Empirical Asset Management LLC Takes Position in Fiserv, Inc. (NYSE:FI)

Empirical Asset Management LLC purchased a new position in shares of Fiserv, Inc. (NYSE:FI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 62,522 shares of the business services provider's stock, valued at approximately $12,843,000.

Other institutional investors also recently modified their holdings of the company. Soros Capital Management LLC increased its position in Fiserv by 71.7% during the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider's stock valued at $9,844,000 after purchasing an additional 22,884 shares during the period. Czech National Bank increased its position in shares of Fiserv by 5.2% during the fourth quarter. Czech National Bank now owns 123,353 shares of the business services provider's stock worth $25,339,000 after buying an additional 6,072 shares during the period. Chiron Investment Management LLC bought a new position in Fiserv during the third quarter worth $4,709,000. Cardano Risk Management B.V. acquired a new position in Fiserv in the fourth quarter valued at $97,254,000. Finally, Maxwell Wealth Strategies Inc. boosted its position in Fiserv by 23.6% during the third quarter. Maxwell Wealth Strategies Inc. now owns 15,009 shares of the business services provider's stock valued at $2,696,000 after acquiring an additional 2,869 shares during the last quarter. Institutional investors own 90.98% of the company's stock.

Fiserv Stock Up 1.2 %

Shares of FI stock traded up $2.41 on Friday, hitting $208.67. The stock had a trading volume of 2,579,770 shares, compared to its average volume of 2,432,215. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The business has a 50 day moving average of $209.49 and a 200 day moving average of $186.34. Fiserv, Inc. has a 12-month low of $136.93 and a 12-month high of $223.23. The stock has a market cap of $118.71 billion, a price-to-earnings ratio of 40.13, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FI. Wells Fargo & Company lifted their price objective on Fiserv from $220.00 to $240.00 and gave the stock an "overweight" rating in a research report on Thursday. Citigroup boosted their price target on Fiserv from $230.00 to $233.00 and gave the company a "buy" rating in a research note on Tuesday. KeyCorp raised their price objective on shares of Fiserv from $180.00 to $225.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Robert W. Baird boosted their target price on shares of Fiserv from $186.00 to $200.00 and gave the company an "outperform" rating in a research report on Monday, September 23rd. Finally, JPMorgan Chase & Co. raised their price target on shares of Fiserv from $199.00 to $227.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. 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 company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $224.00.

Insiders Place Their Bets

In other Fiserv news, Director Heidi Miller sold 30,000 shares of the business's stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $201.13, for a total value of $6,033,900.00. Following the transaction, the director now directly owns 33,235 shares in the company, valued at $6,684,555.55. The trade was a 47.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Kenneth Best sold 20,821 shares of the firm'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 sale, the chief accounting officer now owns 38,771 shares of the company's stock, valued at approximately $8,320,644.31. The trade was a 34.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,821 shares of company stock valued at $18,581,095. Insiders own 0.75% of the company's stock.

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.