Sigma Planning Corp Acquires 4,288 Shares of Fiserv, Inc. (NYSE:FI)

Sigma Planning Corp lifted its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 94.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,821 shares of the business services provider's stock after purchasing an additional 4,288 shares during the quarter. Sigma Planning Corp's holdings in Fiserv were worth $1,948,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of Fiserv by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 11,891,207 shares of the business services provider's stock valued at $2,435,280,000 after buying an additional 218,833 shares in the last quarter. FMR LLC raised its position in Fiserv by 22.5% in the 4th quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock worth $2,376,482,000 after purchasing an additional 2,126,419 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Fiserv by 16.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,030,889 shares of the business services provider's stock worth $1,649,705,000 after buying an additional 1,121,597 shares in the last quarter. Nuveen Asset Management LLC boosted its position in Fiserv by 5.2% in the 4th quarter. Nuveen Asset Management LLC now owns 6,936,554 shares of the business services provider's stock valued at $1,424,907,000 after buying an additional 340,938 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Fiserv during the fourth quarter valued at $1,406,452,000. 90.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Mizuho set a $200.00 target price on shares of Fiserv in a research note on Thursday, May 15th. Monness Crespi & Hardt downgraded Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price target for the company. in a report on Wednesday, April 9th. Morgan Stanley restated an "overweight" rating and set a $268.00 target price (up previously from $267.00) on shares of Fiserv in a research report on Friday, April 25th. Keefe, Bruyette & Woods dropped their price objective on Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a research report on Wednesday, May 21st. Finally, Robert W. Baird cut their price objective on Fiserv from $250.00 to $225.00 and set an "outperform" rating on the stock in a research note on Wednesday, June 18th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Fiserv presently has a consensus rating of "Moderate Buy" and a consensus target price of $221.23.

Fiserv Stock Performance

Shares of NYSE FI traded up $1.23 during trading on Wednesday, reaching $165.65. 3,564,629 shares of the stock traded hands, compared to its average volume of 3,409,705. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.10 and a quick ratio of 1.10. The stock has a market capitalization of $91.84 billion, a P/E ratio of 29.27, a price-to-earnings-growth ratio of 1.02 and a beta of 0.91. Fiserv, Inc. has a 52-week low of $154.17 and a 52-week high of $238.59. The company has a 50-day moving average of $168.74 and a 200-day moving average of $197.59.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings data 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 18.74% and a net margin of 15.68%. The business had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $4.86 billion. During the same period in the previous year, the business posted $1.88 EPS. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. Analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 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 document filed with the SEC, which is available through this hyperlink. Also, EVP Andrew Gelb sold 5,652 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total transaction of $904,320.00. Following the completion of the transaction, the executive vice president directly owned 25,385 shares of the company's stock, valued at approximately $4,061,600. This represents a 18.21% decrease in their position. The disclosure for this sale can be found here. 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.