47,494 Shares in Fiserv, Inc. (NYSE:FI) Purchased by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC purchased a new position in shares of Fiserv, Inc. (NYSE:FI - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 47,494 shares of the business services provider's stock, valued at approximately $9,756,000.

Other large investors have also recently added to or reduced their stakes in the company. Marshall Investment Management LLC acquired a new stake in Fiserv in the 4th quarter valued at approximately $29,000. Valley National Advisers Inc. acquired a new stake in Fiserv during the 4th quarter worth about $29,000. Compass Financial Services Inc acquired a new stake in shares of Fiserv in the fourth quarter worth $31,000. Campbell Capital Management Inc. purchased a new position in shares of Fiserv during the fourth quarter valued at $37,000. Finally, Quarry LP grew its holdings in shares of Fiserv by 51.9% during the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after buying an additional 70 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on FI shares. Barclays reduced their price objective on Fiserv from $265.00 to $230.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Stephens boosted their price objective on Fiserv from $255.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. KeyCorp boosted 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. JPMorgan Chase & Co. lowered their price target on Fiserv from $211.00 to $210.00 and set an "overweight" rating on the stock in a research note on Monday. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $268.00 price objective (up from $267.00) on shares of Fiserv in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $225.80.

Fiserv Trading Down 1.9%

Shares of FI stock traded down $3.13 during trading hours on Tuesday, reaching $166.01. The company had a trading volume of 5,133,658 shares, compared to its average volume of 3,011,204. The company has a 50 day moving average of $200.54 and a 200 day moving average of $209.88. 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 firm has a market cap of $92.04 billion, a price-to-earnings ratio of 30.80, a P/E/G ratio of 1.52 and a beta of 0.97. Fiserv, Inc. has a 1-year low of $146.25 and a 1-year high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, beating analysts' consensus estimates of $2.08 by $0.06. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The business had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $4.86 billion. During the same quarter in the prior year, the company earned $1.88 EPS. The firm's quarterly revenue was up 5.1% on a year-over-year basis. On average, equities research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

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

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the completion of the transaction, the chief operating officer now owns 227,711 shares in the company, valued at approximately $53,637,326.05. This represents a 16.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.74% of the company's stock.

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.