Vise Technologies Inc. Acquires 2,488 Shares of Fiserv, Inc. (NYSE:FI)

Vise Technologies Inc. boosted its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 40.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,578 shares of the business services provider's stock after acquiring an additional 2,488 shares during the quarter. Vise Technologies Inc.'s holdings in Fiserv were worth $1,762,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Connecticut Wealth Management LLC lifted its position in shares of Fiserv by 7.7% during the 4th quarter. Connecticut Wealth Management LLC now owns 2,569 shares of the business services provider's stock valued at $528,000 after acquiring an additional 184 shares during the period. Mosaic Family Wealth Partners LLC acquired a new position in Fiserv during the fourth quarter worth $200,000. Pinkerton Retirement Specialists LLC acquired a new position in Fiserv during the fourth quarter worth $244,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Fiserv by 3.2% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 407,445 shares of the business services provider's stock worth $83,697,000 after buying an additional 12,615 shares during the last quarter. Finally, Continuum Advisory LLC raised its holdings in Fiserv by 10.5% during the fourth quarter. Continuum Advisory LLC now owns 1,282 shares of the business services provider's stock worth $263,000 after buying an additional 122 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FI. Susquehanna lowered their price objective on shares of Fiserv from $250.00 to $240.00 and set a "positive" rating on the stock in a report on Friday, April 25th. Royal Bank of Canada set a $237.00 price objective on shares of Fiserv in a report on Friday, April 25th. The Goldman Sachs Group lowered their price objective on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a report on Monday, May 19th. Stephens upped their target price on shares of Fiserv from $255.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Finally, Redburn Atlantic restated a "sell" rating and set a $150.00 price target on shares of Fiserv in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $221.84.

Fiserv Price Performance

Shares of Fiserv stock traded down $1.47 on Thursday, reaching $159.27. The stock had a trading volume of 2,148,064 shares, compared to its average volume of 3,109,267. Fiserv, Inc. has a 1 year low of $146.25 and a 1 year high of $238.59. The company has a market cap of $88.31 billion, a P/E ratio of 29.53, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The business's 50 day moving average is $193.59 and its two-hundred day moving average is $207.93.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.08 by $0.06. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same period in the prior year, the firm posted $1.88 earnings per share. The company's revenue for the quarter was up 5.1% on a year-over-year basis. As a group, research analysts anticipate 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 shares. This repurchase authorization allows the business services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

Insider Activity at Fiserv

In other news, insider Adam L. Rosman sold 2,512 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total value of $403,628.16. Following the completion of the sale, the insider now directly 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 legal filing with the SEC, which can be accessed through this hyperlink. 0.74% of the stock is currently owned by insiders.

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.