Schonfeld Strategic Advisors LLC Raises Holdings in Fiserv, Inc. (NYSE:FI)

Schonfeld Strategic Advisors LLC increased its position in Fiserv, Inc. (NYSE:FI) by 508.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 156,538 shares of the business services provider’s stock after buying an additional 130,807 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Fiserv were worth $32,156,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Northern Trust Corp raised its position in shares of Fiserv by 19.5% in the 4th quarter. Northern Trust Corp now owns 6,206,720 shares of the business services provider’s stock worth $1,274,984,000 after buying an additional 1,014,126 shares during the period. Quarry LP raised its position in Fiserv by 51.9% in the fourth quarter. Quarry LP now owns 205 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 70 shares during the period. Eight 31 Financial LLC purchased a new position in Fiserv in the fourth quarter valued at about $205,000. Johnson Financial Group Inc. raised its position in Fiserv by 108.0% in the fourth quarter. Johnson Financial Group Inc. now owns 12,052 shares of the business services provider’s stock valued at $2,604,000 after purchasing an additional 6,259 shares during the period. Finally, Coldstream Capital Management Inc. raised its position in Fiserv by 19.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 17,289 shares of the business services provider’s stock valued at $3,551,000 after purchasing an additional 2,870 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Guy Chiarello sold 45,000 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $235.55, for a total value of $10,599,750.00. Following the completion of the sale, the chief operating officer now directly owns 227,711 shares of the company’s stock, valued at approximately $53,637,326.05. This represents a 16.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.75% of the stock is currently owned by company insiders.

Fiserv Trading Up 0.2 %

Shares of FI stock opened at $177.89 on Tuesday. The stock has a 50-day simple moving average of $214.91 and a 200 day simple moving average of $212.03. Fiserv, Inc. has a fifty-two week low of $146.25 and a fifty-two week high of $238.59. The stock has a market capitalization of $99.36 billion, a P/E ratio of 33.00, a P/E/G ratio of 1.52 and a beta of 0.91. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI) last announced its earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, beating the consensus estimate of $2.08 by $0.06. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same period in the prior year, the business posted $1.88 earnings per share. Fiserv’s revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its board has authorized a share buyback program on Thursday, February 20th that permits the company to buyback 60,000,000 shares. This buyback authorization permits the business services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

FI has been the subject of a number of research reports. Monness Crespi & Hardt downgraded Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 price target for the company. in a research note on Wednesday, April 9th. KeyCorp lifted their price target on Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Morgan Stanley reiterated an “overweight” rating and issued a $268.00 price target (up from $267.00) on shares of Fiserv in a research note on Friday. Wells Fargo & Company raised their target price on shares of Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, UBS Group cut their target price on shares of Fiserv from $265.00 to $255.00 and set a “buy” rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $230.00.

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.