Tidal Investments LLC Raises Stock Position in Fiserv, Inc. (NYSE:FI)

Tidal Investments LLC lifted its position in Fiserv, Inc. (NYSE:FI) by 109.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 71,333 shares of the business services provider’s stock after buying an additional 37,301 shares during the period. Tidal Investments LLC’s holdings in Fiserv were worth $14,653,000 as of its most recent SEC filing.

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

Fiserv Stock Performance

NYSE:FI opened at $166.63 on Monday. 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 fifty day moving average of $202.24 and a two-hundred day moving average of $210.41. The stock has a market capitalization of $92.38 billion, a PE ratio of 30.91, a P/E/G ratio of 1.52 and a beta of 0.97. Fiserv, Inc. has a fifty-two week low of $146.25 and a fifty-two week high of $238.59.

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, topping analysts’ consensus estimates of $2.08 by $0.06. The company had revenue of $4.79 billion during 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 firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.88 earnings per share. As a group, research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its board has authorized a share buyback program on Thursday, February 20th that authorizes the company to buyback 60,000,000 shares. This buyback authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. BMO Capital Markets dropped their target price on shares of Fiserv from $254.00 to $232.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Susquehanna dropped their price objective on shares of Fiserv from $250.00 to $240.00 and set a “positive” rating on the stock in a report on Friday, April 25th. The Goldman Sachs Group raised shares of Fiserv from a “neutral” rating to a “buy” rating and upped their price objective for the company from $246.00 to $260.00 in a report on Wednesday, April 2nd. Citigroup dropped their price objective on shares of Fiserv from $267.00 to $240.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Finally, Monness Crespi & Hardt downgraded shares of Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 price objective on the stock. in a report on Wednesday, April 9th. Two 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $230.00.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief operating officer now directly owns 227,711 shares in the company, valued at approximately $53,637,326.05. This represents a 16.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.74% of the stock is currently owned by company insiders.

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.