Citizens Financial Group Inc. RI Increases Holdings in Fiserv, Inc. (NYSE:FI)

Citizens Financial Group Inc. RI increased its position in Fiserv, Inc. (NYSE:FI) by 1.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 12,206 shares of the business services provider’s stock after acquiring an additional 195 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Fiserv were worth $1,951,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD bought a new stake in Fiserv in the 4th quarter worth approximately $5,885,279,000. Capital World Investors purchased a new stake in Fiserv in the fourth quarter worth $2,329,623,000. Massachusetts Financial Services Co. MA purchased a new stake in Fiserv in the fourth quarter worth $960,592,000. Veritas Asset Management LLP purchased a new stake in Fiserv in the fourth quarter worth $927,298,000. Finally, Parnassus Investments LLC bought a new stake in Fiserv in the fourth quarter worth $900,674,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on Fiserv from $169.00 to $176.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. KeyCorp lifted their target price on Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Mizuho lifted their target price on Fiserv from $156.00 to $168.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. TD Cowen boosted their price objective on Fiserv from $175.00 to $182.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Finally, William Blair raised Fiserv to a “strong-buy” rating in a research report on Wednesday, July 24th. 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $172.29.

Fiserv Stock Performance

Fiserv stock traded down $2.47 on Friday, reaching $158.92. 3,073,759 shares of the stock were exchanged, compared to its average volume of 2,525,168. The firm has a fifty day moving average price of $152.17 and a two-hundred day moving average price of $150.58. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $165.56. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. The stock has a market cap of $91.49 billion, a PE ratio of 29.58, a PEG ratio of 1.32 and a beta of 0.92.

Fiserv (NYSE:FI) last posted its earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. The business had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.81 earnings per share. Sell-side analysts anticipate that Fiserv, Inc. will post 8.73 EPS for the current year.

Insider Transactions at Fiserv

In related news, EVP John Gibbons sold 2,800 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were 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 $4,213,329.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were 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 in the company, valued at approximately $25,350,427.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John Gibbons sold 2,800 shares of the business’s stock in a transaction 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 owns 28,323 shares in the company, valued at approximately $4,213,329.48. The disclosure for this sale can be found here. Insiders sold 50,800 shares of company stock valued at $7,696,448 over the last quarter. Corporate insiders own 0.75% of the company’s stock.

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.