Deutsche Bank AG Grows Stock Holdings in Fiserv, Inc. (NYSE:FI)

Deutsche Bank AG grew its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,076,282 shares of the business services provider's stock after purchasing an additional 78,672 shares during the quarter. Deutsche Bank AG owned about 0.36% of Fiserv worth $426,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in FI. Valley National Advisers Inc. acquired a new position in Fiserv during the 4th quarter worth approximately $29,000. Marshall Investment Management LLC bought a new position in shares of Fiserv in the fourth quarter valued at $29,000. Compass Financial Services Inc bought a new stake in shares of Fiserv during the fourth quarter worth about $31,000. Campbell Capital Management Inc. acquired a new stake in shares of Fiserv in the 4th quarter worth about $37,000. Finally, Quarry LP boosted its stake in Fiserv by 51.9% during the 4th 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 last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FI has been the subject of several analyst reports. Citigroup lowered their price objective on Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Keefe, Bruyette & Woods cut their price objective on shares of Fiserv from $260.00 to $240.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Monness Crespi & Hardt lowered shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 target price for the company. in a research note on Wednesday, April 9th. Wells Fargo & Company upped their target price on shares of Fiserv from $240.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Finally, BMO Capital Markets reduced their target price 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 equities research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Fiserv has a consensus rating of "Moderate Buy" and a consensus target price of $230.00.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction 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 sale, the chief operating officer now owns 227,711 shares of the company's stock, valued at approximately $53,637,326.05. This trade represents a 16.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.74% of the company's stock.

Fiserv Stock Performance

Shares of Fiserv stock traded up $2.55 during trading hours on Monday, reaching $186.62. The company had a trading volume of 3,096,516 shares, compared to its average volume of 2,848,496. Fiserv, Inc. has a one year low of $146.25 and a one year high of $238.59. The business has a fifty day simple moving average of $206.23 and a 200 day simple moving average of $211.16. 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 cap of $103.47 billion, a PE ratio of 34.62, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly 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. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The firm had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same period last year, the company earned $1.88 earnings per share. The business's revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its board has initiated a stock buyback plan on Thursday, February 20th that allows the company to buyback 60,000,000 shares. This buyback authorization allows the business services provider to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

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.