2,100 Shares in Fiserv, Inc. (NYSE:FI) Acquired by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC purchased a new position in shares of Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,100 shares of the business services provider’s stock, valued at approximately $279,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FI. Vanguard Group Inc. increased its holdings in Fiserv by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock worth $5,705,241,000 after purchasing an additional 789,232 shares during the last quarter. State Street Corp increased its holdings in Fiserv by 4.1% during the 1st quarter. State Street Corp now owns 25,700,156 shares of the business services provider’s stock worth $2,904,889,000 after purchasing an additional 1,022,653 shares during the last quarter. Geode Capital Management LLC increased its holdings in Fiserv by 1.2% during the 1st quarter. Geode Capital Management LLC now owns 12,421,876 shares of the business services provider’s stock worth $1,400,906,000 after purchasing an additional 149,811 shares during the last quarter. Morgan Stanley increased its holdings in Fiserv by 131.3% during the 4th quarter. Morgan Stanley now owns 9,980,646 shares of the business services provider’s stock worth $1,008,744,000 after purchasing an additional 5,666,145 shares during the last quarter. Finally, BlueSpruce Investments LP increased its holdings in shares of Fiserv by 6.7% in the 2nd quarter. BlueSpruce Investments LP now owns 7,419,797 shares of the business services provider’s stock valued at $936,007,000 after acquiring an additional 465,468 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Trading Up 0.3 %

Shares of Fiserv stock traded up $0.41 during trading on Thursday, reaching $159.74. 2,751,412 shares of the company were exchanged, compared to its average volume of 2,595,266. 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, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99. The business has a 50-day moving average price of $147.77 and a 200-day moving average price of $132.20. The firm has a market capitalization of $94.31 billion, a price-to-earnings ratio of 31.95, a P/E/G ratio of 1.30 and a beta of 0.91.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.04. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The business had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.68 billion. During the same period in the previous year, the firm earned $1.91 earnings per share. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. Sell-side analysts anticipate that Fiserv, Inc. will post 8.62 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on FI shares. Susquehanna upped their price objective on Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research note on Monday. BNP Paribas upgraded Fiserv from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 10th. Royal Bank of Canada increased their price objective on Fiserv from $144.00 to $158.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Morgan Stanley raised their price target on Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Finally, Tigress Financial raised their price objective on Fiserv from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, December 22nd. Seven research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.83.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $25,209,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 18.20% 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.