2,766 Shares in Fiserv, Inc. (NYSE:FI) Bought by Heck Capital Advisors LLC

Heck Capital Advisors LLC purchased a new stake in Fiserv, Inc. (NYSE:FI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,766 shares of the business services provider's stock, valued at approximately $568,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of FI. Polar Asset Management Partners Inc. bought a new stake in shares of Fiserv in the 4th quarter valued at approximately $26,705,000. Challenger Wealth Management acquired a new stake in Fiserv in the 4th quarter valued at $205,000. Ascent Group LLC boosted its stake in Fiserv by 5.5% in the 4th quarter. Ascent Group LLC now owns 27,679 shares of the business services provider's stock valued at $5,686,000 after buying an additional 1,443 shares in the last quarter. Putney Financial Group LLC bought a new stake in Fiserv in the fourth quarter valued at $164,000. Finally, Perennial Advisors LLC acquired a new position in Fiserv during the fourth quarter worth $15,373,000. Institutional investors own 90.98% of the company's stock.

Fiserv Trading Up 1.7%

FI traded up $2.78 during trading on Friday, reaching $162.40. 11,957,462 shares of the company's stock were exchanged, compared to its average volume of 3,171,823. The company's fifty day moving average price is $192.34 and its 200-day moving average price is $207.55. The firm has a market capitalization of $90.04 billion, a PE ratio of 30.13, a P/E/G ratio of 1.52 and a beta of 0.97. Fiserv, Inc. has a fifty-two week low of $146.25 and a fifty-two week high of $238.59. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06.

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 (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.06. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The firm's revenue was up 5.1% on a year-over-year basis. During the same period last year, the company earned $1.88 EPS. As a group, equities analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its board has initiated a share repurchase program on Thursday, February 20th that allows the company to buyback 60,000,000 shares. This buyback authorization allows the business services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FI. JPMorgan Chase & Co. reduced their target price on shares of Fiserv from $211.00 to $210.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. UBS Group cut their price target on shares of Fiserv from $255.00 to $225.00 and set a "buy" rating for the company in a report on Wednesday. Keefe, Bruyette & Woods reduced their price target on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 21st. Susquehanna dropped their price objective on shares of Fiserv from $250.00 to $240.00 and set a "positive" rating for the company in a report on Friday, April 25th. Finally, Redburn Atlantic reiterated a "sell" rating and issued a $150.00 target price on shares of Fiserv in a research note on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $221.84.

Insider Activity

In related news, 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 value of $403,628.16. Following the completion of the sale, the insider now owns 53,385 shares in the company, valued at $8,577,901.80. This represents a 4.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the transaction, the executive vice president now owns 25,385 shares in the company, valued at approximately $4,061,600. This represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by company insiders.

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.