OVERSEA CHINESE BANKING Corp Ltd Takes Position in Fiserv, Inc. (NYSE:FI)

OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Fiserv, Inc. (NYSE:FI - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,571 shares of the business services provider's stock, valued at approximately $347,000.

Other hedge funds also recently added to or reduced their stakes in the company. Vega Investment Solutions purchased a new position in Fiserv in the 4th quarter valued at $25,000. Park Square Financial Group LLC acquired a new position in shares of Fiserv during the 4th quarter worth $28,000. Abound Financial LLC purchased a new stake in Fiserv during the 1st quarter worth about $38,000. Quarry LP increased its position in Fiserv by 51.9% during the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock worth $42,000 after purchasing an additional 70 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new stake in Fiserv during the 4th quarter worth about $54,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fiserv

In other news, insider Adam L. Rosman sold 2,512 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total value of $403,628.16. Following the completion of the sale, the insider owned 53,385 shares in the company, valued at $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Andrew Gelb sold 5,652 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total value of $904,320.00. Following the completion of the sale, the executive vice president owned 25,385 shares of the company's stock, valued at approximately $4,061,600. This trade represents a 18.21% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Royal Bank Of Canada set a $237.00 price target on Fiserv in a report on Friday, April 25th. JPMorgan Chase & Co. reduced their price target on Fiserv from $211.00 to $210.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Mizuho set a $200.00 price target on Fiserv in a research report on Thursday, May 15th. Morgan Stanley reissued an "overweight" rating and set a $268.00 price target (up from $267.00) on shares of Fiserv in a research report on Friday, April 25th. Finally, UBS Group reduced their price target on Fiserv from $255.00 to $225.00 and set a "buy" rating on the stock in a research report on Wednesday, May 28th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Fiserv currently has a consensus rating of "Moderate Buy" and a consensus price target of $220.59.

Fiserv Stock Performance

FI traded down $1.08 during trading on Friday, reaching $166.27. 890,438 shares of the company were exchanged, compared to its average volume of 4,111,307. The stock has a market cap of $92.19 billion, a P/E ratio of 29.37, a PEG ratio of 1.01 and a beta of 0.91. The firm has a 50 day moving average of $168.12 and a 200 day moving average of $197.10. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.02. Fiserv, Inc. has a 52 week low of $154.17 and a 52 week high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data 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 18.74% and a net margin of 15.68%. The firm 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 earned $1.88 EPS. The firm's revenue was up 5.1% on a year-over-year basis. On average, sell-side analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

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.