US Bancorp DE Purchases 4,792 Shares of Fiserv, Inc. (NYSE:FI)

Key Points

• US Bancorp DE increased its holdings in Fiserv, Inc. by 1.9%, acquiring 4,792 shares to reach a total of 251,730 shares valued at approximately $55.59 million.
• Multiple institutional investors significantly boosted their stakes in Fiserv during the first quarter, with Empirical Financial Services LLC increasing its position by 871%.
• Fiserv's stock recently faced a decline, opening at $135.34, reflecting a 2.6% drop from previous trading prices, while analysts have mixed price targets for the stock, ranging from $150.00 to $240.00.

US Bancorp DE lifted its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 1.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 251,730 shares of the business services provider's stock after acquiring an additional 4,792 shares during the quarter. US Bancorp DE's holdings in Fiserv were worth $55,590,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. boosted its position in shares of Fiserv by 1.2% in 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 purchasing an additional 44 shares during the period. Rappaport Reiches Capital Management LLC boosted its stake in Fiserv by 3.9% during the 1st quarter. Rappaport Reiches Capital Management LLC now owns 1,275 shares of the business services provider's stock worth $282,000 after purchasing an additional 48 shares during the period. Adero Partners LLC grew its position in Fiserv by 2.3% during the 1st quarter. Adero Partners LLC now owns 2,490 shares of the business services provider's stock worth $550,000 after purchasing an additional 55 shares during the last quarter. Oakworth Capital Inc. increased its stake in Fiserv by 5.6% in the first quarter. Oakworth Capital Inc. now owns 1,065 shares of the business services provider's stock valued at $235,000 after purchasing an additional 56 shares during the period. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Fiserv by 6.4% in the first quarter. SBI Securities Co. Ltd. now owns 935 shares of the business services provider's stock valued at $206,000 after buying an additional 56 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Fiserv in a research report on Thursday, July 17th. They set a "buy" rating and a $200.00 price objective for the company. Royal Bank Of Canada set a $237.00 target price on Fiserv in a research note on Friday, April 25th. BMO Capital Markets decreased their target price on Fiserv from $254.00 to $232.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Keefe, Bruyette & Woods lowered their target price on Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. Finally, Citigroup reduced their target price on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Fiserv currently has a consensus rating of "Moderate Buy" and a consensus target price of $207.08.

Fiserv Stock Performance

Fiserv stock traded down $0.06 during trading hours on Wednesday, reaching $134.22. 5,691,118 shares of the company were exchanged, compared to its average volume of 4,488,606. Fiserv, Inc. has a 12 month low of $128.22 and a 12 month high of $238.59. The firm has a market cap of $72.96 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 0.89 and a beta of 0.91. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.09. The stock has a 50-day moving average of $161.64 and a 200 day moving average of $191.66.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 EPS for the quarter, topping the consensus estimate of $2.43 by $0.04. Fiserv had a return on equity of 19.69% and a net margin of 16.00%. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.20 billion. During the same period in the previous year, the business posted $2.13 EPS. The company's revenue for the quarter was up 8.0% on a year-over-year basis. As a group, research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Insider Buying and Selling at Fiserv

In related news, EVP Andrew Gelb sold 5,652 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the sale, the executive vice president owned 25,385 shares of the company's stock, valued at $4,061,600. The trade was a 18.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Adam L. Rosman sold 2,512 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total value of $403,628.16. Following the transaction, the insider owned 53,385 shares of the company's stock, valued at $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.75% 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.