80,908 Shares in Fiserv, Inc. (NYSE:FI) Bought by Yousif Capital Management LLC

Yousif Capital Management LLC acquired a new position in shares of Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 80,908 shares of the business services provider’s stock, valued at approximately $10,748,000.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Fiserv by 1.6% in the third quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock valued at $5,705,241,000 after buying an additional 789,232 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Fiserv by 2.7% during the third quarter. Northern Trust Corp now owns 6,416,853 shares of the business services provider’s stock valued at $724,848,000 after purchasing an additional 168,286 shares during the period. Invesco Ltd. increased its holdings in shares of Fiserv by 5.2% during the third quarter. Invesco Ltd. now owns 5,207,615 shares of the business services provider’s stock valued at $588,252,000 after purchasing an additional 258,036 shares during the period. California Public Employees Retirement System increased its holdings in shares of Fiserv by 1.8% during the third quarter. California Public Employees Retirement System now owns 3,340,624 shares of the business services provider’s stock valued at $377,357,000 after purchasing an additional 60,176 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Fiserv during the fourth quarter valued at $422,884,000. 90.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FI has been the topic of a number of research analyst reports. Oppenheimer raised Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price target on the stock in a report on Thursday, January 11th. Susquehanna lifted their target price on Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a report on Monday, March 25th. Stephens reaffirmed an “equal weight” rating and set a $165.00 target price on shares of Fiserv in a report on Wednesday. TD Cowen lifted their target price on Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, StockNews.com initiated coverage on Fiserv in a report on Saturday, February 3rd. They set a “buy” rating on the stock. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $164.33.

Fiserv Stock Performance

Shares of FI stock traded down $3.14 during trading on Wednesday, reaching $152.25. The company had a trading volume of 2,478,270 shares, compared to its average volume of 2,540,245. The firm’s 50 day simple moving average is $152.14 and its two-hundred day simple moving average is $137.23. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 1.04. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99. The company has a market capitalization of $89.64 billion, a PE ratio of 30.59, a PEG ratio of 1.22 and a beta of 0.91.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The business had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same period last year, the business earned $1.58 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. Sell-side analysts forecast that Fiserv, Inc. will post 8.63 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $149.53, for a total transaction of $3,588,720.00. Following the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $24,477,911.47. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 111,575 shares of company stock valued at $17,022,387 in the last three months. Company 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.