Symmetry Investments LP Buys Shares of 13,156 Fiserv, Inc. (NYSE:FI)

Symmetry Investments LP purchased a new position in shares of Fiserv, Inc. (NYSE:FI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,156 shares of the business services provider’s stock, valued at approximately $1,961,000.

Several other institutional investors have also recently added to or reduced their stakes in FI. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Fiserv by 267.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 15,190 shares of the business services provider’s stock worth $2,264,000 after acquiring an additional 11,059 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Fiserv by 2.2% during the second quarter. Thrivent Financial for Lutherans now owns 191,892 shares of the business services provider’s stock valued at $28,600,000 after purchasing an additional 4,208 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Fiserv by 38.8% during the second quarter. Pacer Advisors Inc. now owns 62,455 shares of the business services provider’s stock worth $9,308,000 after purchasing an additional 17,462 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Fiserv by 0.4% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 118,534 shares of the business services provider’s stock worth $17,660,000 after buying an additional 500 shares during the last quarter. Finally, AE Wealth Management LLC boosted its holdings in shares of Fiserv by 176.4% in the 2nd quarter. AE Wealth Management LLC now owns 16,136 shares of the business services provider’s stock valued at $2,405,000 after buying an additional 10,298 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fiserv

In related news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated 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 sale, the chief operating officer now owns 163,699 shares in the company, valued at approximately $27,005,424.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $164.97, for a total transaction of $3,959,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $27,005,424.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Gibbons sold 18,890 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total value 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 disclosure for this sale can be found here. Over the last three months, insiders sold 66,890 shares of company stock valued at $10,853,407. 0.75% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

FI has been the subject of a number of recent research reports. KeyCorp upped their price objective on Fiserv from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. BTIG Research began coverage on Fiserv in a research report on Wednesday, August 28th. They set a “buy” rating and a $200.00 price objective for the company. Royal Bank of Canada upped their price target on shares of Fiserv from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. William Blair upgraded shares of Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley upgraded Fiserv from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $154.00 to $175.00 in a research report on Monday, July 22nd. Six equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and a consensus target price of $174.32.

Fiserv Trading Down 0.7 %

Fiserv stock opened at $177.61 on Friday. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $178.89. The stock has a market cap of $103.92 billion, a price-to-earnings ratio of 33.20, a price-to-earnings-growth ratio of 1.38 and a beta of 0.93. The business has a 50 day moving average price of $166.23 and a two-hundred day moving average price of $156.74. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85.

Fiserv (NYSE:FI) last released its quarterly earnings data on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.03. The company had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.81 EPS. As a group, equities analysts forecast that Fiserv, Inc. will post 8.74 EPS for the current year.

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.