Steph & Co. Makes New Investment in Fiserv, Inc. (NYSE:FI)

Steph & Co. acquired a new position in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,772 shares of the business services provider’s stock, valued at approximately $501,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. bought a new position in Fiserv during the third quarter valued at approximately $5,705,241,000. Morgan Stanley grew its stake in shares of Fiserv by 131.3% during the fourth quarter. Morgan Stanley now owns 9,980,646 shares of the business services provider’s stock valued at $1,008,744,000 after buying an additional 5,666,145 shares during the last quarter. Norges Bank purchased a new position in shares of Fiserv in the fourth quarter worth about $547,079,000. Moneta Group Investment Advisors LLC grew its position in Fiserv by 135,763.7% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,588,117 shares of the business services provider’s stock worth $463,721,000 after acquiring an additional 4,584,740 shares during the last quarter. Finally, Nordea Investment Management AB purchased a new position in shares of Fiserv in the fourth quarter worth $351,525,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In other Fiserv news, COO Guy Chiarello sold 63,646 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total value of $9,801,484.00. Following the completion of the transaction, the chief operating officer now directly 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 accessible through the SEC website. In the last quarter, insiders sold 111,575 shares of company stock valued at $17,022,387. Company insiders own 0.75% of the company’s stock.

Fiserv Trading Up 0.5 %

NYSE:FI traded up $0.70 during midday trading on Wednesday, hitting $147.10. The stock had a trading volume of 2,935,266 shares, compared to its average volume of 2,519,786. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73. The stock has a 50-day moving average of $151.56 and a 200 day moving average of $135.95. The company has a market capitalization of $86.61 billion, a price-to-earnings ratio of 29.28, a PEG ratio of 1.21 and a beta of 0.91. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.04. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The firm had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.68 billion. During the same period in the previous year, the company posted $1.91 earnings per share. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, sell-side analysts forecast that Fiserv, Inc. will post 8.62 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Mizuho reissued a “buy” rating and issued a $156.00 price target on shares of Fiserv in a report on Wednesday, March 27th. Barclays increased their target price on Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Robert W. Baird increased their price objective on Fiserv from $168.00 to $185.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Evercore ISI restated an “outperform” rating and set a $185.00 target price on shares of Fiserv in a report on Tuesday, March 26th. Finally, Stephens increased their price target on shares of Fiserv from $140.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Six research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $158.21.

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.