Headlands Technologies LLC Takes Position in Fiserv, Inc. (NYSE:FI)

Headlands Technologies LLC bought a new position in Fiserv, Inc. (NYSE:FIFree Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 797 shares of the business services provider’s stock, valued at approximately $90,000.

Several other institutional investors have also made changes to their positions in the company. AMI Investment Management Inc. lifted its stake in Fiserv by 33.6% in the first quarter. AMI Investment Management Inc. now owns 27,999 shares of the business services provider’s stock valued at $2,839,000 after acquiring an additional 7,047 shares during the last quarter. American Century Companies Inc. raised its stake in Fiserv by 10.4% during the 1st quarter. American Century Companies Inc. now owns 9,227 shares of the business services provider’s stock valued at $936,000 after purchasing an additional 870 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Fiserv by 158.2% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 963 shares of the business services provider’s stock valued at $98,000 after buying an additional 590 shares during the period. Prudential PLC bought a new stake in Fiserv in the 1st quarter valued at $1,095,000. Finally, Sequoia Financial Advisors LLC bought a new stake in Fiserv in the 1st quarter valued at $357,000. 89.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FI has been the topic of several analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Fiserv in a report on Thursday, November 16th. Susquehanna upped their target price on shares of Fiserv from $170.00 to $175.00 and gave the stock a “positive” rating in a report on Wednesday, October 25th. KeyCorp raised shares of Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 target price on the stock in a report on Monday, January 8th. Tigress Financial upped their target price on shares of Fiserv from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, December 22nd. Finally, BNP Paribas raised shares of Fiserv from a “neutral” rating to an “outperform” rating in a report on Wednesday, January 10th. Six analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.04.

Read Our Latest Stock Analysis on FI

Insider Buying and Selling

In related news, EVP Suzan Kereere sold 1,633 shares of the stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $132.88, for a total transaction of $216,993.04. Following the completion of the sale, the executive vice president now directly owns 47,792 shares of the company’s stock, valued at approximately $6,350,600.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Suzan Kereere sold 1,633 shares of the stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $132.88, for a total transaction of $216,993.04. Following the completion of the sale, the executive vice president now directly owns 47,792 shares of the company’s stock, valued at approximately $6,350,600.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Robert W. Hau sold 188,088 shares of the stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $132.77, for a total value of $24,972,443.76. Following the sale, the chief financial officer now directly owns 133,491 shares of the company’s stock, valued at $17,723,600.07. The disclosure for this sale can be found here. In the last three months, insiders sold 311,038 shares of company stock valued at $41,389,939. 1.00% of the stock is owned by corporate insiders.

Fiserv Stock Performance

Shares of NYSE:FI opened at $144.23 on Tuesday. The company has a market capitalization of $86.57 billion, a price-to-earnings ratio of 28.85, a P/E/G ratio of 1.18 and a beta of 0.91. The firm’s 50 day simple moving average is $136.83 and its 200 day simple moving average is $125.98. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.04 and a quick ratio of 1.07. Fiserv, Inc. has a fifty-two week low of $103.99 and a fifty-two week high of $145.87.

Fiserv (NYSE:FIGet Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.04. The business had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.68 billion. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. Fiserv’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the company posted $1.91 EPS. As a group, sell-side analysts forecast that Fiserv, Inc. will post 8.63 earnings per share for the current year.

Fiserv Company Profile

(Free Report)

Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.

See Also

Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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