Vident Advisory LLC Boosts Holdings in Fiserv, Inc. (NYSE:FI)

Vident Advisory LLC boosted its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 552.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,704 shares of the business services provider's stock after buying an additional 116,600 shares during the quarter. Vident Advisory LLC's holdings in Fiserv were worth $28,287,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Valley National Advisers Inc. acquired a new stake in Fiserv in the fourth quarter valued at approximately $29,000. Marshall Investment Management LLC acquired a new stake in shares of Fiserv during the fourth quarter worth $29,000. Compass Financial Services Inc acquired a new position in Fiserv during the fourth quarter valued at $31,000. Campbell Capital Management Inc. acquired a new position in Fiserv during the fourth quarter valued at $37,000. Finally, Quarry LP lifted its position in Fiserv by 51.9% during the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after purchasing an additional 70 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Down 0.5%

Shares of FI traded down $0.84 during midday trading on Thursday, reaching $161.38. The stock had a trading volume of 5,427,414 shares, compared to its average volume of 3,042,817. Fiserv, Inc. has a 1-year low of $146.25 and a 1-year high of $238.59. The company's fifty day simple moving average is $199.50 and its two-hundred day simple moving average is $209.55. The company has a market cap of $89.48 billion, a price-to-earnings ratio of 29.94, a PEG ratio of 1.52 and a beta of 0.97. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07.

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 analysts' consensus estimates of $2.08 by $0.06. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.86 billion. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The company's revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm posted $1.88 EPS. Equities research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv declared that its board has approved a share buyback plan on Thursday, February 20th that authorizes the company to repurchase 60,000,000 outstanding shares. This repurchase authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

FI has been the subject of a number of research reports. BMO Capital Markets decreased their target price on shares of Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Stephens upped their price objective on shares of Fiserv from $255.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Mizuho set a $200.00 price objective on shares of Fiserv in a research report on Thursday, May 15th. Keefe, Bruyette & Woods cut their target price on shares of Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a research note on Wednesday. Finally, Citigroup cut their target price on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two 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 presently has a consensus rating of "Moderate Buy" and a consensus price target of $224.20.

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.