NBC Securities Inc. Purchases 11,588 Shares of Fiserv, Inc. (NYSE:FI)

NBC Securities Inc. raised its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 105,345.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 11,599 shares of the business services provider's stock after purchasing an additional 11,588 shares during the quarter. NBC Securities Inc.'s holdings in Fiserv were worth $2,561,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in FI. LaFleur & Godfrey LLC raised its position in Fiserv by 0.4% during the 4th quarter. LaFleur & Godfrey LLC now owns 18,116 shares of the business services provider's stock valued at $3,721,000 after purchasing an additional 75 shares during the last quarter. Brighton Jones LLC lifted its stake in Fiserv by 91.9% in the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock worth $872,000 after acquiring an additional 2,033 shares during the period. Union Bancaire Privee UBP SA bought a new stake in Fiserv in the fourth quarter valued at $11,330,000. Caprock Group LLC boosted its holdings in Fiserv by 5.0% in the fourth quarter. Caprock Group LLC now owns 14,730 shares of the business services provider's stock valued at $3,026,000 after acquiring an additional 708 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new position in Fiserv during the 4th quarter valued at $568,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Performance

Fiserv stock traded up $0.15 during trading on Tuesday, reaching $162.15. The company had a trading volume of 7,628,458 shares, compared to its average volume of 3,206,509. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The firm's 50-day simple moving average is $189.93 and its 200 day simple moving average is $206.78. The firm has a market capitalization of $89.90 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. Fiserv, Inc. has a 52 week low of $146.25 and a 52 week high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.06. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The company's revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.88 earnings per share. Sell-side analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its Board of Directors has approved a stock buyback plan on Thursday, February 20th that allows the company to repurchase 60,000,000 outstanding shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling

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

Analysts Set New Price Targets

FI has been the subject of a number of research analyst reports. Susquehanna lowered their target price on Fiserv from $250.00 to $240.00 and set a "positive" rating for the company in a research note on Friday, April 25th. UBS Group lowered their price objective on Fiserv from $255.00 to $225.00 and set a "buy" rating for the company in a research report on Wednesday, May 28th. 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 report on Thursday, February 6th. Mizuho set a $200.00 price target on shares of Fiserv in a research note on Thursday, May 15th. Finally, KeyCorp boosted their price objective on shares of Fiserv from $250.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $220.27.

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.