JSF Financial LLC Invests $967,000 in Fiserv, Inc. (NYSE:FI)

Key Points

• JSF Financial LLC acquired a new stake in Fiserv, Inc. during the 1st quarter, purchasing 4,378 shares valued at approximately $967,000.
• Institutional investors own 90.98% of Fiserv's stock, with notable increases in stakes from firms such as Geode Capital Management and FMR LLC.
• Fiserv's stock has shown a range between a 52-week low of $128.22 and a high of $238.59, with a recent price target consensus of $208.42.

JSF Financial LLC acquired a new stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,378 shares of the business services provider's stock, valued at approximately $967,000.

Several other institutional investors also recently modified their holdings of FI. GAMMA Investing LLC boosted its holdings in Fiserv by 21,681.0% during the 1st quarter. GAMMA Investing LLC now owns 3,821,905 shares of the business services provider's stock valued at $843,991,000 after acquiring an additional 3,804,358 shares during the period. Kovitz Investment Group Partners LLC raised 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 valued at $576,527,000 after purchasing an additional 2,174,025 shares in the last quarter. Alliancebernstein L.P. raised its position 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 purchasing an additional 2,153,554 shares in the last quarter. FMR LLC raised its position in Fiserv by 22.5% during the 4th quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock valued at $2,376,482,000 after purchasing an additional 2,126,419 shares in the last quarter. Finally, Winslow Capital Management LLC bought a new stake in Fiserv during the 4th quarter valued at $363,031,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FI. Susquehanna reduced their target price on Fiserv from $240.00 to $220.00 and set a "positive" rating on the stock in a research report on Thursday, July 24th. Barclays set a $175.00 price target on Fiserv and gave the company an "overweight" rating in a research note on Monday. The Goldman Sachs Group lowered 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. Monness Crespi & Hardt upgraded Fiserv from a "sell" rating to a "neutral" rating in a research note on Monday, July 21st. Finally, Keefe, Bruyette & Woods lowered their target price on Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $207.08.

Fiserv Trading Down 2.1%

Shares of FI traded down $2.88 during midday trading on Friday, hitting $136.06. 3,384,115 shares of the stock were exchanged, compared to its average volume of 4,454,267. Fiserv, Inc. has a 52-week low of $128.22 and a 52-week high of $238.59. The stock has a fifty day simple moving average of $163.09 and a 200 day simple moving average of $193.22. The firm has a market cap of $73.96 billion, a P/E ratio of 22.68, a P/E/G ratio of 0.92 and a beta of 0.91. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.09 and a current ratio of 1.09.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, topping the consensus estimate of $2.43 by $0.04. The business had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.20 billion. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. The company's quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the business posted $2.13 earnings per share. On average, research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the completion of the transaction, the executive vice president directly owned 25,385 shares in the company, valued at approximately $4,061,600. This trade represents a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total value of $403,628.16. Following the sale, the insider directly owned 53,385 shares of the company's stock, valued at $8,577,901.80. This trade represents a 4.49% 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.

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.