BluePath Capital Management LLC Makes New Investment in Fiserv, Inc. (NYSE:FI)

BluePath Capital Management LLC bought a new stake in Fiserv, Inc. (NYSE:FI) in the fourth quarter, HoldingsChannel reports. The firm bought 1,083 shares of the business services provider’s stock, valued at approximately $218,000.

Several other hedge funds also recently made changes to their positions in the company. FMR LLC lifted its position in Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after buying an additional 1,427,664 shares during the period. Legal & General Group Plc increased its stake in shares of Fiserv by 1.9% in the 2nd quarter. Legal & General Group Plc now owns 4,612,789 shares of the business services provider’s stock worth $687,489,000 after acquiring an additional 85,598 shares in the last quarter. Sanders Capital LLC purchased a new position in Fiserv during the 3rd quarter valued at about $764,543,000. Blair William & Co. IL boosted its stake in Fiserv by 2.5% during the second quarter. Blair William & Co. IL now owns 2,171,391 shares of the business services provider’s stock worth $323,624,000 after acquiring an additional 52,748 shares in the last quarter. Finally, Barclays PLC grew its holdings in Fiserv by 3.0% in the third quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock worth $302,737,000 after purchasing an additional 48,413 shares during the period. 90.98% of the stock is currently owned by institutional investors.

Insider Activity at Fiserv

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total transaction of $4,468,394.81. Following the sale, the chief accounting officer now owns 38,771 shares in the company, valued at approximately $8,320,644.31. This trade represents a 34.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Heidi Miller sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the completion of the transaction, the director now owns 33,235 shares of the company’s stock, valued at approximately $6,684,555.55. The trade was a 47.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,821 shares of company stock worth $18,581,095. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FI. Barclays upped their price target on Fiserv from $185.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. BMO Capital Markets increased their target price on Fiserv from $222.00 to $232.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Jefferies Financial Group raised their price target on Fiserv from $195.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group upped their price target on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Finally, Morgan Stanley lifted their target price on shares of Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and a consensus target price of $223.17.

Fiserv Stock Performance

FI opened at $204.12 on Thursday. The company’s 50 day moving average is $209.69 and its 200 day moving average is $186.07. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.85. The company has a market cap of $116.13 billion, a price-to-earnings ratio of 39.25, a PEG ratio of 1.56 and a beta of 0.94. Fiserv, Inc. has a 12-month low of $135.97 and a 12-month high of $223.23.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The business had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter last year, the company posted $1.96 EPS. The company’s revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts predict that Fiserv, Inc. will post 8.77 EPS for the current year.

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.