Oribel Capital Management LP Invests $22.20 Million in Fiserv, Inc. (NYSE:FI)

Oribel Capital Management LP acquired a new position in Fiserv, Inc. (NYSE:FIFree Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 167,100 shares of the business services provider’s stock, valued at approximately $22,198,000. Fiserv makes up about 1.5% of Oribel Capital Management LP’s investment portfolio, making the stock its 15th largest position.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Jacobi Capital Management LLC grew its holdings in Fiserv by 0.9% during the 3rd quarter. Jacobi Capital Management LLC now owns 10,099 shares of the business services provider’s stock worth $1,141,000 after acquiring an additional 94 shares during the last quarter. UniSuper Management Pty Ltd grew its holdings in Fiserv by 2.3% during the 3rd quarter. UniSuper Management Pty Ltd now owns 4,500 shares of the business services provider’s stock worth $508,000 after acquiring an additional 100 shares during the last quarter. Hollencrest Capital Management grew its holdings in Fiserv by 75.8% during the 3rd quarter. Hollencrest Capital Management now owns 232 shares of the business services provider’s stock worth $26,000 after acquiring an additional 100 shares during the last quarter. Wealthsource Partners LLC grew its holdings in Fiserv by 2.7% during the 3rd quarter. Wealthsource Partners LLC now owns 3,915 shares of the business services provider’s stock worth $442,000 after acquiring an additional 102 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in Fiserv by 3.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 3,724 shares of the business services provider’s stock worth $421,000 after acquiring an additional 117 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Barclays upped their target price on shares of Fiserv from $165.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. BMO Capital Markets increased their price target on shares of Fiserv from $163.00 to $168.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. KeyCorp increased their target price on Fiserv from $160.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Robert W. Baird increased their target price on Fiserv from $185.00 to $186.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Finally, UBS Group increased their target price on Fiserv from $170.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. 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 stock currently has an average rating of “Moderate Buy” and an average target price of $164.83.

View Our Latest Research Report on FI

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 23,929 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $151.79, for a total value of $3,632,182.91. Following the completion of the transaction, the chief operating officer now owns 163,699 shares of the company’s stock, valued at $24,847,871.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 111,575 shares of company stock valued at $17,022,387 over the last quarter. 0.75% of the stock is owned by corporate insiders.

Fiserv Stock Performance

Shares of FI traded down $1.31 during midday trading on Tuesday, reaching $148.29. 783,333 shares of the stock were exchanged, compared to its average volume of 2,460,614. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $159.99. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The company has a market cap of $86.76 billion, a P/E ratio of 27.64, a PEG ratio of 1.22 and a beta of 0.93. The stock’s 50 day simple moving average is $151.79 and its 200 day simple moving average is $145.36.

Fiserv (NYSE:FIGet Free Report) last posted its earnings results on Tuesday, April 23rd. The business services provider reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.11. Fiserv had a return on equity of 15.73% and a net margin of 16.68%. The company had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.57 billion. During the same quarter last year, the firm earned $1.58 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis. On average, sell-side analysts expect that Fiserv, Inc. will post 8.69 earnings per share for the current year.

Fiserv Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Fiserv (NYSE:FI)

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