182,338 Shares in Fiserv, Inc. (NYSE:FI) Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. purchased a new stake in Fiserv, Inc. (NYSE:FI) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 182,338 shares of the business services provider’s stock, valued at approximately $24,242,000.

Several other large investors have also recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. grew its position in shares of Fiserv by 2.2% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 57,966 shares of the business services provider’s stock valued at $6,548,000 after buying an additional 1,256 shares during the last quarter. Pinnacle Associates Ltd. boosted its holdings in Fiserv by 5.7% in the third quarter. Pinnacle Associates Ltd. now owns 14,110 shares of the business services provider’s stock valued at $1,594,000 after acquiring an additional 764 shares during the last quarter. FinTrust Capital Advisors LLC boosted its holdings in Fiserv by 121.2% in the third quarter. FinTrust Capital Advisors LLC now owns 1,219 shares of the business services provider’s stock valued at $138,000 after acquiring an additional 668 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Fiserv by 2.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 718,748 shares of the business services provider’s stock valued at $81,190,000 after purchasing an additional 15,425 shares during the period. Finally, Stratos Wealth Partners LTD. raised its holdings in Fiserv by 5.6% during 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 last quarter. Institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FI shares. KeyCorp increased their price objective on shares of Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Stephens reiterated an “equal weight” rating and set a $165.00 price target on shares of Fiserv in a report on Wednesday, April 24th. Citigroup boosted their price objective on Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. TD Cowen raised their target price on Fiserv from $167.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, Susquehanna lifted their target price on Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a report on Monday, March 25th. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.33.

Fiserv Trading Down 2.5 %

NYSE FI opened at $148.86 on Thursday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $87.10 billion, a P/E ratio of 27.82, a PEG ratio of 1.24 and a beta of 0.91. The business has a fifty day simple moving average of $152.79 and a 200 day simple moving average of $138.72. Fiserv, Inc. has a 12 month low of $109.11 and a 12 month high of $159.99.

Fiserv (NYSE:FI) last announced its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter in the prior year, the company posted $1.58 earnings per share. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, analysts predict that Fiserv, Inc. will post 8.69 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 63,646 shares of the company’s stock in a transaction that occurred 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 $25,209,646. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 111,575 shares of company stock valued at $17,022,387 in the last 90 days. 0.75% of the stock is currently owned by corporate 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.