Fiserv, Inc. (NYSE:FI) Shares Purchased by Signaturefd LLC

Signaturefd LLC boosted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,967 shares of the business services provider’s stock after acquiring an additional 363 shares during the quarter. Signaturefd LLC’s holdings in Fiserv were worth $2,664,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FI. Marshall Investment Management LLC acquired a new stake in shares of Fiserv during the 4th quarter worth about $29,000. Valley National Advisers Inc. purchased a new position in Fiserv during the fourth quarter worth about $29,000. Compass Financial Services Inc acquired a new stake in shares of Fiserv during the fourth quarter valued at about $31,000. Campbell Capital Management Inc. purchased a new stake in shares of Fiserv in the 4th quarter valued at approximately $37,000. Finally, Knuff & Co LLC acquired a new position in shares of Fiserv in the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of NYSE:FI opened at $218.05 on Tuesday. Fiserv, Inc. has a 12 month low of $145.98 and a 12 month high of $238.59. The firm has a market capitalization of $122.39 billion, a P/E ratio of 40.45, a P/E/G ratio of 1.52 and a beta of 0.93. 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 company’s fifty day moving average price is $219.21 and its 200 day moving average price is $205.19.

Fiserv (NYSE:FI) last posted its earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, topping 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%. As a group, sell-side analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its Board of Directors has initiated a stock buyback plan on Thursday, February 20th that authorizes the company to repurchase 60,000,000 outstanding shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wells Fargo & Company boosted their target price on Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. KeyCorp increased their target price on Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods lifted their target price on Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. StockNews.com cut shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Morgan Stanley lifted their price objective on shares of Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Three equities research 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 an average price target of $239.83.

Insider Activity

In other news, COO Guy Chiarello sold 45,000 shares of the company’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 represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.