Livforsakringsbolaget Skandia Omsesidigt Acquires New Position in Fiserv, Inc. (NYSE:FI)

Livforsakringsbolaget Skandia Omsesidigt bought 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 fund bought 15,809 shares of the business services provider’s stock, valued at approximately $2,100,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Comerica Bank bought a new stake in shares of Fiserv during the second quarter worth $200,000. West Oak Capital LLC acquired a new position in shares of Fiserv during the fourth quarter worth $27,000. Halpern Financial Inc. acquired a new position in shares of Fiserv during the fourth quarter worth $27,000. Fortitude Family Office LLC acquired a new position in shares of Fiserv during the fourth quarter worth $28,000. Finally, PCA Investment Advisory Services Inc. acquired a new position in shares of Fiserv during the second quarter worth $27,000. Institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

FI has been the topic of a number of recent research reports. Oppenheimer upgraded shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price target on the stock in a report on Thursday, January 11th. Susquehanna boosted their target price on shares of Fiserv from $175.00 to $180.00 and gave the company a “positive” rating in a report on Monday, March 25th. B. Riley boosted their target price on shares of Fiserv from $152.00 to $176.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Morgan Stanley boosted their target price on shares of Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Finally, Evercore ISI restated an “outperform” rating and issued a $185.00 target price on shares of Fiserv in a report on Tuesday, March 26th. Six research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and an average target price of $158.21.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 23,929 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $151.79, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 111,575 shares of company stock worth $17,022,387 in the last three months. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Stock Performance

Shares of FI stock traded up $0.73 during trading on Wednesday, reaching $147.13. 2,948,917 shares of the company’s stock traded hands, compared to its average volume of 2,519,970. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $159.99. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. The company 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 firm’s 50-day moving average is $151.56 and its 200 day moving average is $135.95.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, topping 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 business had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.68 billion. During the same period in the prior year, the company posted $1.91 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. Equities research analysts expect that Fiserv, Inc. will post 8.62 EPS for the current year.

Fiserv 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.