Woodline Partners LP Makes New Investment in Fiserv, Inc. (NYSE:FI)

Woodline Partners LP acquired a new stake in shares of Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 34,166 shares of the business services provider’s stock, valued at approximately $7,018,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC purchased a new stake in shares of Fiserv during the 4th quarter worth approximately $257,000. Principal Financial Group Inc. raised its stake in Fiserv by 0.8% during the fourth quarter. Principal Financial Group Inc. now owns 929,193 shares of the business services provider’s stock valued at $190,875,000 after purchasing an additional 7,183 shares in the last quarter. USAdvisors Wealth Management LLC bought a new position in Fiserv during the fourth quarter valued at $322,000. Centricity Wealth Management LLC purchased a new position in shares of Fiserv in the 4th quarter worth $79,000. Finally, E. Ohman J or Asset Management AB increased its holdings in shares of Fiserv by 9.0% in the 4th quarter. E. Ohman J or Asset Management AB now owns 26,100 shares of the business services provider’s stock worth $5,361,000 after buying an additional 2,150 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on FI shares. Monness Crespi & Hardt downgraded Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 target price on the stock. in a research report on Wednesday, April 9th. Barclays cut their price objective on shares of Fiserv from $265.00 to $230.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. JPMorgan Chase & Co. lowered their target price on shares of Fiserv from $211.00 to $210.00 and set an “overweight” rating for the company in a report on Monday, May 19th. Keefe, Bruyette & Woods cut their price target on shares of Fiserv from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Susquehanna reduced their price objective on shares of Fiserv from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $224.20.

Fiserv Trading Down 1.4%

NYSE FI opened at $159.02 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $88.17 billion, a P/E ratio of 29.50, a P/E/G ratio of 1.52 and a beta of 0.97. Fiserv, Inc. has a 52-week low of $146.25 and a 52-week high of $238.59. The firm has a 50-day moving average price of $197.21 and a 200 day moving average price of $208.97.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.06. The business had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.86 billion. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.88 EPS. Equities research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its Board of Directors has approved a share repurchase plan on Thursday, February 20th that authorizes the company to buyback 60,000,000 outstanding shares. This buyback authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

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.