Skopos Labs Inc. Invests $574,000 in Fiserv, Inc. (NYSE:FI)

Skopos Labs Inc. purchased a new position in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,322 shares of the business services provider’s stock, valued at approximately $574,000.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in Fiserv by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock valued at $5,705,241,000 after buying an additional 789,232 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Fiserv during the fourth quarter valued at about $960,592,000. Norges Bank purchased a new stake in Fiserv during the fourth quarter valued at about $874,377,000. Northern Trust Corp lifted its position in shares of Fiserv by 2.7% in the third quarter. Northern Trust Corp now owns 6,416,853 shares of the business services provider’s stock worth $724,848,000 after purchasing an additional 168,286 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Fiserv by 5.2% in the third quarter. Invesco Ltd. now owns 5,207,615 shares of the business services provider’s stock worth $588,252,000 after purchasing an additional 258,036 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

FI has been the topic of several analyst reports. Evercore ISI reiterated an “outperform” rating and set a $185.00 price target on shares of Fiserv in a report on Tuesday, March 26th. KeyCorp raised their price objective 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. Barclays raised their price objective on shares of Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Morgan Stanley raised their price objective on shares of Fiserv from $133.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Finally, TD Cowen raised their price objective on shares of Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.83.

Fiserv Trading Up 0.1 %

FI stock traded up $0.14 during midday trading on Friday, reaching $150.34. The stock had a trading volume of 1,579,942 shares, compared to its average volume of 2,305,582. The firm has a market cap of $87.96 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 1.21 and a beta of 0.92. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99. The business has a fifty day simple moving average of $153.50 and a two-hundred day simple moving average of $143.04. 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 (NYSE:FI) last posted 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. The company had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.58 EPS. As a group, research analysts expect that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

Insider Activity

In other news, COO Guy Chiarello sold 63,646 shares of Fiserv stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $154.00, for a total transaction of $9,801,484.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,209,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 111,575 shares of company stock worth $17,022,387 in the last 90 days. Corporate insiders own 0.75% of the company’s stock.

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.