Marshall Investment Management LLC Takes $29,000 Position in Fiserv, Inc. (NYSE:FI)

Marshall Investment Management LLC purchased a new stake in Fiserv, Inc. (NYSE:FI) during the 4th quarter, HoldingsChannel reports. The fund purchased 140 shares of the business services provider’s stock, valued at approximately $29,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Valley National Advisers Inc. bought a new stake in shares of Fiserv in the fourth quarter valued at approximately $29,000. Compass Financial Services Inc bought a new stake in shares of Fiserv in the fourth quarter valued at approximately $31,000. Kennebec Savings Bank bought a new stake in Fiserv during the 3rd quarter worth approximately $40,000. Roxbury Financial LLC bought a new stake in Fiserv during the 4th quarter worth approximately $50,000. Finally, Friedenthal Financial bought a new stake in Fiserv during the 4th quarter worth approximately $49,000. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $235.55, for a total value of $10,599,750.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Trading Down 0.8 %

Shares of FI opened at $232.47 on Friday. The stock has a market capitalization of $132.26 billion, a P/E ratio of 43.13, a PEG ratio of 1.52 and a beta of 0.94. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The firm has a fifty day simple moving average of $213.81 and a two-hundred day simple moving average of $198.56. Fiserv, Inc. has a twelve month low of $145.98 and a twelve month high of $237.99.

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, beating the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. On average, research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Oppenheimer increased their price target on shares of Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Compass Point assumed coverage on shares of Fiserv in a report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price target on the stock. Susquehanna increased their price target on shares of Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a report on Monday, February 10th. BMO Capital Markets increased their price target on shares of Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Finally, Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Two investment analysts have rated the stock with 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 presently has an average rating of “Buy” and a consensus target price 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.