Maryland State Retirement & Pension System Acquires New Position in Fiserv, Inc. (NYSE:FI)

Maryland State Retirement & Pension System acquired a new stake in shares of Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 46,542 shares of the business services provider’s stock, valued at approximately $6,183,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stratos Wealth Partners LTD. lifted its stake in shares of Fiserv by 5.6% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 8,363 shares of the business services provider’s stock worth $945,000 after purchasing an additional 441 shares during the period. Everhart Financial Group Inc. lifted its stake in shares of Fiserv by 11.0% in the 3rd quarter. Everhart Financial Group Inc. now owns 1,858 shares of the business services provider’s stock worth $210,000 after purchasing an additional 184 shares during the period. Lindbrook Capital LLC lifted its stake in shares of Fiserv by 2.4% in the 3rd quarter. Lindbrook Capital LLC now owns 5,338 shares of the business services provider’s stock worth $603,000 after purchasing an additional 127 shares during the period. WealthShield Partners LLC lifted its stake in shares of Fiserv by 6.3% in the 3rd quarter. WealthShield Partners LLC now owns 11,476 shares of the business services provider’s stock worth $1,296,000 after purchasing an additional 685 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Fiserv by 3.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 302,164 shares of the business services provider’s stock worth $34,132,000 after purchasing an additional 9,597 shares during the period. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

FI has been the topic of a number of recent analyst reports. KeyCorp raised their target price 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. Stephens reissued an “equal weight” rating and set a $165.00 price target on shares of Fiserv in a report on Wednesday, April 24th. BMO Capital Markets upped their target price on shares of Fiserv from $163.00 to $168.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. B. Riley boosted their price target on shares of Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, Citigroup increased their price target on Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $164.33.

Fiserv Trading Up 0.9 %

FI traded up $1.37 on Monday, reaching $150.59. 2,132,449 shares of the company traded hands, compared to its average volume of 2,567,719. The company has a market cap of $88.11 billion, a P/E ratio of 28.15, a price-to-earnings-growth ratio of 1.20 and a beta of 0.92. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99. The firm has a fifty day simple moving average of $152.73 and a two-hundred day simple moving average of $139.66.

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

Insider Activity at Fiserv

In other news, COO Guy Chiarello sold 63,646 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total value of $9,801,484.00. Following the completion of the transaction, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $25,209,646. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 111,575 shares of company stock valued at $17,022,387 over the last ninety days. 0.75% of the stock is owned by company insiders.

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.