Czech National Bank Buys 7,319 Shares of Fiserv, Inc. (NYSE:FI)

Czech National Bank grew its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 5.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 130,672 shares of the business services provider's stock after purchasing an additional 7,319 shares during the quarter. Czech National Bank's holdings in Fiserv were worth $28,856,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Jacobi Capital Management LLC raised its position in shares of Fiserv by 0.4% in the 4th quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider's stock worth $2,281,000 after acquiring an additional 44 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Fiserv by 1.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider's stock worth $794,000 after purchasing an additional 44 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Fiserv by 1.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider's stock valued at $841,000 after acquiring an additional 45 shares during the last quarter. Catalina Capital Group LLC lifted its holdings in shares of Fiserv by 2.3% during the 4th quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider's stock valued at $444,000 after buying an additional 48 shares during the period. Finally, Hemington Wealth Management grew its stake in shares of Fiserv by 6.1% during the 4th quarter. Hemington Wealth Management now owns 864 shares of the business services provider's stock valued at $177,000 after purchasing an additional 50 shares during the period. Hedge funds and other institutional investors own 90.98% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FI. Truist Financial assumed coverage on shares of Fiserv in a report on Monday. They set a "buy" rating and a $181.00 price objective for the company. Redburn Atlantic reiterated a "sell" rating and set a $150.00 target price on shares of Fiserv in a report on Thursday, April 17th. The Goldman Sachs Group dropped their target price on Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. KeyCorp increased their price objective on Fiserv from $250.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, BMO Capital Markets dropped their target price on Fiserv from $254.00 to $232.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Fiserv presently has an average rating of "Moderate Buy" and an average price target of $220.27.

Fiserv Stock Up 0.6%

Shares of NYSE FI traded up $0.95 during mid-day trading on Thursday, reaching $165.11. 1,682,296 shares of the company traded hands, compared to its average volume of 4,101,582. 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 company's fifty day moving average is $187.75 and its two-hundred day moving average is $206.18. The stock has a market cap of $91.54 billion, a PE ratio of 30.63, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. Fiserv, Inc. has a fifty-two week low of $146.25 and a fifty-two week high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $4.86 billion. During the same period in the previous year, the business posted $1.88 earnings per share. Fiserv's quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its Board of Directors has initiated a stock repurchase 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 generally a sign that the company's board of directors believes its stock is undervalued.

Insider Activity at Fiserv

In related news, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the completion of the transaction, the insider now directly owns 53,385 shares in the company, valued at approximately $8,577,901.80. This trade represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total transaction of $904,320.00. Following the completion of the sale, the executive vice president now owns 25,385 shares in the company, valued at $4,061,600. This trade represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by company insiders.

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.