3,909 Shares in Fiserv, Inc. (NYSE:FI) Acquired by USA Financial Formulas

USA Financial Formulas acquired a new stake in Fiserv, Inc. (NYSE:FI - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,909 shares of the business services provider's stock, valued at approximately $803,000.

Several other hedge funds have also added to or reduced their stakes in the business. Kimelman & Baird LLC acquired a new position in shares of Fiserv in the 2nd quarter worth approximately $60,000. Oppenheimer & Co. Inc. lifted its holdings in Fiserv by 79.2% in the second quarter. Oppenheimer & Co. Inc. now owns 10,395 shares of the business services provider's stock valued at $1,549,000 after buying an additional 4,594 shares during the period. J.W. Cole Advisors Inc. boosted its position in Fiserv by 16.3% during the second quarter. J.W. Cole Advisors Inc. now owns 2,267 shares of the business services provider's stock valued at $338,000 after acquiring an additional 318 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Fiserv during the 2nd quarter worth about $25,266,000. Finally, Edgestream Partners L.P. raised its position in shares of Fiserv by 779.8% in the 2nd quarter. Edgestream Partners L.P. now owns 17,324 shares of the business services provider's stock worth $2,582,000 after acquiring an additional 15,355 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction that occurred on 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 sale, the director now owns 33,235 shares of the company's stock, valued at approximately $6,684,555.55. The trade was a 47.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Kenneth Best sold 20,821 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total value of $4,468,394.81. Following the transaction, the chief accounting officer now directly owns 38,771 shares of the company's stock, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their ownership of the stock. 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.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FI. Seaport Res Ptn upgraded Fiserv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Royal Bank of Canada increased their price target on Fiserv from $183.00 to $224.00 and gave the stock an "outperform" rating in a report on Wednesday, October 23rd. Morgan Stanley lifted their price objective on shares of Fiserv from $220.00 to $258.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Tigress Financial increased their target price on shares of Fiserv from $190.00 to $244.00 and gave the stock a "buy" rating in a research note on Tuesday, October 29th. Finally, StockNews.com raised shares of Fiserv from a "hold" rating to a "buy" rating in a research note on Thursday, September 26th. Three research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $224.00.

Fiserv Stock Up 0.8 %

Shares of FI stock traded up $1.62 on Thursday, hitting $205.87. The stock had a trading volume of 1,603,205 shares, compared to its average volume of 2,318,805. 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 $209.69 and a 200 day moving average of $186.07. Fiserv, Inc. has a 12-month low of $136.48 and a 12-month high of $223.23. The stock has a market cap of $117.12 billion, a price-to-earnings ratio of 39.58, 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.

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.