Cypress Advisory Group LLC Acquires New Position in Fiserv, Inc. (NYSE:FI)

Cypress Advisory Group LLC bought a new position in Fiserv, Inc. (NYSE:FI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,785 shares of the business services provider's stock, valued at approximately $2,215,000. Fiserv comprises approximately 2.0% of Cypress Advisory Group LLC's holdings, making the stock its 14th largest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Marshall Investment Management LLC purchased a new position in Fiserv in the 4th quarter worth about $29,000. Valley National Advisers Inc. bought a new position in shares of Fiserv during the 4th quarter valued at $29,000. Compass Financial Services Inc purchased a new position in shares of Fiserv in the 4th quarter worth $31,000. Campbell Capital Management Inc. bought a new stake in shares of Fiserv in the fourth quarter worth $37,000. Finally, Quarry LP increased its position in Fiserv by 51.9% during the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after acquiring an additional 70 shares during the last quarter. Institutional investors own 90.98% of the company's stock.

Insider Activity at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the sale, the chief operating officer now directly 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. 0.75% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on FI shares. Barclays dropped their price target on shares of Fiserv from $265.00 to $230.00 and set an "overweight" rating on the stock in a research note on Monday. Wells Fargo & Company raised their price target on Fiserv from $240.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Stephens increased their target price on Fiserv from $255.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Susquehanna lowered their price target on Fiserv from $250.00 to $240.00 and set a "positive" rating on the stock in a report on Friday, April 25th. Finally, KeyCorp lifted their price objective on shares of Fiserv from $250.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $230.00.

Fiserv Stock Down 0.3 %

NYSE:FI opened at $184.65 on Thursday. Fiserv, Inc. has a 1-year low of $146.25 and a 1-year high of $238.59. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The firm has a market capitalization of $103.14 billion, a P/E ratio of 34.26, a PEG ratio of 1.52 and a beta of 0.91. The company's fifty day moving average price is $212.97 and its 200-day moving average price is $211.66.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping analysts' consensus estimates of $2.08 by $0.06. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.86 billion. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The company's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.88 earnings per share. As a group, equities research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv declared that its Board of Directors has authorized 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 repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.