Orion Portfolio Solutions LLC Has $87.37 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Orion Portfolio Solutions LLC grew its position in shares of Fiserv, Inc. (NYSE:FI) by 935.6% in the fourth quarter, HoldingsChannel reports. The fund owned 425,336 shares of the business services provider’s stock after acquiring an additional 384,263 shares during the period. Fiserv makes up 0.9% of Orion Portfolio Solutions LLC’s portfolio, making the stock its 13th largest position. Orion Portfolio Solutions LLC’s holdings in Fiserv were worth $87,373,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Pictet Asset Management Holding SA grew its position in shares of Fiserv by 4.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 2,224,227 shares of the business services provider’s stock valued at $456,901,000 after acquiring an additional 89,228 shares during the period. New Age Alpha Advisors LLC grew its holdings in Fiserv by 16,700.0% during the fourth quarter. New Age Alpha Advisors LLC now owns 17,472 shares of the business services provider’s stock worth $3,589,000 after purchasing an additional 17,368 shares during the period. Norges Bank acquired a new position in Fiserv during the fourth quarter worth approximately $1,406,452,000. NEOS Investment Management LLC raised its stake in Fiserv by 31.6% in the fourth quarter. NEOS Investment Management LLC now owns 36,294 shares of the business services provider’s stock valued at $7,456,000 after buying an additional 8,711 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Fiserv by 7.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 907,796 shares of the business services provider’s stock valued at $189,339,000 after buying an additional 59,434 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Fiserv Trading Down 1.1 %

Shares of Fiserv stock opened at $219.32 on Friday. The firm’s 50 day moving average is $221.85 and its 200 day moving average is $207.36. The firm has a market capitalization of $123.10 billion, a PE ratio of 40.69, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. Fiserv, Inc. has a 1 year low of $145.98 and a 1 year high of $238.59. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI) last posted its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share 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%. Equities research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its Board of Directors has approved a share repurchase program on Thursday, February 20th that allows the company to buyback 60,000,000 outstanding shares. This buyback authorization allows the business services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the business’s stock in a transaction that occurred 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 directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Keefe, Bruyette & Woods raised their price target on Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Citigroup raised their target price on shares of Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. The Goldman Sachs Group upped their price target on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Stephens raised their price objective on shares of Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Oppenheimer upped their target price on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $242.32.

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.