Public Sector Pension Investment Board Buys 8,369 Shares of Fiserv, Inc. (NYSE:FI)

Public Sector Pension Investment Board boosted its position in Fiserv, Inc. (NYSE:FI) by 62.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,739 shares of the business services provider’s stock after purchasing an additional 8,369 shares during the period. Public Sector Pension Investment Board’s holdings in Fiserv were worth $3,240,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of FI. Wellington Shields & Co. LLC bought a new position in shares of Fiserv during the 1st quarter worth $25,000. ZRC Wealth Management LLC bought a new position in Fiserv during the first quarter worth about $32,000. RE Dickinson Investment Advisors LLC purchased a new position in shares of Fiserv in the fourth quarter worth about $27,000. Family Firm Inc. bought a new stake in shares of Fiserv in the second quarter valued at approximately $31,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in shares of Fiserv during the 1st quarter valued at approximately $37,000. 90.98% of the stock is owned by institutional investors.

Insider Activity at Fiserv

In other news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $154.86, for a total value of $3,716,640.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $25,350,427.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Guy Chiarello sold 24,000 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at $25,350,427.14. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Frank Bisignano sold 145,000 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $177.37, for a total value of $25,718,650.00. Following the transaction, the chief executive officer now owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. The disclosure for this sale can be found here. Insiders sold 211,890 shares of company stock worth $36,572,057 in the last ninety days. 0.75% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada boosted their target price on shares of Fiserv from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. William Blair upgraded Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. TD Cowen raised their target price on Fiserv from $175.00 to $182.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. B. Riley upped their price target on Fiserv from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, KeyCorp raised their price objective on shares of Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Five 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. Based on data from MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and a consensus target price of $174.88.

Fiserv Trading Up 0.6 %

FI stock opened at $178.41 on Friday. The company has a market capitalization of $104.39 billion, a PE ratio of 33.35, a price-to-earnings-growth ratio of 1.45 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. Fiserv, Inc. has a one year low of $109.11 and a one year high of $179.53. The company’s 50 day moving average price is $167.88 and its two-hundred day moving average price is $157.49.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.03. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The business had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same period in the previous year, the firm posted $1.81 earnings per share. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, analysts predict that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal year.

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.