OLD Second National Bank of Aurora Takes Position in Fiserv, Inc. (NYSE:FI)

OLD Second National Bank of Aurora acquired a new stake in Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,670 shares of the business services provider’s stock, valued at approximately $222,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Fiserv by 1.6% in the third quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock valued at $5,705,241,000 after purchasing an additional 789,232 shares during the period. State Street Corp lifted its stake in Fiserv by 4.1% in the first quarter. State Street Corp now owns 25,700,156 shares of the business services provider’s stock worth $2,904,889,000 after acquiring an additional 1,022,653 shares during the last quarter. Geode Capital Management LLC lifted its stake in Fiserv by 1.2% in the first quarter. Geode Capital Management LLC now owns 12,421,876 shares of the business services provider’s stock worth $1,400,906,000 after acquiring an additional 149,811 shares during the last quarter. Morgan Stanley lifted its stake in Fiserv by 131.3% in the fourth quarter. Morgan Stanley now owns 9,980,646 shares of the business services provider’s stock worth $1,008,744,000 after acquiring an additional 5,666,145 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in Fiserv by 14.1% in the second quarter. Nuveen Asset Management LLC now owns 6,606,698 shares of the business services provider’s stock worth $833,435,000 after acquiring an additional 817,660 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of NYSE FI opened at $146.91 on Friday. The firm has a market capitalization of $86.49 billion, a P/E ratio of 29.38, a PEG ratio of 1.20 and a beta of 0.91. Fiserv, Inc. has a one year low of $109.11 and a one year high of $159.99. The company’s fifty day moving average is $151.72 and its two-hundred day moving average is $136.10. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 1.04.

Fiserv (NYSE:FI) last released its quarterly earnings data on Tuesday, February 6th. The business services provider reported $2.19 EPS for the quarter, topping 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 business had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same period in the previous year, the firm earned $1.91 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. Analysts forecast that Fiserv, Inc. will post 8.63 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 63,646 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $154.00, for a total value of $9,801,484.00. Following the sale, the chief operating officer now directly owns 163,699 shares in the company, valued at approximately $25,209,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 111,575 shares of company stock worth $17,022,387 in the last three months. Corporate insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Robert W. Baird lifted their price target on shares of Fiserv from $168.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. KeyCorp raised shares of Fiserv from a “sector weight” rating to an “overweight” rating and set a $180.00 price objective on the stock in a report on Monday, January 8th. StockNews.com assumed coverage on shares of Fiserv in a report on Saturday, February 3rd. They set a “buy” rating on the stock. Oppenheimer raised shares of Fiserv from a “market perform” rating to an “outperform” rating and set a $168.00 price objective on the stock in a report on Thursday, January 11th. Finally, BMO Capital Markets raised their price objective on shares of Fiserv from $152.00 to $157.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Six investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and a consensus price target of $158.21.

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.