Intellectus Partners LLC Purchases New Holdings in Fiserv, Inc. (NYSE:FI)

Intellectus Partners LLC acquired a new position in Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,978 shares of the business services provider’s stock, valued at approximately $661,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. bought a new position in Fiserv during the third quarter worth about $5,705,241,000. California Public Employees Retirement System acquired a new stake in shares of Fiserv in the 4th quarter valued at $423,780,000. Pittenger & Anderson Inc. bought a new stake in shares of Fiserv in the 4th quarter worth about $400,079,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Fiserv during the 4th quarter worth about $422,884,000. Finally, Nordea Investment Management AB bought a new position in Fiserv during the 4th quarter valued at about $351,525,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 23,929 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $151.79, for a total value of $3,632,182.91. Following the completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have sold 111,575 shares of company stock worth $17,022,387. Corporate insiders own 0.75% of the company’s stock.

Fiserv Price Performance

NYSE:FI opened at $155.89 on Monday. The stock has a market capitalization of $91.21 billion, a PE ratio of 29.14, a P/E/G ratio of 1.26 and a beta of 0.91. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $159.99. The firm has a fifty day simple moving average of $152.54 and a 200 day simple moving average of $138.07. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81.

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. The business had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. Fiserv’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the business posted $1.58 EPS. On average, research analysts expect that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on FI shares. KeyCorp boosted their price objective on Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Royal Bank of Canada lifted their target price on Fiserv from $158.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. TD Cowen raised their price target on Fiserv from $167.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Morgan Stanley boosted their price objective on Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. Finally, Jefferies Financial Group lifted their price target on shares of Fiserv from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Monday, March 25th. Six research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and an average price target of $164.33.

Fiserv Company 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.