Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Fiserv, Inc. (NYSE:FI)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Fiserv, Inc. (NYSE:FI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 434,803 shares of the business services provider's stock, valued at approximately $89,317,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of Fiserv at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in FI. Vega Investment Solutions bought a new position in Fiserv in the fourth quarter valued at $25,000. Valley National Advisers Inc. purchased a new position in shares of Fiserv in the 4th quarter worth about $29,000. Marshall Investment Management LLC purchased a new position in shares of Fiserv in the 4th quarter worth about $29,000. Compass Financial Services Inc bought a new position in shares of Fiserv during the 4th quarter valued at about $31,000. Finally, Campbell Capital Management Inc. purchased a new position in shares of Fiserv during the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Insider Buying and Selling

In other news, insider Adam L. Rosman sold 2,512 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total transaction of $403,628.16. Following the sale, the insider now owns 53,385 shares in the company, valued at approximately $8,577,901.80. The trade was a 4.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the stock in a transaction dated 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 now owns 25,385 shares of the company's stock, valued at approximately $4,061,600. The trade was a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.74% of the stock is owned by insiders.

Analyst Ratings Changes

FI has been the subject of several research reports. Mizuho set a $200.00 target price on Fiserv in a research note on Thursday, May 15th. Tigress Financial upped their price objective on shares of Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a research note on Thursday. Royal Bank of Canada set a $237.00 target price on shares of Fiserv in a report on Friday, April 25th. Monness Crespi & Hardt downgraded shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price target for the company. in a research note on Wednesday, April 9th. Finally, Jefferies Financial Group reduced their price objective on Fiserv from $180.00 to $165.00 and set a "hold" rating on the stock in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $221.84.

Fiserv Trading Up 1.7%

FI stock traded up $2.78 on Friday, reaching $162.40. The company's stock had a trading volume of 11,957,533 shares, compared to its average volume of 3,177,096. The firm has a market cap of $90.04 billion, a PE ratio of 30.13, a PEG ratio of 1.52 and a beta of 0.97. The business has a fifty day simple moving average of $191.13 and a two-hundred day simple moving average of $207.19. Fiserv, Inc. has a 12-month low of $146.25 and a 12-month high of $238.59. 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 posted its earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping the consensus estimate of $2.08 by $0.06. The firm had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $4.86 billion. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The company's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company posted $1.88 EPS. As a group, research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its Board of Directors has authorized a share buyback program on Thursday, February 20th that allows the company to repurchase 60,000,000 outstanding shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its shares are undervalued.

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.