Symmetry Investments LP Buys Shares of 3,472 Fiserv, Inc. (NYSE:FI)

Symmetry Investments LP bought a new stake in Fiserv, Inc. (NYSE:FI) in the 4th quarter, HoldingsChannel reports. The fund bought 3,472 shares of the business services provider’s stock, valued at approximately $461,000.

Several other institutional investors also recently bought and sold shares of the company. Jacobi Capital Management LLC boosted its holdings in Fiserv by 0.9% in the 3rd quarter. Jacobi Capital Management LLC now owns 10,099 shares of the business services provider’s stock valued at $1,141,000 after purchasing an additional 94 shares during the last quarter. UniSuper Management Pty Ltd boosted its holdings in Fiserv by 2.3% in the 3rd quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the business services provider’s stock valued at $508,000 after purchasing an additional 100 shares during the last quarter. Hollencrest Capital Management boosted its holdings in Fiserv by 75.8% in the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 100 shares during the last quarter. Wealthsource Partners LLC boosted its holdings in Fiserv by 2.7% in the 3rd quarter. Wealthsource Partners LLC now owns 3,915 shares of the business services provider’s stock valued at $442,000 after purchasing an additional 102 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in Fiserv by 3.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 3,724 shares of the business services provider’s stock valued at $421,000 after purchasing an additional 117 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on FI shares. Evercore ISI reiterated an “outperform” rating and issued a $185.00 target price on shares of Fiserv in a report on Tuesday, March 26th. Jefferies Financial Group boosted their price target on shares of Fiserv from $150.00 to $160.00 and gave the company a “hold” rating in a research note on Monday, March 25th. BMO Capital Markets boosted their price target on shares of Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Mizuho boosted their price target on shares of Fiserv from $156.00 to $168.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Finally, TD Cowen boosted their price target on shares of Fiserv from $167.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $164.83.

Fiserv Trading Down 0.9 %

Shares of NYSE:FI opened at $148.20 on Tuesday. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99. The company’s 50 day moving average is $151.79 and its two-hundred day moving average is $145.36. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. The company has a market cap of $86.71 billion, a PE ratio of 27.96, a P/E/G ratio of 1.22 and a beta of 0.93.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.11. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The business had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.57 billion. During the same quarter in the prior year, the business posted $1.58 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities analysts predict that Fiserv, Inc. will post 8.69 earnings per share for the current fiscal year.

Insider Activity

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $149.53, for a total transaction of $3,588,720.00. Following the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,477,911.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders sold 111,575 shares of company stock worth $17,022,387. Corporate insiders own 0.75% of the company’s stock.

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.