Fiserv, Inc. (NYSE:FI) Shares Bought by Rhumbline Advisers

Rhumbline Advisers increased its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 1.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,083,343 shares of the business services provider's stock after purchasing an additional 15,718 shares during the period. Rhumbline Advisers owned 0.20% of Fiserv worth $239,234,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Vega Investment Solutions acquired a new stake in Fiserv in the 4th quarter valued at about $25,000. Park Square Financial Group LLC acquired a new stake in Fiserv in the 4th quarter valued at about $28,000. Valley National Advisers Inc. acquired a new stake in Fiserv in the 4th quarter valued at about $29,000. Marshall Investment Management LLC acquired a new stake in Fiserv in the 4th quarter valued at about $29,000. Finally, Compass Financial Services Inc acquired a new stake in Fiserv in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 90.98% of the company's stock.

Insider Buying and Selling

In related news, EVP Andrew Gelb sold 5,652 shares of the business'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 now directly owns 25,385 shares of the company's stock, valued at $4,061,600. The trade was a 18.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total transaction of $403,628.16. Following the completion of the sale, the insider now directly owns 53,385 shares of the company's stock, valued at $8,577,901.80. The trade was a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.75% of the company's stock.

Fiserv Stock Up 0.8%

Shares of FI stock traded up $1.30 on Thursday, reaching $165.46. 1,306,360 shares of the stock were exchanged, compared to its average volume of 3,211,416. 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 business's 50 day moving average price is $187.75 and its 200 day moving average price is $206.18. The company has a market capitalization of $91.74 billion, a price-to-earnings ratio of 30.70, a PEG ratio of 1.52 and a beta of 0.91. Fiserv, Inc. has a twelve month low of $146.25 and a twelve month high of $238.59.

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 during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.88 earnings per share. As a group, sell-side analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Mizuho set a $200.00 price target on shares of Fiserv in a report on Thursday, May 15th. Jefferies Financial Group cut their price target on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating for the company in a report on Tuesday, May 27th. Keefe, Bruyette & Woods cut their price target on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a report on Wednesday, May 21st. KeyCorp raised their price target on shares of Fiserv from $250.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, Redburn Atlantic restated a "sell" rating and set a $150.00 price target on shares of Fiserv in a report on Thursday, April 17th. 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 given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $220.27.

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.