HighVista Strategies LLC Grows Stock Position in Fiserv, Inc. (NYSE:FI)

HighVista Strategies LLC lifted its stake in shares of Fiserv, Inc. (NYSE:FI) by 22.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,553 shares of the business services provider’s stock after purchasing an additional 2,900 shares during the quarter. HighVista Strategies LLC’s holdings in Fiserv were worth $2,318,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD bought a new position in Fiserv during the 4th quarter worth approximately $5,885,279,000. Capital World Investors purchased a new stake in Fiserv in the fourth quarter worth $2,329,623,000. Veritas Asset Management LLP purchased a new position in Fiserv during the 4th quarter valued at $927,298,000. Parnassus Investments LLC bought a new position in Fiserv in the 4th quarter worth $900,674,000. Finally, Northern Trust Corp bought a new stake in shares of Fiserv during the 4th quarter valued at about $784,200,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fiserv

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. B. Riley increased their target price on Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. StockNews.com cut shares of Fiserv from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. BTIG Research assumed coverage on shares of Fiserv in a research report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 target price on the stock. Royal Bank of Canada lifted their price target on shares of Fiserv from $180.00 to $183.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, William Blair upgraded shares of Fiserv to a “strong-buy” rating in a report on Wednesday, July 24th. Six analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.32.

Fiserv Price Performance

NYSE:FI opened at $177.61 on Monday. The company has a market capitalization of $103.92 billion, a P/E ratio of 33.20, a P/E/G ratio of 1.38 and a beta of 0.93. The business’s 50-day moving average is $166.23 and its 200 day moving average is $156.83. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $178.89.

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

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.