Schonfeld Strategic Advisors LLC Has $32.16 Million Stake in Fiserv, Inc. (NYSE:FI)

Schonfeld Strategic Advisors LLC increased its stake in shares of Fiserv, Inc. (NYSE:FI) by 508.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 156,538 shares of the business services provider’s stock after acquiring an additional 130,807 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in Fiserv were worth $32,156,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in FI. Norges Bank acquired a new position in Fiserv during the 4th quarter valued at $1,406,452,000. Raymond James Financial Inc. acquired a new position in Fiserv during the 4th quarter valued at $614,982,000. Kovitz Investment Group Partners LLC raised its stake in Fiserv by 343.7% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,806,579 shares of the business services provider’s stock valued at $576,527,000 after purchasing an additional 2,174,025 shares during the last quarter. Alliancebernstein L.P. raised its stake in Fiserv by 65.6% during the 4th quarter. Alliancebernstein L.P. now owns 5,437,246 shares of the business services provider’s stock valued at $1,116,919,000 after purchasing an additional 2,153,554 shares during the last quarter. Finally, FMR LLC raised its stake in Fiserv by 22.5% during the 4th quarter. FMR LLC now owns 11,568,895 shares of the business services provider’s stock valued at $2,376,482,000 after purchasing an additional 2,126,419 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Up 0.2 %

Shares of NYSE:FI opened at $177.89 on Tuesday. Fiserv, Inc. has a one year low of $146.25 and a one year high of $238.59. The company has a 50 day moving average of $214.91 and a 200-day moving average of $212.03. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The stock has a market cap of $99.36 billion, a price-to-earnings ratio of 33.00, a P/E/G ratio of 1.52 and a beta of 0.91.

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

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on FI shares. Keefe, Bruyette & Woods dropped their price objective on shares of Fiserv from $260.00 to $240.00 and set an “outperform” rating for the company in a research note on Friday. StockNews.com started coverage on shares of Fiserv in a research note on Sunday, March 23rd. They issued a “buy” rating for the company. BMO Capital Markets dropped their price objective on shares of Fiserv from $254.00 to $232.00 and set an “outperform” rating for the company in a research note on Friday. Royal Bank of Canada set a $237.00 price objective on shares of Fiserv in a research note on Friday. Finally, Barclays dropped their target price on shares of Fiserv from $265.00 to $230.00 and set an “overweight” rating for the company in a research report on Monday. Two analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $230.00.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the sale, the chief operating officer now directly owns 227,711 shares in the company, valued at $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.75% of the stock is owned by insiders.

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.