Hudson Bay Capital Management LP Has $15.17 Million Stake in Fiserv, Inc. (NYSE:FI)

Hudson Bay Capital Management LP lifted its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 31.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 73,868 shares of the business services provider's stock after acquiring an additional 17,460 shares during the period. Hudson Bay Capital Management LP's holdings in Fiserv were worth $15,174,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Geode Capital Management LLC grew its holdings in shares of Fiserv by 1.9% in 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 during the last quarter. FMR LLC grew its stake in Fiserv by 22.5% during the fourth quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock worth $2,376,482,000 after buying an additional 2,126,419 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Fiserv by 16.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,030,889 shares of the business services provider's stock worth $1,649,705,000 after buying an additional 1,121,597 shares in the last quarter. Norges Bank bought a new position in shares of Fiserv in the fourth quarter valued at approximately $1,406,452,000. Finally, Northern Trust Corp boosted its holdings in shares of Fiserv by 19.5% in the 4th quarter. Northern Trust Corp now owns 6,206,720 shares of the business services provider's stock worth $1,274,984,000 after acquiring an additional 1,014,126 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Up 1.5 %

Shares of FI stock opened at $184.09 on Friday. The firm's fifty day moving average price is $206.23 and its two-hundred day moving average price is $211.10. Fiserv, Inc. has a 1 year low of $146.25 and a 1 year high of $238.59. 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 firm has a market capitalization of $102.07 billion, a P/E ratio of 34.15, a PEG ratio of 1.52 and a beta of 0.97.

Fiserv (NYSE:FI - Get Free Report) last released its earnings results 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. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. Fiserv's revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.88 earnings per share. On average, equities analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its Board of Directors has approved a share buyback plan on Thursday, February 20th that authorizes the company to repurchase 60,000,000 outstanding shares. This repurchase authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FI. Piper Sandler set a $218.00 price objective on Fiserv in a research report on Friday, April 25th. Citigroup reduced their price target on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Redburn Atlantic restated a "sell" rating and issued a $150.00 price objective on shares of Fiserv in a research report on Thursday, April 17th. 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 report on Thursday, February 6th. Finally, The Goldman Sachs Group raised shares of Fiserv from a "neutral" rating to a "buy" rating and raised their price target for the company from $246.00 to $260.00 in a report on Wednesday, April 2nd. 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $230.00.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the completion of the transaction, the chief operating officer now directly owns 227,711 shares of the company's stock, valued at $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.74% of the stock is currently owned by company insiders.

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.

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