Victory Capital Management Inc. Acquires 54,039 Shares of Fiserv, Inc. (NYSE:FI)

Victory Capital Management Inc. boosted its holdings in Fiserv, Inc. (NYSE:FI) by 13.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 444,483 shares of the business services provider’s stock after purchasing an additional 54,039 shares during the period. Victory Capital Management Inc. owned about 0.08% of Fiserv worth $98,155,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Vega Investment Solutions bought a new stake in shares of Fiserv during the 4th quarter valued at about $25,000. Park Square Financial Group LLC purchased a new position in Fiserv during the fourth quarter valued at $28,000. Abound Financial LLC acquired a new position in Fiserv in the first quarter valued at about $38,000. Quarry LP boosted its position 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. Finally, Mpwm Advisory Solutions LLC acquired a new position in Fiserv during the fourth quarter worth about $54,000. 90.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on FI shares. Jefferies Financial Group reduced their price objective on Fiserv from $180.00 to $165.00 and set a “hold” rating for the company in a research report on Tuesday, May 27th. Royal Bank Of Canada set a $237.00 target price on Fiserv in a research report on Friday, April 25th. Morgan Stanley reaffirmed an “overweight” rating and issued a $268.00 price target (up previously from $267.00) on shares of Fiserv in a report on Friday, April 25th. Citigroup decreased their price target on shares of Fiserv from $267.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Finally, Robert W. Baird cut their price target on Fiserv from $250.00 to $225.00 and set an “outperform” rating for the company in a report on Wednesday, June 18th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $220.59.

Insider Buying and Selling at Fiserv

In related news, insider Adam L. Rosman sold 2,512 shares of the business’s stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the transaction, the insider directly owned 53,385 shares in the company, valued at $8,577,901.80. The trade was a 4.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Andrew Gelb sold 5,652 shares of the stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total transaction of $904,320.00. Following the sale, the executive vice president owned 25,385 shares of the company’s stock, valued at $4,061,600. This trade represents a 18.21% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.74% of the company’s stock.

Fiserv Stock Up 1.0%

Shares of NYSE:FI opened at $167.30 on Friday. The stock’s 50-day moving average price is $168.12 and its two-hundred day moving average price is $197.10. Fiserv, Inc. has a 12-month low of $154.17 and a 12-month high of $238.59. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.02. The firm has a market cap of $92.75 billion, a price-to-earnings ratio of 29.56, a PEG ratio of 1.01 and a beta of 0.91.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.06. The firm had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.86 billion. Fiserv had a net margin of 15.68% and a return on equity of 18.74%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.88 earnings per share. On average, research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current 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.