Dillon & Associates Inc. Buys 6,486 Shares of Fiserv, Inc. (NYSE:FI)

Dillon & Associates Inc. increased its stake in shares of Fiserv, Inc. (NYSE:FI) by 9.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 75,895 shares of the business services provider’s stock after acquiring an additional 6,486 shares during the period. Fiserv comprises approximately 2.2% of Dillon & Associates Inc.’s investment portfolio, making the stock its 13th largest holding. Dillon & Associates Inc.’s holdings in Fiserv were worth $15,558,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. FMR LLC raised its stake in Fiserv by 17.8% in the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after buying an additional 1,427,664 shares during the period. Sanders Capital LLC bought a new stake in Fiserv in the third quarter valued at approximately $764,543,000. Bank of New York Mellon Corp raised its stake in Fiserv by 4.7% in the fourth quarter. Bank of New York Mellon Corp now owns 3,711,072 shares of the business services provider’s stock valued at $762,328,000 after buying an additional 164,949 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Fiserv by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,620,785 shares of the business services provider’s stock valued at $743,782,000 after buying an additional 90,475 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Fiserv in the fourth quarter valued at approximately $614,982,000. Institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

FI has been the topic of several research analyst reports. Morgan Stanley upped their price objective on Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Barclays increased their target price on Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods increased their target price on Fiserv from $238.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. StockNews.com lowered Fiserv from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company increased their target price on Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and a consensus price target of $239.83.

Fiserv Trading Down 1.7 %

Shares of FI stock opened at $218.01 on Monday. The stock’s fifty day moving average price is $220.46 and its two-hundred day moving average price is $206.46. The company has a market cap of $122.37 billion, a PE ratio of 40.45, a P/E/G ratio of 1.52 and a beta of 0.93. Fiserv, Inc. has a fifty-two week low of $145.98 and a fifty-two week high of $238.59. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. Equities analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

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

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction on 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 owns 227,711 shares of the company’s stock, valued at $53,637,326.05. This trade represents a 16.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.75% of the stock is currently owned by company 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.