Schroder Investment Management Group Acquires 15,796 Shares of Fiserv, Inc. (NYSE:FI)

Schroder Investment Management Group lifted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 3.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 422,954 shares of the business services provider’s stock after purchasing an additional 15,796 shares during the period. Schroder Investment Management Group’s holdings in Fiserv were worth $86,883,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Czech National Bank increased its holdings in shares of Fiserv by 5.2% in the fourth quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock worth $25,339,000 after buying an additional 6,072 shares during the period. Chiron Investment Management LLC purchased a new position in Fiserv in the 3rd quarter worth approximately $4,709,000. Trust Co. of Vermont lifted its position in Fiserv by 170.4% in the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock valued at $1,405,000 after purchasing an additional 4,310 shares during the last quarter. Cardano Risk Management B.V. purchased a new stake in shares of Fiserv during the fourth quarter valued at approximately $97,254,000. Finally, M&T Bank Corp grew its holdings in shares of Fiserv by 12.0% in the third quarter. M&T Bank Corp now owns 140,460 shares of the business services provider’s stock worth $25,234,000 after purchasing an additional 15,103 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insiders Place Their Bets

In related news, COO Guy Chiarello sold 45,000 shares of the firm’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 completion of the sale, the chief operating officer now owns 227,711 shares of the company’s stock, valued at $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Down 1.4 %

FI stock opened at $216.15 on Monday. The business has a 50 day moving average of $222.00 and a 200 day moving average of $208.17. The firm has a market cap of $121.32 billion, a PE ratio of 40.10, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. Fiserv, Inc. has a twelve month low of $145.98 and a twelve month high of $238.59. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI) last issued 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 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 fiscal year.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on FI shares. BMO Capital Markets upped their price target on shares of Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. KeyCorp upped their price target on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Oppenheimer lifted their price objective on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Finally, Stephens upped their target price on Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Two investment 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. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target 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.