Aigen Investment Management LP Acquires New Holdings in Fiserv, Inc. (NYSE:FI)

Aigen Investment Management LP purchased a new stake in Fiserv, Inc. (NYSE:FIFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,167 shares of the business services provider’s stock, valued at approximately $819,000.

Other institutional investors have also recently modified their holdings of the company. Canoe Financial LP acquired a new position in Fiserv in the 3rd quarter valued at $26,018,000. Signaturefd LLC boosted its stake in Fiserv by 5.6% in the 3rd quarter. Signaturefd LLC now owns 12,098 shares of the business services provider’s stock worth $1,367,000 after buying an additional 641 shares during the last quarter. Aspire Private Capital LLC increased its stake in shares of Fiserv by 10.0% during the 3rd quarter. Aspire Private Capital LLC now owns 7,241 shares of the business services provider’s stock valued at $818,000 after acquiring an additional 656 shares during the last quarter. Graybill Wealth Management LTD. lifted its holdings in shares of Fiserv by 1.2% during the 3rd quarter. Graybill Wealth Management LTD. now owns 38,377 shares of the business services provider’s stock worth $4,335,000 after acquiring an additional 455 shares during the period. Finally, Syon Capital LLC acquired a new position in Fiserv during the third quarter worth approximately $580,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FI has been the topic of several research reports. B. Riley increased their target price on Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. BMO Capital Markets raised their price target on shares of Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Susquehanna increased their price objective on shares of Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research report on Monday, March 25th. Citigroup upped their target price on Fiserv from $171.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Finally, KeyCorp lifted their price target on shares of Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Six equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $164.83.

Read Our Latest Research Report on FI

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 23,929 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $151.79, for a total transaction of $3,632,182.91. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last 90 days, insiders have sold 111,575 shares of company stock worth $17,022,387. 0.75% of the stock is owned by insiders.

Fiserv Price Performance

Shares of FI stock traded down $0.52 during midday trading on Wednesday, reaching $152.25. 383,366 shares of the company were exchanged, compared to its average volume of 2,505,401. The company’s 50 day moving average price is $153.46 and its two-hundred day moving average price is $142.70. The company has a market cap of $89.08 billion, a P/E ratio of 28.56, a PEG ratio of 1.22 and a beta of 0.92. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $159.99. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.06 and a current ratio of 1.06.

Fiserv (NYSE:FIGet Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.11. The company had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $1.58 EPS. On average, sell-side analysts expect that Fiserv, Inc. will post 8.69 earnings per share for the current year.

Fiserv Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Fiserv (NYSE:FI)

Receive News & Ratings for Fiserv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fiserv and related companies with MarketBeat.com's FREE daily email newsletter.