10,785 Shares in Fiserv, Inc. (NYSE:FI) Purchased by Cypress Advisory Group LLC

Cypress Advisory Group LLC bought a new stake in shares of Fiserv, Inc. (NYSE:FI) in the fourth quarter, Holdings Channel reports. The fund bought 10,785 shares of the business services provider’s stock, valued at approximately $2,215,000. Fiserv comprises about 2.0% of Cypress Advisory Group LLC’s portfolio, making the stock its 14th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in Fiserv by 3.0% in the 3rd quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock worth $302,737,000 after purchasing an additional 48,413 shares in the last quarter. Invst LLC acquired a new position in Fiserv during the third quarter worth $211,000. SkyView Investment Advisors LLC boosted its position in shares of Fiserv by 4.4% during the 3rd quarter. SkyView Investment Advisors LLC now owns 5,275 shares of the business services provider’s stock valued at $948,000 after acquiring an additional 223 shares during the last quarter. Anchor Investment Management LLC increased its position in Fiserv by 1.4% during the third quarter. Anchor Investment Management LLC now owns 35,463 shares of the business services provider’s stock worth $6,371,000 after purchasing an additional 497 shares during the last quarter. Finally, World Investment Advisors LLC raised its stake in Fiserv by 1,469.7% during the third quarter. World Investment Advisors LLC now owns 55,802 shares of the business services provider’s stock worth $10,025,000 after purchasing an additional 52,247 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the business’s 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 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.75% of the stock is currently owned by company insiders.

Fiserv Stock Down 0.3 %

FI opened at $184.65 on Thursday. Fiserv, Inc. has a one year low of $146.25 and a one year high of $238.59. 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 stock has a market capitalization of $103.14 billion, a P/E ratio of 34.26, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The business’s 50-day simple moving average is $212.97 and its 200-day simple moving average is $211.66.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share 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 business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same period in the prior year, the company earned $1.88 earnings per share. The company’s revenue was up 5.1% compared to the same quarter last year. Analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv declared that its board has initiated 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. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have recently weighed in on FI shares. Monness Crespi & Hardt cut shares of Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 price target for the company. in a research note on Wednesday, April 9th. Stephens boosted their price objective on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Redburn Atlantic reaffirmed a “sell” rating and set a $150.00 target price on shares of Fiserv in a research note on Thursday, April 17th. Morgan Stanley reissued an “overweight” rating and issued a $268.00 target price (up previously from $267.00) on shares of Fiserv in a research report on Friday, April 25th. Finally, Citigroup dropped their price objective on Fiserv from $267.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, April 25th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.