ProShare Advisors LLC Acquires 11,269 Shares of Fiserv, Inc. (NYSE:FI)

ProShare Advisors LLC boosted its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 10.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 121,925 shares of the business services provider's stock after buying an additional 11,269 shares during the quarter. ProShare Advisors LLC's holdings in Fiserv were worth $25,046,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jacobi Capital Management LLC grew its position in Fiserv by 0.4% during the fourth quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider's stock valued at $2,281,000 after acquiring an additional 44 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in Fiserv by 1.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider's stock valued at $794,000 after acquiring an additional 44 shares during the last quarter. Parkside Financial Bank & Trust grew its position in Fiserv by 1.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider's stock valued at $841,000 after acquiring an additional 45 shares during the last quarter. Catalina Capital Group LLC grew its position in Fiserv by 2.3% during the fourth quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider's stock valued at $444,000 after acquiring an additional 48 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC grew its position in Fiserv by 1.2% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider's stock valued at $848,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 90.98% of the company's stock.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $235.55, for a total value of $10,599,750.00. Following the completion of the sale, the chief operating officer now directly owns 227,711 shares in the company, valued at approximately $53,637,326.05. This trade represents a 16.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.74% of the stock is owned by insiders.

Analysts Set New Price Targets

FI has been the topic of a number of recent research reports. Stephens increased their price target on shares of Fiserv from $255.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. 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. StockNews.com initiated coverage on shares of Fiserv in a research report on Sunday, March 23rd. They set a "buy" rating on the stock. Monness Crespi & Hardt cut shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 target price on the stock. in a report on Wednesday, April 9th. Finally, Wells Fargo & Company raised their target price on shares of Fiserv from $240.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $230.00.

Fiserv Stock Performance

Shares of FI stock opened at $166.63 on Friday. Fiserv, Inc. has a 12 month low of $146.25 and a 12 month high of $238.59. The stock has a market cap of $92.38 billion, a PE ratio of 30.91, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. 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 company's fifty day moving average price is $202.24 and its 200-day moving average price is $210.25.

Fiserv (NYSE:FI - Get Free Report) last announced its earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, beating analysts' consensus estimates of $2.08 by $0.06. The firm had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $4.86 billion. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The company's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.88 EPS. On average, equities analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its board has approved a stock repurchase program on Thursday, February 20th that allows the company to repurchase 60,000,000 shares. This repurchase authorization allows the business services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its shares are undervalued.

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.

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