Fiserv, Inc. (NYSE:FI) Shares Acquired by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC increased its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 508.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 156,538 shares of the business services provider's stock after buying an additional 130,807 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Fiserv were worth $32,156,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Marshall Investment Management LLC purchased a new position in Fiserv during the 4th quarter valued at $29,000. Valley National Advisers Inc. bought a new stake in shares of Fiserv during the fourth quarter worth $29,000. Compass Financial Services Inc purchased a new stake in shares of Fiserv during the fourth quarter valued at $31,000. Campbell Capital Management Inc. bought a new position in shares of Fiserv in the fourth quarter worth about $37,000. Finally, Quarry LP increased its stake in 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 buying an additional 70 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Performance

Shares of NYSE FI traded up $1.36 during mid-day trading on Friday, hitting $184.38. The stock had a trading volume of 3,723,562 shares, compared to its average volume of 2,815,303. Fiserv, Inc. has a twelve month low of $146.25 and a twelve month high of $238.59. The firm has a market cap of $102.99 billion, a PE ratio of 34.21, a PEG ratio of 1.52 and a beta of 0.91. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The company has a 50 day moving average of $212.00 and a two-hundred day moving average of $211.59.

Fiserv (NYSE:FI - Get Free Report) last issued 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. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The firm had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $4.86 billion. During the same quarter last year, the company posted $1.88 earnings per share. The firm's revenue was up 5.1% compared to the same quarter last year. 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 repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Insider Activity

In related 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 value of $10,599,750.00. Following the sale, the chief operating officer now owns 227,711 shares of the company's stock, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.75% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FI shares. Monness Crespi & Hardt downgraded shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 target price on the stock. in a research note on Wednesday, April 9th. Barclays dropped their price objective on Fiserv from $265.00 to $230.00 and set an "overweight" rating on the stock in a research note on Monday. The Goldman Sachs Group raised Fiserv from a "neutral" rating to a "buy" rating and lifted their target price for the company from $246.00 to $260.00 in a research report on Wednesday, April 2nd. Seaport Res Ptn raised Fiserv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Finally, Morgan Stanley restated an "overweight" rating and issued a $268.00 price objective (up from $267.00) on shares of Fiserv in a report on Friday, April 25th. Two equities research 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 presently has an average rating of "Moderate Buy" and a consensus target price of $230.00.

Fiserv 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.