Pacer Advisors Inc. Purchases 17,462 Shares of Fiserv, Inc. (NYSE:FI)

Pacer Advisors Inc. lifted its position in shares of Fiserv, Inc. (NYSE:FI) by 38.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,455 shares of the business services provider’s stock after acquiring an additional 17,462 shares during the quarter. Pacer Advisors Inc.’s holdings in Fiserv were worth $9,308,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in shares of Fiserv by 0.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 44,720,962 shares of the business services provider’s stock worth $7,147,305,000 after acquiring an additional 417,459 shares during the last quarter. Capital World Investors increased its holdings in Fiserv by 7.4% in the first quarter. Capital World Investors now owns 18,840,137 shares of the business services provider’s stock valued at $3,011,031,000 after purchasing an additional 1,303,078 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Fiserv by 0.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,173,941 shares of the business services provider’s stock valued at $1,069,204,000 after purchasing an additional 64,332 shares during the last quarter. Veritas Asset Management LLP bought a new stake in Fiserv in the fourth quarter valued at about $927,298,000. Finally, Parnassus Investments LLC bought a new stake in Fiserv in the fourth quarter valued at about $900,674,000. Institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. BTIG Research assumed coverage on Fiserv in a report on Wednesday, August 28th. They issued a “buy” rating and a $200.00 price objective for the company. Royal Bank of Canada upped their price objective on Fiserv from $180.00 to $183.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Wells Fargo & Company boosted their target price on Fiserv from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. KeyCorp boosted their target price on Fiserv from $170.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Finally, Morgan Stanley raised Fiserv from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $154.00 to $175.00 in a research note on Monday, July 22nd. Six equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.88.

Fiserv Stock Performance

FI opened at $179.27 on Tuesday. Fiserv, Inc. has a 52-week low of $109.11 and a 52-week high of $179.53. The firm has a market capitalization of $104.89 billion, a PE ratio of 33.51, a PEG ratio of 1.38 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.06 and a current ratio of 1.06. The business’s 50-day simple moving average is $166.70 and its 200 day simple moving average is $157.03.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, July 24th. The business services provider reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.03. Fiserv had a return on equity of 16.41% and a net margin of 17.45%. The business had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.81 billion. During the same quarter in the prior year, the company posted $1.81 earnings per share. Fiserv’s revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts expect that Fiserv, Inc. will post 8.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Fiserv

In other Fiserv news, CEO Frank Bisignano sold 145,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the sale, the chief executive officer now owns 2,965,084 shares in the company, valued at $525,916,949.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $154.86, for a total value of $3,716,640.00. Following the sale, the chief operating officer now owns 163,699 shares in the company, valued at $25,350,427.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Frank Bisignano sold 145,000 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $177.37, for a total value of $25,718,650.00. Following the transaction, the chief executive officer now owns 2,965,084 shares in the company, valued at approximately $525,916,949.08. The disclosure for this sale can be found here. Insiders have sold 211,890 shares of company stock worth $36,572,057 over the last 90 days. Company insiders own 0.75% of the company’s stock.

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.