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

Dillon & Associates Inc. raised its stake in shares of Fiserv, Inc. (NYSE:FI) by 9.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 75,895 shares of the business services provider’s stock after purchasing an additional 6,486 shares during the period. Fiserv accounts for approximately 2.2% of Dillon & Associates Inc.’s investment portfolio, making the stock its 13th biggest position. Dillon & Associates Inc.’s holdings in Fiserv were worth $15,558,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Marshall Investment Management LLC bought a new position in shares of Fiserv in the 4th quarter worth about $29,000. Valley National Advisers Inc. bought a new position in shares of Fiserv in the 4th quarter worth about $29,000. Compass Financial Services Inc bought a new position in shares of Fiserv in the 4th quarter worth about $31,000. Campbell Capital Management Inc. bought a new position in shares of Fiserv in the 4th quarter worth about $37,000. Finally, Knuff & Co LLC bought a new position in shares of Fiserv in the 4th quarter worth about $45,000. 90.98% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were 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. The trade was a 16.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.75% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

FI has been the subject of several research reports. Wells Fargo & Company raised their target price on Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Royal Bank of Canada raised their target price on Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. The Goldman Sachs Group raised their target price on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Susquehanna raised their target price on Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a research note on Monday, February 10th. Finally, Citigroup raised their target price on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $239.83.

Fiserv Trading Down 1.7 %

NYSE:FI opened at $218.01 on Monday. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $122.37 billion, a PE ratio of 40.45, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. The firm’s 50 day moving average is $220.46 and its 200 day moving average is $206.46. Fiserv, Inc. has a 12 month low of $145.98 and a 12 month high of $238.59.

Fiserv (NYSE:FI) last posted its quarterly 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 net margin of 15.31% and a return on equity of 17.93%. Sell-side analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv declared that its Board of Directors has initiated a stock repurchase 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. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

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.