Board of the Pension Protection Fund Takes Position in Fiserv, Inc. (NYSE:FI)

Board of the Pension Protection Fund acquired a new stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,600 shares of the business services provider's stock, valued at approximately $945,000. Fiserv makes up 1.1% of Board of the Pension Protection Fund's investment portfolio, making the stock its 29th biggest position.

Other hedge funds have also modified their holdings of the company. Kimelman & Baird LLC bought a new stake in Fiserv during the second quarter worth about $60,000. Oppenheimer & Co. Inc. grew its position in Fiserv by 79.2% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 10,395 shares of the business services provider's stock worth $1,549,000 after acquiring an additional 4,594 shares during the last quarter. Parallel Advisors LLC increased its holdings in Fiserv by 21.5% during the 2nd quarter. Parallel Advisors LLC now owns 5,416 shares of the business services provider's stock valued at $807,000 after purchasing an additional 959 shares in the last quarter. J.W. Cole Advisors Inc. raised its position in Fiserv by 16.3% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 2,267 shares of the business services provider's stock valued at $338,000 after purchasing an additional 318 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Fiserv by 8.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,960,012 shares of the business services provider's stock worth $441,173,000 after purchasing an additional 225,159 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Down 0.2 %

Shares of FI stock traded down $0.35 on Wednesday, hitting $204.12. 3,322,751 shares of the stock were exchanged, compared to its average volume of 2,404,861. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $116.13 billion, a P/E ratio of 39.25, a price-to-earnings-growth ratio of 1.56 and a beta of 0.94. Fiserv, Inc. has a fifty-two week low of $135.97 and a fifty-two week high of $223.23. The business has a 50-day moving average of $209.69 and a 200 day moving average of $186.07.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping analysts' consensus estimates of $2.26 by $0.04. The firm had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $4.90 billion. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. The business's revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.96 EPS. Equities analysts anticipate that Fiserv, Inc. will post 8.77 EPS for the current year.

Insider Activity at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the business's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the transaction, the chief accounting officer now owns 38,771 shares of the company's stock, valued at $8,320,644.31. The trade was a 34.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Heidi Miller sold 30,000 shares of the firm's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the transaction, the director now directly owns 33,235 shares of the company's stock, valued at $6,684,555.55. This represents a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,821 shares of company stock valued at $18,581,095. Corporate insiders own 0.75% of the company's stock.

Wall Street Analyst Weigh In

FI has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their price target on Fiserv from $195.00 to $200.00 and gave the company a "hold" rating in a report on Tuesday, October 22nd. Stephens reaffirmed an "overweight" rating and issued a $255.00 target price on shares of Fiserv in a research note on Thursday, January 2nd. Robert W. Baird increased their price target on shares of Fiserv from $186.00 to $200.00 and gave the company an "outperform" rating in a research note on Monday, September 23rd. Morgan Stanley boosted their price objective on shares of Fiserv from $220.00 to $258.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Finally, Keefe, Bruyette & Woods increased their price objective on Fiserv from $225.00 to $238.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $223.17.

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.