Tandem Investment Advisors Inc. Buys New Stake in Fiserv, Inc. (NYSE:FI)

Tandem Investment Advisors Inc. bought a new stake in Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 38,504 shares of the business services provider’s stock, valued at approximately $5,115,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Fiserv by 1.6% in the third quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock valued at $5,705,241,000 after acquiring an additional 789,232 shares during the period. State Street Corp boosted its position in Fiserv by 4.1% in the first quarter. State Street Corp now owns 25,700,156 shares of the business services provider’s stock valued at $2,904,889,000 after buying an additional 1,022,653 shares in the last quarter. Geode Capital Management LLC boosted its position in Fiserv by 1.2% in the first quarter. Geode Capital Management LLC now owns 12,421,876 shares of the business services provider’s stock valued at $1,400,906,000 after buying an additional 149,811 shares in the last quarter. Morgan Stanley boosted its position in Fiserv by 131.3% in 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 in the last quarter. Finally, Nuveen Asset Management LLC boosted its position in Fiserv by 14.1% in the second quarter. Nuveen Asset Management LLC now owns 6,606,698 shares of the business services provider’s stock valued at $833,435,000 after buying an additional 817,660 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 0.5 %

NYSE FI traded up $0.73 during trading hours on Wednesday, hitting $147.13. The company’s stock had a trading volume of 2,948,917 shares, compared to its average volume of 2,519,970. The stock has a fifty day moving average of $151.56 and a 200 day moving average of $135.95. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99. The firm has a market capitalization of $86.62 billion, a P/E ratio of 29.28, a PEG ratio of 1.21 and a beta of 0.91. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73.

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

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $149.53, for a total value of $3,588,720.00. Following the completion of the sale, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,477,911.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 111,575 shares of company stock valued at $17,022,387. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on FI. KeyCorp upgraded shares of Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 price target on the stock in a research report on Monday, January 8th. Morgan Stanley boosted their price target on shares of Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Susquehanna boosted their price target on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a research report on Monday, March 25th. Stephens boosted their price target on shares of Fiserv from $140.00 to $150.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Finally, B. Riley upped their target price on shares of Fiserv from $152.00 to $176.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Six research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and an average target price of $158.21.

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.