Marshall Wace LLP Has $7.32 Million Stake in Fiserv, Inc. (NYSE:FI)

Marshall Wace LLP lowered its holdings in shares of Fiserv, Inc. (NYSE:FI) by 26.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,124 shares of the business services provider’s stock after selling 17,535 shares during the period. Marshall Wace LLP’s holdings in Fiserv were worth $7,321,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stanley Capital Management LLC acquired a new stake in shares of Fiserv during the 2nd quarter valued at about $18,713,000. Marietta Investment Partners LLC boosted its holdings in Fiserv by 4.0% during the second quarter. Marietta Investment Partners LLC now owns 47,529 shares of the business services provider’s stock valued at $7,084,000 after purchasing an additional 1,820 shares in the last quarter. Lombard Odier Asset Management Europe Ltd boosted its holdings in Fiserv by 40.9% during the second quarter. Lombard Odier Asset Management Europe Ltd now owns 32,414 shares of the business services provider’s stock valued at $4,831,000 after purchasing an additional 9,414 shares in the last quarter. Evergreen Capital Management LLC grew its stake in shares of Fiserv by 2.5% in the 2nd quarter. Evergreen Capital Management LLC now owns 5,317 shares of the business services provider’s stock valued at $792,000 after purchasing an additional 129 shares during the period. Finally, Magnetar Financial LLC bought a new position in shares of Fiserv during the 2nd quarter worth approximately $4,666,000. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

In other Fiserv news, EVP John Gibbons sold 18,890 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $4,764,211.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the sale, the chief executive officer now directly owns 2,965,084 shares of the company’s stock, valued at approximately $525,916,949.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 sale, the executive vice president now owns 28,323 shares in the company, valued at $4,764,211.83. The disclosure for this sale can be found here. Insiders have sold 211,890 shares of company stock valued at $36,572,057 in the last 90 days. 0.75% of the stock is owned by insiders.

Fiserv Stock Performance

FI stock opened at $179.65 on Tuesday. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $179.95. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. The company has a market cap of $105.11 billion, a P/E ratio of 33.58, a price-to-earnings-growth ratio of 1.45 and a beta of 0.93. The business’s fifty day moving average is $168.75 and its 200-day moving average is $158.00.

Fiserv (NYSE:FI) last released its earnings results 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 firm 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 quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.81 earnings per share. Equities research analysts forecast that Fiserv, Inc. will post 8.74 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Morgan Stanley upgraded Fiserv from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $154.00 to $175.00 in a research report on Monday, July 22nd. TD Cowen increased their target price on shares of Fiserv from $175.00 to $182.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Citigroup raised shares of Fiserv to a “strong-buy” rating in a report on Thursday, July 25th. Royal Bank of Canada upped their price objective 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. Finally, BMO Capital Markets lifted their target price on shares of Fiserv from $168.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Five research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $174.88.

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.