Voloridge Investment Management LLC Has $64.15 Million Stock Position in Fiserv, Inc. (NYSE:FI)

Voloridge Investment Management LLC lifted its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 242.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 312,282 shares of the business services provider's stock after purchasing an additional 221,177 shares during the period. Voloridge Investment Management LLC owned 0.05% of Fiserv worth $64,149,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Valley National Advisers Inc. acquired a new position in Fiserv during the fourth quarter worth approximately $29,000. Marshall Investment Management LLC bought a new position in shares of Fiserv during the 4th quarter worth approximately $29,000. Compass Financial Services Inc acquired a new position in shares of Fiserv during the 4th quarter worth approximately $31,000. Campbell Capital Management Inc. bought a new stake in Fiserv in the 4th quarter valued at $37,000. Finally, Quarry LP lifted its holdings in Fiserv by 51.9% during the 4th 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 last quarter. 90.98% of the stock is owned by institutional investors.

Fiserv Price Performance

FI traded down $2.32 on Monday, hitting $159.02. 8,355,681 shares of the stock were exchanged, compared to its average volume of 3,075,772. 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, Inc. has a 12 month low of $146.25 and a 12 month high of $238.59. The firm has a market capitalization of $88.17 billion, a price-to-earnings ratio of 29.50, a PEG ratio of 1.52 and a beta of 0.97. The business has a 50-day moving average of $197.21 and a two-hundred day moving average of $208.96.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.06. The company had revenue of $4.79 billion during 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 firm's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.88 EPS. Sell-side analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its Board of Directors has authorized a share buyback plan on Thursday, February 20th that allows the company to repurchase 60,000,000 outstanding shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts have commented on FI shares. Monness Crespi & Hardt downgraded shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price objective on the stock. in a report on Wednesday, April 9th. Wall Street Zen assumed coverage on shares of Fiserv in a research note on Sunday, March 23rd. They issued a "buy" rating on the stock. UBS Group lowered their price target on shares of Fiserv from $265.00 to $255.00 and set a "buy" rating on the stock in a report on Friday, April 25th. The Goldman Sachs Group cut their price objective on shares of Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a research report on Monday, May 19th. Finally, Piper Sandler set a $218.00 target price on Fiserv in a research report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock 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.