Victory Capital Management Inc. Purchases 54,039 Shares of Fiserv, Inc. (NYSE:FI)

Victory Capital Management Inc. boosted its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 13.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 444,483 shares of the business services provider's stock after buying an additional 54,039 shares during the period. Victory Capital Management Inc. owned 0.08% of Fiserv worth $98,155,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC raised its stake in Fiserv by 91.9% in the 4th quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider's stock worth $872,000 after acquiring an additional 2,033 shares during the last quarter. Proficio Capital Partners LLC grew its position in Fiserv by 48.9% during the 4th quarter. Proficio Capital Partners LLC now owns 2,361 shares of the business services provider's stock worth $485,000 after purchasing an additional 775 shares during the period. Thrivent Financial for Lutherans grew its position in Fiserv by 22.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 233,329 shares of the business services provider's stock worth $48,201,000 after purchasing an additional 42,706 shares during the period. Horizon Investments LLC grew its position in Fiserv by 1.0% during the 4th quarter. Horizon Investments LLC now owns 7,906 shares of the business services provider's stock worth $1,624,000 after purchasing an additional 77 shares during the period. Finally, Teacher Retirement System of Texas grew its position in Fiserv by 17.8% during the 4th quarter. Teacher Retirement System of Texas now owns 182,010 shares of the business services provider's stock worth $37,388,000 after purchasing an additional 27,478 shares during the period. Hedge funds and other institutional investors own 90.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FI. Citigroup dropped their target price on Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Tigress Financial raised their target price on Fiserv from $244.00 to $250.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. JPMorgan Chase & Co. dropped their target price on Fiserv from $211.00 to $210.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. BMO Capital Markets dropped 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. Finally, UBS Group dropped their target price on Fiserv from $255.00 to $225.00 and set a "buy" rating on the stock in a research report on Wednesday, May 28th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $220.59.

Fiserv Stock Down 0.9%

Shares of NYSE FI traded down $1.57 during midday trading on Friday, reaching $165.78. 3,993,573 shares of the company's stock were exchanged, compared to its average volume of 3,427,927. Fiserv, Inc. has a 52-week low of $154.17 and a 52-week high of $238.59. The stock has a market capitalization of $91.91 billion, a PE ratio of 29.29, a price-to-earnings-growth ratio of 1.02 and a beta of 0.91. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.10 and a current ratio of 1.10. The business's fifty day moving average price is $167.76 and its two-hundred day moving average price is $196.83.

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, beating the consensus estimate of $2.08 by $0.06. The company had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. The business's revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.88 earnings per share. Analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Insider Buying and Selling at Fiserv

In other Fiserv news, insider Adam L. Rosman sold 2,512 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total transaction of $403,628.16. Following the completion of the sale, the insider directly owned 53,385 shares in the company, valued at $8,577,901.80. This represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $160.00, for a total transaction 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. This trade represents 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 currently owned by corporate insiders.

About Fiserv

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.