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

Syon Capital LLC bought a new stake in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 5,264 shares of the business services provider’s stock, valued at approximately $699,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Two Point Capital Management Inc. purchased a new stake in Fiserv during the 4th quarter valued at $6,460,000. Meritage Portfolio Management purchased a new position in shares of Fiserv during the fourth quarter valued at about $995,000. Pittenger & Anderson Inc. bought a new position in Fiserv in the fourth quarter worth about $400,079,000. Bank of New Hampshire purchased a new stake in Fiserv in the fourth quarter worth about $94,000. Finally, Eley Financial Management Inc bought a new position in shares of Fiserv in the 4th quarter worth approximately $4,952,000. 90.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FI has been the subject of a number of research analyst reports. Robert W. Baird lifted their price target on shares of Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a research note on Wednesday. B. Riley raised their price target on Fiserv from $176.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday. Susquehanna raised their target price on Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research report on Monday, March 25th. UBS Group increased their price target on shares of Fiserv from $170.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Citigroup boosted their price objective on shares of Fiserv from $171.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and a consensus price target of $164.33.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred 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 in the company, valued at approximately $24,477,911.47. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 111,575 shares of company stock worth $17,022,387 in the last 90 days. Insiders own 0.75% of the company’s stock.

Fiserv Stock Up 1.7 %

Shares of FI traded up $2.60 during midday trading on Friday, reaching $155.89. 3,196,489 shares of the stock were exchanged, compared to its average volume of 2,565,702. The company has a market capitalization of $91.78 billion, a P/E ratio of 28.65, a PEG ratio of 1.24 and a beta of 0.91. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 0.81. Fiserv, Inc. has a 52 week low of $109.11 and a 52 week high of $159.99. The company’s 50 day moving average is $152.39 and its two-hundred day moving average is $137.45.

Fiserv (NYSE:FI) last posted its quarterly 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. The business had revenue of $4.88 billion during the quarter, compared to analyst estimates of $4.57 billion. Fiserv had a net margin of 16.68% and a return on equity of 15.73%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.58 EPS. On average, sell-side analysts anticipate that Fiserv, Inc. will post 8.67 earnings per share for the current year.

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.