Fiserv, Inc. (NYSE:FI) Shares Acquired by Zurich Insurance Group Ltd FI

Zurich Insurance Group Ltd FI grew its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 17.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 371,582 shares of the business services provider's stock after purchasing an additional 56,434 shares during the quarter. Zurich Insurance Group Ltd FI owned approximately 0.07% of Fiserv worth $76,330,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FI. Barclays PLC boosted its position in Fiserv by 3.0% during the third quarter. Barclays PLC now owns 1,685,157 shares of the business services provider's stock worth $302,737,000 after acquiring an additional 48,413 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in Fiserv by 6.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 5,192 shares of the business services provider's stock worth $1,067,000 after acquiring an additional 325 shares during the last quarter. Ritholtz Wealth Management boosted its position in Fiserv by 24.2% during the fourth quarter. Ritholtz Wealth Management now owns 5,106 shares of the business services provider's stock worth $1,049,000 after acquiring an additional 994 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its position in Fiserv by 3.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider's stock worth $360,000 after acquiring an additional 51 shares during the last quarter. Finally, Wedge Capital Management L L P NC acquired a new position in Fiserv during the fourth quarter worth about $204,000. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Trading Up 1.6%

Shares of FI stock opened at $169.27 on Tuesday. 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 stock has a market capitalization of $93.85 billion, a P/E ratio of 31.40, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. The company has a 50 day moving average price of $201.41 and a 200 day moving average price of $210.18. 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 announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, beating analysts' consensus estimates of $2.08 by $0.06. The firm had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $4.86 billion. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The business's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.88 earnings per share. Equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its board has approved a stock repurchase program on Thursday, February 20th that permits the company to buyback 60,000,000 shares. This buyback authorization permits the business services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $235.55, for a total value of $10,599,750.00. Following the completion of the transaction, the chief operating officer now owns 227,711 shares in the company, valued at approximately $53,637,326.05. The trade was a 16.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.74% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on FI shares. KeyCorp boosted their price target on shares of Fiserv from $250.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. lowered their price target on shares of Fiserv from $211.00 to $210.00 and set an "overweight" rating on the stock in a research report on Monday. Royal Bank of Canada set a $237.00 price target on shares of Fiserv in a research report on Friday, April 25th. The Goldman Sachs Group reduced their target price on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a research note on Monday. Finally, Susquehanna reduced their target price on shares of Fiserv from $250.00 to $240.00 and set a "positive" rating on the stock in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $225.80.

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.

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