Sivia Capital Partners LLC Buys 133 Shares of Fiserv, Inc. (NYSE:FI)

Sivia Capital Partners LLC increased its stake in Fiserv, Inc. (NYSE:FI) by 7.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,814 shares of the business services provider’s stock after purchasing an additional 133 shares during the period. Sivia Capital Partners LLC’s holdings in Fiserv were worth $401,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vega Investment Solutions acquired a new position in Fiserv in the 4th quarter worth $25,000. Park Square Financial Group LLC acquired a new position in Fiserv in the 4th quarter worth $28,000. Marshall Investment Management LLC acquired a new position in Fiserv in the 4th quarter worth $29,000. Compass Financial Services Inc acquired a new position in Fiserv in the 4th quarter worth $31,000. Finally, Campbell Capital Management Inc. acquired a new position in Fiserv in the 4th quarter worth $37,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Up 0.9%

Fiserv stock opened at $166.90 on Friday. The firm has a market capitalization of $92.54 billion, a PE ratio of 30.96, a P/E/G ratio of 1.52 and a beta of 0.91. The company’s 50-day moving average is $185.54 and its 200-day moving average is $205.44. Fiserv, Inc. has a fifty-two week low of $146.25 and a fifty-two week high of $238.59. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07.

Fiserv (NYSE:FI) last announced its earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping the consensus estimate of $2.08 by $0.06. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Fiserv’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.88 EPS. Sell-side analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its board has initiated a share buyback plan on Thursday, February 20th that allows the company to repurchase 60,000,000 shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages recently weighed in on FI. Citigroup reduced their target price 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. JPMorgan Chase & Co. decreased their target price on shares of Fiserv from $211.00 to $210.00 and set an “overweight” rating for the company in a research report on Monday, May 19th. The Goldman Sachs Group decreased their target price on shares of Fiserv from $223.00 to $194.00 and set a “buy” rating for the company in a research report on Monday, May 19th. Morgan Stanley reaffirmed an “overweight” rating and issued a $268.00 target price (up previously from $267.00) on shares of Fiserv in a research report on Friday, April 25th. Finally, BMO Capital Markets decreased their target price on shares of Fiserv from $254.00 to $232.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $220.27.

Insider Buying and Selling

In related news, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total transaction of $403,628.16. Following the completion of the sale, the insider now owns 53,385 shares of the company’s stock, valued at approximately $8,577,901.80. The trade was a 4.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of Fiserv 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 now directly owns 25,385 shares of the company’s stock, valued at $4,061,600. The trade was a 18.21% decrease in their position. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by insiders.

Fiserv 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.