSE:FI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 20,000 shares of the business services provider’s stock, valued at approximately $2,981,000.

A number of other hedge funds have also recently added to or reduced their stakes in FI. Wellington Shields & Co. LLC acquired a new position in Fiserv during the 1st quarter worth $25,000. GW&K Investment Management LLC acquired a new position in shares of Fiserv during the 4th quarter valued at about $27,000. RE Dickinson Investment Advisors LLC acquired a new position in shares of Fiserv during the 4th quarter valued at about $27,000. Private Wealth Management Group LLC bought a new stake in Fiserv during the 4th quarter valued at approximately $30,000. Finally, Canton Hathaway LLC bought a new stake in shares of Fiserv in the 4th quarter worth approximately $32,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Price Performance

Shares of Fiserv stock traded up $1.47 on Friday, hitting $161.62. The company’s stock had a trading volume of 1,576,017 shares, compared to its average volume of 2,521,503. The firm has a fifty day moving average price of $153.02 and a 200-day moving average price of $151.27. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $165.56. The company has a market capitalization of $94.56 billion, a P/E ratio of 30.21, a price-to-earnings-growth ratio of 1.31 and a beta of 0.92. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The firm had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. Fiserv’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.81 EPS. On average, equities research analysts expect that Fiserv, Inc. will post 8.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP John Gibbons sold 2,800 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,213,329.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 sale, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $154.86, for a total value of $3,716,640.00. Following the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at approximately $25,350,427.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,800 shares of company stock valued at $7,696,448. Insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on FI shares. TD Cowen increased their target price on Fiserv from $175.00 to $182.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. KeyCorp lifted their target price on Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, July 25th. Stephens restated an “equal weight” rating and issued a $165.00 price target on shares of Fiserv in a report on Wednesday, April 24th. Citigroup raised Fiserv to a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods boosted their price target on Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and an average price target of $172.29.

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.