Tredje AP fonden Buys 15,147 Shares of Fiserv, Inc. (NYSE:FI)

Tredje AP fonden increased its stake in Fiserv, Inc. (NYSE:FI) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 389,195 shares of the business services provider’s stock after purchasing an additional 15,147 shares during the quarter. Tredje AP fonden’s holdings in Fiserv were worth $79,948,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Jacobi Capital Management LLC boosted its holdings in shares of Fiserv by 0.4% in the fourth quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider’s stock valued at $2,281,000 after purchasing an additional 44 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Fiserv by 1.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider’s stock valued at $841,000 after purchasing an additional 45 shares during the period. Catalina Capital Group LLC boosted its holdings in shares of Fiserv by 2.3% in the fourth quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider’s stock valued at $444,000 after purchasing an additional 48 shares during the period. Mount Yale Investment Advisors LLC lifted its holdings in Fiserv by 1.2% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock worth $848,000 after buying an additional 50 shares during the period. Finally, Hemington Wealth Management lifted its holdings in Fiserv by 6.1% during the fourth quarter. Hemington Wealth Management now owns 864 shares of the business services provider’s stock worth $177,000 after buying an additional 50 shares during the period. 90.98% of the stock is owned by institutional investors.

Fiserv Price Performance

NYSE FI opened at $211.10 on Thursday. 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’s fifty day moving average price is $218.77 and its 200 day moving average price is $204.05. Fiserv, Inc. has a 1 year low of $145.98 and a 1 year high of $238.59. The company has a market cap of $118.49 billion, a price-to-earnings ratio of 39.17, a PEG ratio of 1.52 and a beta of 0.93.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. As a group, equities research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its board has initiated a stock repurchase program on Thursday, February 20th that permits the company to buyback 60,000,000 outstanding shares. This buyback authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the stock in a transaction dated Thursday, February 20th. The stock was 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 of the company’s stock, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.75% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FI. The Goldman Sachs Group upped their target price on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Morgan Stanley upped their target price on Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. KeyCorp upped their target price on Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Barclays upped their target price on Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Finally, Stephens upped their price target on Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $239.83.

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.