Point72 Asia Singapore Pte. Ltd. Buys Shares of 7,142 Fiserv, Inc. (NYSE:FI)

Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,142 shares of the business services provider’s stock, valued at approximately $1,467,000.

Several other institutional investors have also modified their holdings of FI. Trust Co. of Vermont grew its stake in shares of Fiserv by 170.4% in the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock worth $1,405,000 after purchasing an additional 4,310 shares in the last quarter. Root Financial Partners LLC acquired a new stake in Fiserv in the fourth quarter worth about $257,000. Merit Financial Group LLC grew its position in Fiserv by 146.9% in the 4th quarter. Merit Financial Group LLC now owns 19,803 shares of the business services provider’s stock valued at $4,068,000 after buying an additional 11,783 shares in the last quarter. Principal Financial Group Inc. increased its stake in Fiserv by 0.8% during the 4th quarter. Principal Financial Group Inc. now owns 929,193 shares of the business services provider’s stock valued at $190,875,000 after buying an additional 7,183 shares during the period. Finally, USAdvisors Wealth Management LLC bought a new stake in shares of Fiserv during the 4th quarter worth about $322,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Down 0.6%

NYSE:FI opened at $189.76 on Thursday. The business’s fifty day moving average price is $204.31 and its 200 day moving average price is $210.78. The firm has a market capitalization of $105.21 billion, a price-to-earnings ratio of 35.21, a PEG ratio of 1.52 and a beta of 0.97. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a 1-year low of $146.25 and a 1-year high of $238.59.

Fiserv (NYSE:FI) last issued its earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.06. The company had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.86 billion. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.88 EPS. On average, sell-side analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its board has initiated a share buyback plan on Thursday, February 20th that allows the company to repurchase 60,000,000 shares. This repurchase authorization allows the business services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on FI shares. StockNews.com started coverage on shares of Fiserv in a report on Sunday, March 23rd. They issued a “buy” rating for the company. Susquehanna decreased their price target on Fiserv from $250.00 to $240.00 and set a “positive” rating for the company in a research note on Friday, April 25th. Wells Fargo & Company boosted their price objective on Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. The Goldman Sachs Group raised Fiserv from a “neutral” rating to a “buy” rating and raised their target price for the company from $246.00 to $260.00 in a research note on Wednesday, April 2nd. Finally, UBS Group dropped their price target on shares of Fiserv from $265.00 to $255.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $230.00.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the completion of the sale, the chief operating officer now directly owns 227,711 shares in the company, valued at $53,637,326.05. The trade was a 16.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.74% 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.