Voloridge Investment Management LLC Buys 221,177 Shares of Fiserv, Inc. (NYSE:FI)

Voloridge Investment Management LLC lifted its stake in shares of Fiserv, Inc. (NYSE:FI) by 242.8% in the 4th quarter, Holdings Channel reports. The fund owned 312,282 shares of the business services provider’s stock after acquiring an additional 221,177 shares during the quarter. Voloridge Investment Management LLC’s holdings in Fiserv were worth $64,149,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Jacobi Capital Management LLC boosted its holdings in Fiserv by 0.4% during the fourth quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider’s stock worth $2,281,000 after purchasing an additional 44 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Fiserv by 1.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider’s stock worth $794,000 after purchasing an additional 44 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Fiserv by 1.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider’s stock worth $841,000 after purchasing an additional 45 shares during the last quarter. Catalina Capital Group LLC boosted its holdings in Fiserv by 2.3% during the fourth quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider’s stock worth $444,000 after purchasing an additional 48 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC boosted its holdings in Fiserv by 1.2% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock worth $848,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction dated Thursday, February 20th. The shares were 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 owns 227,711 shares in the company, valued at $53,637,326.05. The trade was a 16.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.74% of the company’s stock.

Fiserv Stock Performance

NYSE FI opened at $166.01 on Wednesday. Fiserv, Inc. has a 52-week low of $146.25 and a 52-week high of $238.59. The stock has a market cap of $92.04 billion, a PE ratio of 30.80, a P/E/G ratio of 1.52 and a beta of 0.97. The firm has a 50-day moving average of $200.54 and a 200-day moving average of $209.88. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.06. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The business had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter in the previous year, the company earned $1.88 EPS. The business’s revenue was up 5.1% on a year-over-year basis. On average, sell-side analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 20th that allows the company to repurchase 60,000,000 shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts recently commented on FI shares. Redburn Atlantic restated a “sell” rating and set a $150.00 target price on shares of Fiserv in a report on Thursday, April 17th. Citigroup reduced their target price on shares of Fiserv from $267.00 to $240.00 and set a “buy” rating for the company in a report on Friday, April 25th. Morgan Stanley restated an “overweight” rating and set a $268.00 target price (up previously from $267.00) on shares of Fiserv in a report on Friday, April 25th. JPMorgan Chase & Co. reduced their target price on shares of Fiserv from $211.00 to $210.00 and set an “overweight” rating for the company in a report on Monday. Finally, BMO Capital Markets cut their price target on shares of Fiserv from $254.00 to $232.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. Two analysts have rated the stock with a sell rating, one has assigned 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 currently has an average rating of “Moderate Buy” and an average target price of $225.80.

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.