IFM Investors Pty Ltd Acquires 9,904 Shares of Fiserv, Inc. (NYSE:FI)

IFM Investors Pty Ltd increased its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 8.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,037 shares of the business services provider's stock after acquiring an additional 9,904 shares during the quarter. IFM Investors Pty Ltd's holdings in Fiserv were worth $26,949,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Fiserv during the fourth quarter valued at $1,406,452,000. GAMMA Investing LLC lifted its stake in Fiserv by 21,681.0% in the 1st quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider's stock worth $843,991,000 after acquiring an additional 3,804,358 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Fiserv during the 4th quarter worth about $614,982,000. Kovitz Investment Group Partners LLC boosted its position in Fiserv by 343.7% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,806,579 shares of the business services provider's stock worth $576,527,000 after acquiring an additional 2,174,025 shares during the period. Finally, Alliancebernstein L.P. grew its stake in Fiserv by 65.6% during the 4th quarter. Alliancebernstein L.P. now owns 5,437,246 shares of the business services provider's stock valued at $1,116,919,000 after acquiring an additional 2,153,554 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Stock Performance

Shares of NYSE FI traded up $3.10 during trading hours on Friday, hitting $175.55. 2,211,394 shares of the company's stock were exchanged, compared to its average volume of 3,352,892. The company's 50-day moving average price is $170.87 and its 200-day moving average price is $199.68. Fiserv, Inc. has a 1-year low of $146.46 and a 1-year high of $238.59. The stock has a market capitalization of $97.33 billion, a price-to-earnings ratio of 31.02, a PEG ratio of 1.08 and a beta of 0.91. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.10 and a quick ratio of 1.10.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly 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. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. The company had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same period in the previous year, the company earned $1.88 earnings per share. The company's quarterly revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on FI shares. Tigress Financial increased their price target on shares of Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Keefe, Bruyette & Woods decreased their target price on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. Monness Crespi & Hardt cut shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price target on the stock. in a report on Wednesday, April 9th. Barclays cut their price objective on Fiserv from $265.00 to $230.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Finally, Redburn Atlantic restated a "sell" rating and issued a $150.00 target price on shares of Fiserv in a research note on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $221.23.

Insider Buying and Selling at Fiserv

In other news, 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 transaction, the insider owned 53,385 shares of the company's stock, valued at approximately $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total value of $904,320.00. Following the transaction, the executive vice president owned 25,385 shares in the company, valued at $4,061,600. This represents a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.74% of the company's stock.

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.