Fiserv, Inc. (NYSE:FI) Shares Purchased by NorthRock Partners LLC

NorthRock Partners LLC grew its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 69.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,287 shares of the business services provider's stock after purchasing an additional 2,584 shares during the period. NorthRock Partners LLC's holdings in Fiserv were worth $1,291,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Marshall Investment Management LLC purchased a new stake in Fiserv during the 4th quarter valued at $29,000. Valley National Advisers Inc. bought a new position in shares of Fiserv during the 4th quarter valued at approximately $29,000. Compass Financial Services Inc bought a new stake in Fiserv in the fourth quarter worth about $31,000. Campbell Capital Management Inc. purchased a new position in shares of Fiserv during the fourth quarter worth approximately $37,000. Finally, Quarry LP boosted its holdings in 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. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on FI shares. Wells Fargo & Company boosted their price objective on Fiserv from $240.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Monness Crespi & Hardt downgraded shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price target for the company. in a report on Wednesday, April 9th. Citigroup lowered their price objective on Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Stephens upped their price target on Fiserv from $255.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, Piper Sandler set a $218.00 price target on Fiserv in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $225.80.

Fiserv Trading Down 1.5%

Shares of FI traded down $2.61 during trading hours on Tuesday, reaching $166.53. 1,624,123 shares of the company traded hands, compared to its average volume of 2,992,840. The company has a market capitalization of $92.33 billion, a price-to-earnings ratio of 30.91, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a 12 month low of $146.25 and a 12 month high of $238.59. The company's fifty day moving average price is $201.41 and its two-hundred day moving average price is $210.18.

Fiserv (NYSE:FI - Get Free Report) last released its earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm earned $1.88 earnings per share. The company's quarterly revenue was up 5.1% compared to the same quarter last year. Equities research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its board has approved a stock repurchase plan on Thursday, February 20th that allows the company to repurchase 60,000,000 shares. This repurchase authorization allows the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the business's stock in a transaction dated 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 transaction, the chief operating officer now owns 227,711 shares of the company's stock, valued at approximately $53,637,326.05. The trade was a 16.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.74% of the company's stock.

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.