Deutsche Bank AG Has $426.51 Million Holdings in Fiserv, Inc. (NYSE:FI)

Deutsche Bank AG grew its position in Fiserv, Inc. (NYSE:FI) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,076,282 shares of the business services provider’s stock after buying an additional 78,672 shares during the quarter. Deutsche Bank AG owned approximately 0.36% of Fiserv worth $426,510,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Valley National Advisers Inc. purchased a new stake in shares of Fiserv in the fourth quarter valued at $29,000. Marshall Investment Management LLC purchased a new stake in Fiserv in the 4th quarter worth about $29,000. Compass Financial Services Inc acquired a new stake in Fiserv during the 4th quarter worth about $31,000. Campbell Capital Management Inc. acquired a new position in shares of Fiserv in the 4th quarter valued at about $37,000. Finally, Quarry LP increased its holdings in shares of Fiserv by 51.9% in the 4th quarter. Quarry LP now owns 205 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 70 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Performance

FI opened at $181.38 on Friday. Fiserv, Inc. has a 12-month low of $146.25 and a 12-month high of $238.59. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $100.56 billion, a P/E ratio of 33.65, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. The stock’s 50 day moving average price is $207.03 and its two-hundred day moving average price is $211.15.

Fiserv (NYSE:FI) last released its earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, beating the consensus estimate of $2.08 by $0.06. The firm had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $4.86 billion. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.88 EPS. On average, equities analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv declared that its board has approved a share repurchase program on Thursday, February 20th that allows the company to buyback 60,000,000 shares. This buyback authorization allows the business services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $235.55, for a total value of $10,599,750.00. Following the completion of the transaction, the chief operating officer now directly owns 227,711 shares in the company, valued at approximately $53,637,326.05. This represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.74% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Citigroup cut their target price on shares of Fiserv from $267.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, April 25th. BMO Capital Markets cut their price objective on Fiserv from $254.00 to $232.00 and set an “outperform” rating for the company in a report on Friday, April 25th. Barclays lowered their target price on Fiserv from $265.00 to $230.00 and set an “overweight” rating on the stock in a research note on Monday, April 28th. Monness Crespi & Hardt downgraded Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 price target for the company. in a research note on Wednesday, April 9th. Finally, Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $230.00.

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.