Y Intercept Hong Kong Ltd Takes $3.59 Million Position in Fiserv, Inc. (NYSE:FI)

Y Intercept Hong Kong Ltd purchased a new stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,271 shares of the business services provider's stock, valued at approximately $3,593,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Vega Investment Solutions acquired a new position in Fiserv in the fourth quarter valued at about $25,000. Park Square Financial Group LLC bought a new stake in shares of Fiserv in the fourth quarter worth about $28,000. Abound Financial LLC bought a new stake in shares of Fiserv in the first quarter worth about $38,000. Quarry LP increased its holdings in shares of Fiserv by 51.9% in the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock worth $42,000 after acquiring an additional 70 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Fiserv in the fourth quarter worth about $54,000. Institutional investors and hedge funds own 90.98% of the company's stock.

Insider Activity at Fiserv

In related news, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the completion of the sale, the insider directly owned 53,385 shares of the company's stock, valued at approximately $8,577,901.80. This trade represents a 4.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of Fiserv stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the sale, the executive vice president directly owned 25,385 shares of the company's stock, valued at approximately $4,061,600. The trade was a 18.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.74% of the company's stock.

Fiserv Stock Performance

Shares of FI traded down $2.81 during mid-day trading on Thursday, reaching $140.19. The company's stock had a trading volume of 10,661,471 shares, compared to its average volume of 4,361,840. Fiserv, Inc. has a 1-year low of $128.22 and a 1-year high of $238.59. The stock has a market cap of $77.73 billion, a P/E ratio of 24.77, a PEG ratio of 1.02 and a beta of 0.91. The business has a 50-day simple moving average of $165.90 and a two-hundred day simple moving average of $195.82. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.02.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.04. The business had revenue of $5.20 billion during the quarter, compared to analysts' expectations of $5.20 billion. Fiserv had a return on equity of 18.74% and a net margin of 15.68%. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $2.13 EPS. As a group, equities research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on FI. UBS Group lowered their price target on Fiserv from $255.00 to $225.00 and set a "buy" rating for the company in a report on Wednesday, May 28th. Deutsche Bank Aktiengesellschaft began coverage on Fiserv in a report on Thursday, July 17th. They issued a "buy" rating and a $200.00 price target for the company. Tigress Financial increased their price target on Fiserv from $244.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Susquehanna decreased their price objective on Fiserv from $240.00 to $220.00 and set a "positive" rating for the company in a report on Thursday. Finally, KeyCorp decreased their price objective on Fiserv from $250.00 to $200.00 and set an "overweight" rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $211.63.

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.