Driehaus Capital Management LLC Invests $237,000 in Fiserv, Inc. (NYSE:FI)

Driehaus Capital Management LLC acquired a new position in Fiserv, Inc. (NYSE:FI) in the second quarter, Holdings Channel.com reports. The fund acquired 1,590 shares of the business services provider’s stock, valued at approximately $237,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FI. Price T Rowe Associates Inc. MD purchased a new position in shares of Fiserv in the 4th quarter valued at approximately $5,885,279,000. Capital World Investors purchased a new position in shares of Fiserv in the fourth quarter worth $2,329,623,000. Veritas Asset Management LLP acquired a new stake in shares of Fiserv during the fourth quarter worth $927,298,000. Northern Trust Corp purchased a new stake in shares of Fiserv during the fourth quarter valued at $784,200,000. Finally, BlueSpruce Investments LP acquired a new position in shares of Fiserv in the 4th quarter valued at $646,368,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on FI shares. Robert W. Baird boosted their price target on Fiserv from $186.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Citigroup upgraded Fiserv to a “strong-buy” rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods raised their price target on shares of Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. StockNews.com upgraded shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. Finally, William Blair upgraded Fiserv to a “strong-buy” rating in a research note on Wednesday, July 24th. Five equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.88.

Fiserv Trading Up 0.7 %

Shares of Fiserv stock opened at $179.65 on Tuesday. Fiserv, Inc. has a fifty-two week low of $109.11 and a fifty-two week high of $179.95. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $105.11 billion, a price-to-earnings ratio of 33.58, a PEG ratio of 1.45 and a beta of 0.93. The stock has a 50 day moving average of $168.75 and a 200 day moving average of $158.00.

Fiserv (NYSE:FI) last announced its 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. The company had revenue of $5.11 billion during the quarter, compared to analyst estimates of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. Fiserv’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.81 earnings per share. As a group, research analysts predict that Fiserv, Inc. will post 8.74 earnings per share for the current year.

Insider Buying and Selling at Fiserv

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

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.