Fiserv, Inc. (NYSE:FI) Position Boosted by SageView Advisory Group LLC

SageView Advisory Group LLC lifted its stake in Fiserv, Inc. (NYSE:FI) by 10.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,536 shares of the business services provider’s stock after acquiring an additional 150 shares during the quarter. SageView Advisory Group LLC’s holdings in Fiserv were worth $316,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Barclays PLC increased its stake in shares of Fiserv by 3.0% in the third quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock worth $302,737,000 after acquiring an additional 48,413 shares during the last quarter. Invst LLC purchased a new position in Fiserv in the third quarter valued at about $211,000. SkyView Investment Advisors LLC increased its position in Fiserv by 4.4% in the 3rd quarter. SkyView Investment Advisors LLC now owns 5,275 shares of the business services provider’s stock worth $948,000 after purchasing an additional 223 shares during the last quarter. Anchor Investment Management LLC raised its stake in shares of Fiserv by 1.4% during the 3rd quarter. Anchor Investment Management LLC now owns 35,463 shares of the business services provider’s stock worth $6,371,000 after purchasing an additional 497 shares in the last quarter. Finally, World Investment Advisors LLC lifted its holdings in shares of Fiserv by 1,469.7% during the 3rd quarter. World Investment Advisors LLC now owns 55,802 shares of the business services provider’s stock valued at $10,025,000 after buying an additional 52,247 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FI has been the topic of a number of research reports. Stephens increased their price objective on Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. The Goldman Sachs Group upgraded shares of Fiserv from a “neutral” rating to a “buy” rating and increased their price target for the stock from $246.00 to $260.00 in a research note on Wednesday, April 2nd. Susquehanna reduced their price objective on shares of Fiserv from $270.00 to $250.00 and set a “positive” rating for the company in a research note on Tuesday. Wells Fargo & Company increased their target price on shares of Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Morgan Stanley raised their target price on Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Fiserv has an average rating of “Moderate Buy” and an average target price of $238.48.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 45,000 shares of the 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 transaction, the chief operating officer now owns 227,711 shares of the company’s stock, valued at $53,637,326.05. This represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.75% of the stock is owned by company insiders.

Fiserv Stock Up 0.3 %

NYSE FI opened at $212.83 on Wednesday. Fiserv, Inc. has a twelve month low of $145.98 and a twelve month high of $238.59. The stock has a market cap of $118.88 billion, a PE ratio of 39.49, a PEG ratio of 1.52 and a beta of 0.91. The firm has a 50-day simple moving average of $220.58 and a 200 day simple moving average of $210.92. 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 announced its quarterly earnings data 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%. On average, research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv declared that its board has initiated a stock repurchase program on Thursday, February 20th that authorizes the company to buyback 60,000,000 shares. This buyback authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

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.