Traders Purchase Large Volume of Fiserv Call Options (NYSE:FI)

Fiserv, Inc. (NYSE:FI) was the recipient of some unusual options trading on Wednesday. Traders bought 60,862 call options on the stock. This represents an increase of 468% compared to the average daily volume of 10,717 call options.

Hedge Funds Weigh In On Fiserv

Hedge funds have recently made changes to their positions in the stock. Sound Income Strategies LLC bought a new position in shares of Fiserv during the third quarter worth about $28,000. Activest Wealth Management increased its holdings in Fiserv by 3,150.0% in the first quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after purchasing an additional 126 shares in the last quarter. True Wealth Design LLC increased its holdings in Fiserv by 3,750.0% in the third quarter. True Wealth Design LLC now owns 231 shares of the business services provider’s stock worth $30,000 after purchasing an additional 225 shares in the last quarter. Hager Investment Management Services LLC bought a new stake in Fiserv in the second quarter worth approximately $34,000. Finally, Clear Street LLC bought a new stake in Fiserv in the second quarter worth approximately $34,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Price Performance

Shares of FI opened at $64.96 on Friday. Fiserv has a 1 year low of $64.52 and a 1 year high of $238.59. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.08 and a quick ratio of 1.09. The company has a market capitalization of $35.31 billion, a price-to-earnings ratio of 10.04, a price-to-earnings-growth ratio of 0.56 and a beta of 0.95. The business has a 50-day moving average of $127.66 and a 200-day moving average of $152.79.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. Fiserv had a return on equity of 19.47% and a net margin of 17.05%.The company had revenue of $4.32 billion during the quarter. As a group, equities research analysts anticipate that Fiserv will post 10.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Morgan Stanley set a $81.00 target price on Fiserv and gave the company an “equal weight” rating in a research report on Thursday. The Goldman Sachs Group downgraded Fiserv from a “buy” rating to a “neutral” rating and dropped their target price for the company from $149.00 to $79.00 in a research report on Thursday. Compass Point downgraded Fiserv from a “strong-buy” rating to a “neutral” rating and set a $127.50 target price for the company. in a research report on Wednesday. KeyCorp reiterated a “sector weight” rating on shares of Fiserv in a research report on Thursday. Finally, JPMorgan Chase & Co. dropped their target price on Fiserv from $155.00 to $85.00 and set an “overweight” rating for the company in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $131.95.

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.