Banco Santander S.A. Invests $206,000 in Fiserv, Inc. (NYSE:FI)

Banco Santander S.A. acquired a new stake in Fiserv, Inc. (NYSE:FI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,384 shares of the business services provider’s stock, valued at approximately $206,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Shields & Co. LLC acquired a new position in shares of Fiserv during the first quarter worth approximately $25,000. GW&K Investment Management LLC acquired a new position in Fiserv during the 4th quarter worth $27,000. RE Dickinson Investment Advisors LLC bought a new position in shares of Fiserv in the fourth quarter worth $27,000. Private Wealth Management Group LLC acquired a new position in shares of Fiserv during the fourth quarter valued at $30,000. Finally, Family Firm Inc. bought a new stake in shares of Fiserv during the second quarter valued at about $31,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Trading Up 0.6 %

NYSE FI traded up $1.10 on Thursday, hitting $172.93. 1,999,765 shares of the stock were exchanged, compared to its average volume of 2,482,233. The company’s 50-day moving average price is $157.98 and its two-hundred day moving average price is $153.73. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.06 and a quick ratio of 1.06. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $173.49. The company has a market capitalization of $101.18 billion, a price-to-earnings ratio of 32.33, a P/E/G ratio of 1.31 and a beta of 0.92.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping the consensus estimate of $2.10 by $0.03. The business had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. 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. Research analysts predict that Fiserv, Inc. will post 8.73 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on FI shares. TD Cowen increased their target price on shares of Fiserv from $175.00 to $182.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Citigroup upgraded shares of Fiserv to a “strong-buy” rating in a research note on Thursday, July 25th. StockNews.com raised Fiserv from a “hold” rating to a “buy” rating in a report on Wednesday, June 26th. JPMorgan Chase & Co. increased their price target on Fiserv from $176.00 to $199.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Finally, Royal Bank of Canada boosted their price objective on Fiserv from $180.00 to $183.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Five investment 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. According to MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.32.

Insider Activity

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $148.47, for a total value of $3,563,280.00. Following the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $24,304,390.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP John Gibbons sold 18,890 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $168.21, for a total transaction of $3,177,486.90. Following the completion of the sale, the executive vice president now directly owns 28,323 shares of the company’s stock, valued at approximately $4,764,211.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Guy Chiarello sold 24,000 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $148.47, for a total value of $3,563,280.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,304,390.53. The disclosure for this sale can be found here. Insiders have sold 93,690 shares of company stock worth $14,833,215 in the last 90 days. Company 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.