Unigestion Holding SA Makes New Investment in Fiserv, Inc. (NYSE:FI)

Unigestion Holding SA bought a new position in shares of Fiserv, Inc. (NYSE:FI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,201 shares of the business services provider's stock, valued at approximately $1,149,000.

Several other hedge funds have also recently modified their holdings of FI. Jacobi Capital Management LLC raised its holdings in shares of Fiserv by 0.4% in the 4th quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider's stock worth $2,281,000 after purchasing an additional 44 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in shares of Fiserv by 1.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider's stock valued at $794,000 after buying an additional 44 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in Fiserv by 1.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider's stock worth $841,000 after acquiring an additional 45 shares during the last quarter. Catalina Capital Group LLC raised its stake in Fiserv by 2.3% in the 4th quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider's stock valued at $444,000 after acquiring an additional 48 shares during the period. Finally, Hemington Wealth Management boosted its position in Fiserv by 6.1% during the fourth quarter. Hemington Wealth Management now owns 864 shares of the business services provider's stock worth $177,000 after purchasing an additional 50 shares during the period. Institutional investors own 90.98% of the company's stock.

Fiserv Stock Performance

Shares of NYSE FI traded up $2.05 during trading on Friday, hitting $167.43. The company had a trading volume of 2,282,721 shares, compared to its average volume of 3,224,208. The firm has a market capitalization of $92.83 billion, a P/E ratio of 31.06, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. Fiserv, Inc. has a 12 month low of $146.25 and a 12 month high of $238.59. The stock has a 50 day simple moving average of $186.64 and a 200 day simple moving average of $205.85. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.08 by $0.06. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. Fiserv's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.88 EPS. As a group, analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its board has initiated a stock repurchase plan on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FI shares. Keefe, Bruyette & Woods lowered their target price on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. Jefferies Financial Group lowered their price target on Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a research report on Tuesday, May 27th. Barclays decreased their target price on shares of Fiserv from $265.00 to $230.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Piper Sandler set a $218.00 price objective on Fiserv in a research note on Friday, April 25th. Finally, Stephens raised their price target on Fiserv from $255.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Two research 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Fiserv currently has a consensus rating of "Moderate Buy" and a consensus target price of $220.27.

Insider Buying and Selling at Fiserv

In other news, EVP Andrew Gelb sold 5,652 shares of the 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 sale, the executive vice president now owns 25,385 shares of the company's stock, valued at approximately $4,061,600. This represents a 18.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Adam L. Rosman sold 2,512 shares of the business's 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 transaction, the insider now owns 53,385 shares of the company's stock, 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. 0.75% of the stock is currently owned by company insiders.

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.