Pacific Point Advisors LLC Makes New $1.32 Million Investment in Fiserv, Inc. (NYSE:FI)

Pacific Point Advisors LLC purchased a new position in shares of Fiserv, Inc. (NYSE:FI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,182 shares of the business services provider's stock, valued at approximately $1,324,000. Fiserv accounts for about 0.8% of Pacific Point Advisors LLC's portfolio, making the stock its 29th biggest holding.

Several other large investors have also added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in Fiserv in the fourth quarter valued at $257,000. Principal Financial Group Inc. lifted its holdings in shares of Fiserv by 0.8% in the 4th quarter. Principal Financial Group Inc. now owns 929,193 shares of the business services provider's stock valued at $190,875,000 after buying an additional 7,183 shares during the period. USAdvisors Wealth Management LLC purchased a new stake in shares of Fiserv in the fourth quarter worth about $322,000. Centricity Wealth Management LLC acquired a new stake in Fiserv during the fourth quarter worth about $79,000. Finally, E. Ohman J or Asset Management AB grew its holdings in Fiserv by 9.0% during the fourth quarter. E. Ohman J or Asset Management AB now owns 26,100 shares of the business services provider's stock worth $5,361,000 after acquiring an additional 2,150 shares during the period. Hedge funds and other institutional investors own 90.98% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. BMO Capital Markets decreased their price target on Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Wells Fargo & Company increased their price target on shares of Fiserv from $240.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Redburn Atlantic reaffirmed a "sell" rating and issued a $150.00 price objective on shares of Fiserv in a report on Thursday, April 17th. Morgan Stanley reissued an "overweight" rating and set a $268.00 target price (up from $267.00) on shares of Fiserv in a research note on Friday, April 25th. Finally, KeyCorp lifted their price target on Fiserv from $250.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $221.60.

Fiserv Trading Down 1.3%

Shares of FI stock traded down $2.09 during trading hours on Wednesday, hitting $158.06. The company had a trading volume of 2,638,708 shares, compared to its average volume of 3,095,530. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The stock has a market capitalization of $87.63 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. The company's fifty day moving average is $194.74 and its 200 day moving average is $208.26. 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 earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.08 by $0.06. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same quarter in the previous year, the company earned $1.88 earnings per share. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. Research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

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

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.