Jump Financial LLC Purchases 4,375 Shares of Fiserv, Inc. (NYSE:FI)

Jump Financial LLC increased its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 116.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,148 shares of the business services provider's stock after acquiring an additional 4,375 shares during the period. Jump Financial LLC's holdings in Fiserv were worth $1,674,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in FI. Bridgewater Associates LP boosted its holdings in Fiserv by 20.4% during the fourth quarter. Bridgewater Associates LP now owns 649,901 shares of the business services provider's stock worth $133,503,000 after purchasing an additional 110,139 shares during the last quarter. Ontario Teachers Pension Plan Board purchased a new position in shares of Fiserv in the 4th quarter worth approximately $817,000. Rossby Financial LCC bought a new position in shares of Fiserv in the fourth quarter valued at approximately $360,000. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in Fiserv during the fourth quarter worth $38,032,000. Finally, Canada Post Corp Registered Pension Plan bought a new position in Fiserv in the 4th quarter valued at $4,978,000. Institutional investors own 90.98% of the company's stock.

Insider Transactions at Fiserv

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 transaction, the chief operating officer now owns 227,711 shares in the company, valued at $53,637,326.05. This trade represents a 16.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.75% of the company's stock.

Fiserv Price Performance

NYSE:FI traded down $40.55 during midday trading on Thursday, hitting $176.55. The company had a trading volume of 16,327,312 shares, compared to its average volume of 2,768,734. The stock's fifty day moving average price is $218.33 and its 200-day moving average price is $211.91. Fiserv, Inc. has a 52-week low of $146.25 and a 52-week high of $238.59. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $98.62 billion, a PE ratio of 32.76, a P/E/G ratio of 1.52 and a beta of 0.91.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, beating the consensus estimate of $2.07 by $0.07. The firm had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. As a group, research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv declared that its board has approved a stock buyback program on Thursday, February 20th that authorizes the company to repurchase 60,000,000 outstanding shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on FI shares. Keefe, Bruyette & Woods boosted their price target on shares of Fiserv from $238.00 to $260.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Citigroup boosted their target price on shares of Fiserv from $230.00 to $233.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Royal Bank of Canada raised their price target on shares of Fiserv from $255.00 to $270.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Wells Fargo & Company lifted their price target on shares of Fiserv from $240.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, Stephens increased their price objective on Fiserv from $255.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $234.79.

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.