Vise Technologies Inc. Grows Stake in Fiserv, Inc. (NYSE:FI)

Vise Technologies Inc. boosted its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 40.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,578 shares of the business services provider's stock after buying an additional 2,488 shares during the period. Vise Technologies Inc.'s holdings in Fiserv were worth $1,762,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in Fiserv by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 11,891,207 shares of the business services provider's stock worth $2,435,280,000 after purchasing an additional 218,833 shares during the last quarter. FMR LLC lifted its stake in shares of Fiserv by 22.5% in the 4th quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock valued at $2,376,482,000 after acquiring an additional 2,126,419 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Fiserv by 16.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,030,889 shares of the business services provider's stock valued at $1,649,705,000 after acquiring an additional 1,121,597 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in shares of Fiserv by 5.2% in the 4th quarter. Nuveen Asset Management LLC now owns 6,936,554 shares of the business services provider's stock valued at $1,424,907,000 after acquiring an additional 340,938 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Fiserv in the 4th quarter valued at about $1,406,452,000. Institutional investors own 90.98% of the company's stock.

Analyst Ratings Changes

FI has been the subject of a number of recent research reports. Stephens boosted their target price on Fiserv from $255.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Citigroup reduced their price target on Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Redburn Atlantic restated a "sell" rating and set a $150.00 price target on shares of Fiserv in a report on Thursday, April 17th. Keefe, Bruyette & Woods reduced their price target on Fiserv from $240.00 to $200.00 and set an "outperform" rating on the stock in a report on Wednesday, May 21st. Finally, Wells Fargo & Company boosted their price target on Fiserv from $240.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $222.80.

Fiserv Trading Up 0.4%

Shares of NYSE:FI traded up $0.60 during trading on Tuesday, reaching $159.94. The company's stock had a trading volume of 8,260,697 shares, compared to its average volume of 3,096,581. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a 12 month low of $146.25 and a 12 month high of $238.59. The firm's 50 day simple moving average is $195.97 and its two-hundred day simple moving average is $208.60. The stock has a market capitalization of $88.68 billion, a PE ratio of 29.67, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.06. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter last year, the firm earned $1.88 earnings per share. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. On average, research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its Board of Directors has initiated a stock buyback plan on Thursday, February 20th that allows the company to buyback 60,000,000 outstanding shares. This buyback authorization allows the business services provider to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is 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.