Deutsche Bank AG Has $426.51 Million Stake in Fiserv, Inc. (NYSE:FI)

Deutsche Bank AG raised its stake in Fiserv, Inc. (NYSE:FI) by 3.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,076,282 shares of the business services provider’s stock after acquiring an additional 78,672 shares during the period. Deutsche Bank AG’s holdings in Fiserv were worth $426,510,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Marshall Investment Management LLC bought a new stake in shares of Fiserv in the 4th quarter worth about $29,000. Valley National Advisers Inc. bought a new stake in Fiserv during the fourth quarter worth about $29,000. Compass Financial Services Inc acquired a new stake in shares of Fiserv during the fourth quarter worth approximately $31,000. Campbell Capital Management Inc. bought a new position in shares of Fiserv in the fourth quarter valued at approximately $37,000. Finally, Quarry LP boosted its holdings in shares of Fiserv by 51.9% in the 4th quarter. Quarry LP now owns 205 shares of the business services provider’s stock worth $42,000 after acquiring an additional 70 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FI. BMO Capital Markets dropped their price target on Fiserv from $254.00 to $232.00 and set an “outperform” rating for the company in a report on Friday, April 25th. Piper Sandler set a $218.00 price target on Fiserv in a report on Friday, April 25th. The Goldman Sachs Group upgraded shares of Fiserv from a “neutral” rating to a “buy” rating and raised their price objective for the company from $246.00 to $260.00 in a research report on Wednesday, April 2nd. UBS Group reduced their target price on shares of Fiserv from $265.00 to $255.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, Wells Fargo & Company raised their price target on shares of Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $230.00.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the completion of the transaction, the chief operating officer now owns 227,711 shares of the company’s stock, valued at $53,637,326.05. This represents a 16.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.74% of the company’s stock.

Fiserv Price Performance

Shares of FI opened at $181.38 on Friday. The stock has a 50 day simple moving average of $207.03 and a 200 day simple moving average of $211.15. Fiserv, Inc. has a 52-week low of $146.25 and a 52-week high of $238.59. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The firm has a market capitalization of $100.56 billion, a PE ratio of 33.65, a P/E/G ratio of 1.52 and a beta of 0.97.

Fiserv (NYSE:FI) last released its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, beating 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 company had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter in the prior year, the company earned $1.88 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. Sell-side analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its Board of Directors has approved a stock buyback program on Thursday, February 20th that allows the company to buyback 60,000,000 shares. This buyback authorization allows the business services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

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.