Tidal Investments LLC Acquires 37,301 Shares of Fiserv, Inc. (NYSE:FI)

Tidal Investments LLC grew its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 109.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 71,333 shares of the business services provider's stock after acquiring an additional 37,301 shares during the period. Tidal Investments LLC's holdings in Fiserv were worth $14,653,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FI. Trust Co. of Vermont raised its position in shares of Fiserv by 170.4% during the 4th quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider's stock valued at $1,405,000 after purchasing an additional 4,310 shares during the period. Root Financial Partners LLC purchased a new position in Fiserv during the fourth quarter valued at $257,000. Merit Financial Group LLC grew its stake in Fiserv by 146.9% during the fourth quarter. Merit Financial Group LLC now owns 19,803 shares of the business services provider's stock valued at $4,068,000 after acquiring an additional 11,783 shares in the last quarter. Principal Financial Group Inc. grew its stake in Fiserv by 0.8% during the fourth quarter. Principal Financial Group Inc. now owns 929,193 shares of the business services provider's stock valued at $190,875,000 after acquiring an additional 7,183 shares in the last quarter. Finally, USAdvisors Wealth Management LLC purchased a new position in Fiserv during the fourth quarter valued at $322,000. 90.98% of the stock is currently owned by institutional investors.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the completion of the sale, the chief operating officer now owns 227,711 shares in the company, valued at $53,637,326.05. This trade represents a 16.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.74% of the stock is currently owned by company insiders.

Fiserv Price Performance

FI stock opened at $166.63 on Monday. Fiserv, Inc. has a 12 month low of $146.25 and a 12 month high of $238.59. The company has a 50-day moving average price of $202.24 and a 200 day moving average price of $210.41. The stock has a market cap of $92.38 billion, a PE ratio of 30.91, a P/E/G ratio of 1.52 and a beta of 0.97. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86.

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 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 company had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same quarter last year, the business posted $1.88 EPS. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. Equities research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its board has approved a stock repurchase plan on Thursday, February 20th that allows the company to repurchase 60,000,000 shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FI shares. Susquehanna cut their target price on shares of Fiserv from $250.00 to $240.00 and set a "positive" rating for the company in a research note on Friday, April 25th. Wells Fargo & Company lifted their price objective on shares of Fiserv from $240.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Monness Crespi & Hardt cut shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price objective for the company. in a research note on Wednesday, April 9th. Barclays dropped their price objective on shares of Fiserv from $265.00 to $230.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Finally, KeyCorp lifted their price objective on shares of Fiserv from $250.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $230.00.

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.

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