Fiserv, Inc. (NYSE:FI) Shares Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its stake in shares of Fiserv, Inc. (NYSE:FI) by 0.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 7,173,941 shares of the business services provider’s stock after purchasing an additional 64,332 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Fiserv were worth $1,069,204,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aveo Capital Partners LLC acquired a new stake in shares of Fiserv in the 4th quarter valued at about $309,000. 9258 Wealth Management LLC acquired a new stake in shares of Fiserv in the fourth quarter valued at approximately $552,000. Avantax Advisory Services Inc. acquired a new position in shares of Fiserv in the 4th quarter valued at $1,367,000. Janney Montgomery Scott LLC acquired a new position in shares of Fiserv in the 4th quarter valued at $7,997,000. Finally, Beacon Pointe Advisors LLC purchased a new stake in Fiserv in the 4th quarter valued at $1,743,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Price Performance

FI stock opened at $174.89 on Monday. The firm has a market cap of $102.33 billion, a P/E ratio of 32.69, a price-to-earnings-growth ratio of 1.38 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $175.48. The stock has a 50-day simple moving average of $163.69 and a 200-day simple moving average of $155.90.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The company had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same quarter last year, the company earned $1.81 earnings per share. Fiserv’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities analysts predict that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Fiserv

In other news, EVP John Gibbons sold 18,890 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the transaction, the executive vice president now directly owns 28,323 shares in the company, valued at approximately $4,764,211.83. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the sale, the executive vice president now owns 28,323 shares in the company, valued at approximately $4,764,211.83. The disclosure for this sale can be found here. Insiders sold a total of 66,890 shares of company stock valued at $10,853,407 in the last ninety days. Insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on FI shares. Mizuho lifted their price objective 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. KeyCorp increased their price objective on Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Wells Fargo & Company boosted their target price on Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. BMO Capital Markets increased their price target on Fiserv from $168.00 to $175.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, Citigroup raised shares of Fiserv to a “strong-buy” rating in a research note on Thursday, July 25th. Six research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $174.32.

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.