Raiffeisen Bank International AG Makes New $875,000 Investment in Fiserv, Inc. (NYSE:FI)

Raiffeisen Bank International AG purchased a new stake in Fiserv, Inc. (NYSE:FI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,240 shares of the business services provider's stock, valued at approximately $875,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Valley National Advisers Inc. acquired a new position in shares of Fiserv in the 4th quarter worth $29,000. Marshall Investment Management LLC acquired a new position in shares of Fiserv in the 4th quarter worth $29,000. Compass Financial Services Inc acquired a new position in shares of Fiserv in the 4th quarter worth $31,000. Campbell Capital Management Inc. acquired a new position in shares of Fiserv in the 4th quarter worth $37,000. Finally, Quarry LP grew its holdings in shares of Fiserv by 51.9% in the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock worth $42,000 after acquiring an additional 70 shares during the last quarter. Institutional investors own 90.98% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on FI shares. StockNews.com started coverage on Fiserv in a research report on Sunday, March 23rd. They issued a "buy" rating for the company. Susquehanna decreased their target price on Fiserv from $250.00 to $240.00 and set a "positive" rating for the company in a research report on Friday, April 25th. Monness Crespi & Hardt cut Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 target price for the company. in a research report on Wednesday, April 9th. Citigroup decreased their target price on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, The Goldman Sachs Group cut their price target on Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a research note on Monday. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $225.80.

Insider Activity at Fiserv

In other 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 transaction of $10,599,750.00. Following the transaction, the chief operating officer now owns 227,711 shares in the company, valued at $53,637,326.05. The trade was a 16.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.74% of the stock is currently owned by corporate insiders.

Fiserv Stock Performance

FI traded down $3.13 on Tuesday, hitting $166.01. 5,133,658 shares of the stock traded hands, compared to its average volume of 3,011,203. Fiserv, Inc. has a 52 week low of $146.25 and a 52 week 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 $92.04 billion, a PE ratio of 30.80, a P/E/G ratio of 1.52 and a beta of 0.97. The business has a fifty day moving average price of $201.41 and a two-hundred day moving average price of $210.18.

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

Fiserv declared that its Board of Directors has authorized 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 buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's board 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.