Longbow Finance SA Purchases 718 Shares of Fiserv, Inc. (NYSE:FI)

Longbow Finance SA raised its holdings in shares of Fiserv, Inc. (NYSE:FI) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,157 shares of the business services provider’s stock after buying an additional 718 shares during the period. Longbow Finance SA’s holdings in Fiserv were worth $3,114,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Fiserv by 46.4% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 4,867 shares of the business services provider’s stock valued at $874,000 after purchasing an additional 1,542 shares during the period. Allworth Financial LP raised its position in Fiserv by 11.9% during the 3rd quarter. Allworth Financial LP now owns 4,808 shares of the business services provider’s stock valued at $864,000 after purchasing an additional 510 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Fiserv by 16.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 55,801 shares of the business services provider’s stock worth $10,025,000 after buying an additional 7,817 shares during the period. PFG Investments LLC grew its position in shares of Fiserv by 2.7% during the 3rd quarter. PFG Investments LLC now owns 2,807 shares of the business services provider’s stock worth $504,000 after buying an additional 73 shares in the last quarter. Finally, Boston Trust Walden Corp grew its position in shares of Fiserv by 5.6% during the 3rd quarter. Boston Trust Walden Corp now owns 6,308 shares of the business services provider’s stock worth $1,133,000 after buying an additional 333 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

NYSE:FI opened at $231.83 on Tuesday. The firm’s fifty day moving average is $214.38 and its two-hundred day moving average is $199.36. The firm has a market cap of $130.12 billion, a price-to-earnings ratio of 43.01, a PEG ratio of 1.52 and a beta of 0.94. 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, Inc. has a one year low of $145.98 and a one year high of $237.99.

Fiserv (NYSE:FI) last posted its earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, topping 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%. Research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its board has initiated a share repurchase 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. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

FI has been the subject of several recent research reports. Wells Fargo & Company lifted their price objective on Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Keefe, Bruyette & Woods boosted their price target on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. The Goldman Sachs Group lifted their price objective on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. BMO Capital Markets upped their target price on Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Finally, Royal Bank of Canada lifted their price target on Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $239.83.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 45,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was 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 approximately $53,637,326.05. This represents a 16.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.75% of the stock is currently owned by insiders.

Fiserv Company 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.