Fiserv, Inc. (NYSE:FI) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale increased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 3.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 375,652 shares of the business services provider’s stock after buying an additional 12,848 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Fiserv were worth $59,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction dated 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 directly owns 163,699 shares of the company’s stock, valued at approximately $25,350,427.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction on 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 completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $25,350,427.14. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John Gibbons sold 2,800 shares of Fiserv 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 directly 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 90 days. Corporate insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

FI has been the subject of a number of research analyst reports. B. Riley raised their target price on Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Stephens restated an “equal weight” rating and issued a $165.00 price objective on shares of Fiserv in a research note on Wednesday, April 24th. Wells Fargo & Company upped their target price on Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. William Blair raised shares of Fiserv to a “strong-buy” rating in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Fiserv from $169.00 to $176.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and an average target price of $172.29.

Fiserv Price Performance

FI traded down $2.47 during trading on Friday, hitting $158.92. The company’s stock had a trading volume of 3,082,216 shares, compared to its average volume of 2,734,851. 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 firm has a market capitalization of $91.49 billion, a price-to-earnings ratio of 29.70, a P/E/G ratio of 1.31 and a beta of 0.92. The business’s fifty day simple moving average is $152.34 and its 200 day simple moving average is $150.73. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $165.56.

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

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.