Stevens Capital Management LP Purchases New Shares in Fiserv, Inc. (NYSE:FI)

Stevens Capital Management LP purchased a new stake in Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,147 shares of the business services provider’s stock, valued at approximately $852,000.

Other institutional investors have also added to or reduced their stakes in the company. Marshall Investment Management LLC bought a new stake in Fiserv in the 4th quarter valued at $29,000. Valley National Advisers Inc. bought a new stake in Fiserv in the 4th quarter valued at $29,000. Compass Financial Services Inc bought a new stake in Fiserv in the 4th quarter valued at $31,000. Campbell Capital Management Inc. acquired a new position in Fiserv in the 4th quarter valued at $37,000. Finally, Knuff & Co LLC acquired a new position in Fiserv in the 4th quarter valued at $45,000. 90.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $235.55, for a total value of $10,599,750.00. Following the sale, the chief operating officer now owns 227,711 shares in the company, valued at approximately $53,637,326.05. The trade was a 16.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Shares of FI opened at $218.01 on Friday. Fiserv, Inc. has a 12-month low of $145.98 and a 12-month high of $238.59. The business has a 50-day simple moving average of $220.46 and a two-hundred day simple moving average of $206.23. 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 stock has a market cap of $122.37 billion, a PE ratio of 40.45, a PEG ratio of 1.52 and a beta of 0.93.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. Analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its Board of Directors has approved a stock repurchase plan on Thursday, February 20th that allows the company to buyback 60,000,000 outstanding shares. This buyback authorization allows the business services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several equities analysts have weighed in on FI shares. KeyCorp lifted their price objective on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Barclays lifted their price objective on Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, February 10th. The Goldman Sachs Group lifted their price objective on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Stephens lifted 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. Finally, Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $239.83.

About Fiserv

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.