Syon Capital LLC Makes New $699,000 Investment in Fiserv, Inc. (NYSE:FI)

Syon Capital LLC acquired a new position in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,264 shares of the business services provider’s stock, valued at approximately $699,000.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. purchased a new position in shares of Fiserv in the 3rd quarter valued at about $5,705,241,000. Price T Rowe Associates Inc. MD acquired a new position in Fiserv during the fourth quarter worth about $5,885,279,000. Capital World Investors acquired a new stake in shares of Fiserv during the 4th quarter valued at approximately $2,329,623,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Fiserv during the 4th quarter worth approximately $960,592,000. Finally, Veritas Asset Management LLP acquired a new stake in shares of Fiserv in the 4th quarter worth approximately $927,298,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

In other Fiserv news, EVP John Gibbons sold 2,800 shares of Fiserv stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $148.76, for a total transaction of $416,528.00. Following the transaction, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at $4,213,329.48. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, COO Guy Chiarello sold 23,929 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $24,847,871.21. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John Gibbons sold 2,800 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $148.76, for a total value of $416,528.00. Following the completion of the transaction, the executive vice president now owns 28,323 shares of the company’s stock, valued at approximately $4,213,329.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,375 shares of company stock valued at $13,850,195. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Trading Up 0.5 %

Shares of NYSE FI traded up $0.68 during trading on Friday, hitting $148.94. 2,374,240 shares of the company traded hands, compared to its average volume of 2,055,062. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $87.14 billion, a P/E ratio of 27.84, a P/E/G ratio of 1.20 and a beta of 0.93. The company has a 50-day moving average price of $151.09 and a 200-day moving average price of $145.83. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $159.99.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on FI. Wells Fargo & Company started coverage on Fiserv in a research report on Wednesday. They set an “overweight” rating and a $180.00 target price on the stock. Evercore ISI reissued an “outperform” rating and issued a $185.00 price objective on shares of Fiserv in a research note on Tuesday, March 26th. KeyCorp lifted their target price on shares of Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Royal Bank of Canada increased their price target on shares of Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Finally, StockNews.com downgraded Fiserv from a “buy” rating to a “hold” rating in a research report on Thursday. Seven research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $165.44.

About Fiserv

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.