152,297 Shares in Fiserv, Inc. (NYSE:FI) Purchased by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new position in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 152,297 shares of the business services provider’s stock, valued at approximately $20,231,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Comerica Bank purchased a new stake in Fiserv in the 2nd quarter valued at approximately $200,000. West Oak Capital LLC purchased a new stake in Fiserv in the 4th quarter valued at approximately $27,000. Fortitude Family Office LLC purchased a new stake in Fiserv in the 4th quarter valued at approximately $28,000. PCA Investment Advisory Services Inc. purchased a new stake in Fiserv in the 2nd quarter valued at approximately $27,000. Finally, Hollencrest Capital Management boosted its holdings in Fiserv by 75.8% in the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 0.3 %

Shares of NYSE FI traded up $0.49 during trading on Friday, hitting $159.82. 2,751,422 shares of the company traded hands, compared to its average volume of 2,615,147. Fiserv, Inc. has a 1 year low of $109.11 and a 1 year high of $159.99. The company has a 50-day moving average price of $148.20 and a 200-day moving average price of $132.39. The firm has a market capitalization of $94.36 billion, a P/E ratio of 31.96, a P/E/G ratio of 1.30 and a beta of 0.91. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.04. Fiserv had a net margin of 16.07% and a return on equity of 15.16%. The company had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.68 billion. During the same period in the previous year, the company earned $1.91 EPS. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, equities analysts predict that Fiserv, Inc. will post 8.62 EPS for the current year.

Insider Activity

In related news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $149.53, for a total transaction of $3,588,720.00. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,477,911.47. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 18.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FI. Evercore ISI reaffirmed an “outperform” rating and issued a $185.00 price objective on shares of Fiserv in a report on Tuesday. KeyCorp upgraded shares of Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 price target for the company in a research report on Monday, January 8th. StockNews.com assumed coverage on shares of Fiserv in a research report on Saturday, February 3rd. They set a “buy” rating for the company. BMO Capital Markets lifted their price objective on Fiserv from $152.00 to $157.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Finally, Barclays lifted their price objective on Fiserv from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, February 12th. Seven research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and an average target price of $155.83.

Fiserv 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.