Vinva Investment Management Ltd Buys 3,881 Shares of Fiserv, Inc. (NYSE:FI)

Vinva Investment Management Ltd raised its holdings in Fiserv, Inc. (NYSE:FI) by 15.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 28,777 shares of the business services provider’s stock after buying an additional 3,881 shares during the period. Vinva Investment Management Ltd’s holdings in Fiserv were worth $5,936,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FI. Generali Asset Management SPA SGR acquired a new position in Fiserv in the 4th quarter valued at about $9,440,000. Evoke Wealth LLC boosted its holdings in Fiserv by 7.5% in the 4th quarter. Evoke Wealth LLC now owns 9,362 shares of the business services provider’s stock valued at $1,923,000 after purchasing an additional 654 shares during the period. Horizon Investments LLC lifted its holdings in shares of Fiserv by 1.0% during the 4th quarter. Horizon Investments LLC now owns 7,906 shares of the business services provider’s stock worth $1,624,000 after acquiring an additional 77 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Fiserv by 6.7% during the 4th quarter. Advisors Asset Management Inc. now owns 62,805 shares of the business services provider’s stock worth $12,901,000 after acquiring an additional 3,919 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Fiserv by 22.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 233,329 shares of the business services provider’s stock worth $48,201,000 after acquiring an additional 42,706 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Morgan Stanley upped their price objective on shares of Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Susquehanna upped their price objective on shares of Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a research report on Monday, February 10th. Oppenheimer upped their price target on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Finally, Royal Bank of Canada upped their price target on shares of Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $239.83.

Fiserv Trading Down 0.6 %

FI stock opened at $216.77 on Wednesday. Fiserv, Inc. has a 1-year low of $145.98 and a 1-year high of $238.59. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The company has a market capitalization of $121.67 billion, a price-to-earnings ratio of 40.22, a PEG ratio of 1.52 and a beta of 0.93. The business has a 50 day simple moving average of $219.47 and a two-hundred day simple moving average of $205.48.

Fiserv (NYSE:FI) last released 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%. Research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its Board of Directors has approved a stock buyback plan on Thursday, February 20th that allows the company to repurchase 60,000,000 outstanding shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the company’s stock in a transaction on 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 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.75% of the stock is currently owned by corporate insiders.

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.