Massachusetts Financial Services Co. MA Purchases 253,544 Shares of Fiserv, Inc. (NYSE:FI)

Massachusetts Financial Services Co. MA lifted its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 3.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,284,433 shares of the business services provider's stock after purchasing an additional 253,544 shares during the period. Massachusetts Financial Services Co. MA owned about 1.48% of Fiserv worth $1,829,451,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of FI. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of Fiserv during the first quarter valued at approximately $347,000. SBI Securities Co. Ltd. raised its holdings in shares of Fiserv by 6.4% during the first quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider's stock valued at $206,000 after buying an additional 56 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in shares of Fiserv by 272.3% during the first quarter. Apollon Wealth Management LLC now owns 72,885 shares of the business services provider's stock valued at $16,095,000 after buying an additional 53,310 shares during the last quarter. Sigma Planning Corp raised its holdings in shares of Fiserv by 94.6% during the first quarter. Sigma Planning Corp now owns 8,821 shares of the business services provider's stock valued at $1,948,000 after buying an additional 4,288 shares during the last quarter. Finally, Catalyst Financial Partners LLC raised its holdings in shares of Fiserv by 4.5% during the first quarter. Catalyst Financial Partners LLC now owns 3,027 shares of the business services provider's stock valued at $668,000 after buying an additional 129 shares during the last quarter. Institutional investors own 90.98% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on FI shares. Susquehanna cut their price target on Fiserv from $250.00 to $240.00 and set a "positive" rating on the stock in a report on Friday, April 25th. UBS Group lowered their price objective on shares of Fiserv from $255.00 to $225.00 and set a "buy" rating on the stock in a research note on Wednesday, May 28th. Jefferies Financial Group lowered their price objective on shares of Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a research note on Tuesday, May 27th. Morgan Stanley reiterated an "overweight" rating and set a $268.00 price objective (up previously from $267.00) on shares of Fiserv in a research note on Friday, April 25th. Finally, Citigroup lowered their price objective on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $220.59.

Insider Buying and Selling at Fiserv

In related news, EVP Andrew Gelb sold 5,652 shares of Fiserv 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 transaction, the executive vice president owned 25,385 shares in the company, valued at $4,061,600. This trade represents a 18.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction on Tuesday, May 27th. The stock was 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 in the company, valued at $8,577,901.80. This trade represents a 4.49% decrease in their position. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by insiders.

Fiserv Stock Up 0.8%

Shares of FI stock traded up $1.38 on Thursday, hitting $167.09. The company's stock had a trading volume of 1,575,668 shares, compared to its average volume of 3,407,544. 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, Inc. has a fifty-two week low of $154.17 and a fifty-two week high of $238.59. The firm's fifty day moving average price is $168.40 and its 200-day moving average price is $197.37. The stock has a market capitalization of $92.64 billion, a price-to-earnings ratio of 29.54, a P/E/G ratio of 1.00 and a beta of 0.91.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.06. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same quarter in the previous year, the business earned $1.88 EPS. Fiserv's quarterly revenue was up 5.1% compared to the same quarter last year. Research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

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.