Wexford Capital LP Has $2.22 Million Holdings in Fiserv, Inc. (NYSE:FI)

Wexford Capital LP raised its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 28.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,794 shares of the business services provider's stock after purchasing an additional 2,375 shares during the period. Wexford Capital LP's holdings in Fiserv were worth $2,217,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FI. Geode Capital Management LLC increased its position in Fiserv by 1.9% during the 4th 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 in 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 boosted its holdings in shares of Fiserv by 16.2% during 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 in the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Fiserv by 5.2% during the fourth 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 purchasing an additional 340,938 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Fiserv during the fourth quarter valued at about $1,406,452,000. 90.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Mizuho set a $200.00 target price on shares of Fiserv in a research report on Thursday, May 15th. Stephens lifted their price target on shares of Fiserv from $255.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. BMO Capital Markets decreased their price objective on Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Susquehanna cut their target price on Fiserv from $250.00 to $240.00 and set a "positive" rating on the stock in a report on Friday, April 25th. Finally, Piper Sandler set a $218.00 price target on Fiserv in a research report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $224.20.

Fiserv Stock Down 0.5%

NYSE:FI traded down $0.84 during trading hours on Thursday, reaching $161.38. The company had a trading volume of 5,427,414 shares, compared to its average volume of 3,042,817. Fiserv, Inc. has a twelve month low of $146.25 and a twelve month high of $238.59. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The firm has a market cap of $89.48 billion, a price-to-earnings ratio of 29.94, a P/E/G ratio of 1.52 and a beta of 0.97. The business's 50-day simple moving average is $199.50 and its two-hundred day simple moving average is $209.55.

Fiserv (NYSE:FI - Get Free Report) last issued 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 the consensus estimate of $4.86 billion. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the business posted $1.88 EPS. On average, equities analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its Board of Directors has approved a share buyback plan on Thursday, February 20th that allows the company to buyback 60,000,000 shares. This buyback authorization allows the business services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

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.