Fiserv, Inc. (NYSE:FI) Shares Purchased by TIAA Trust National Association

TIAA Trust National Association boosted its position in Fiserv, Inc. (NYSE:FI) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,931 shares of the business services provider’s stock after purchasing an additional 958 shares during the quarter. TIAA Trust National Association’s holdings in Fiserv were worth $2,862,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Valley National Advisers Inc. acquired a new stake in shares of Fiserv in the fourth quarter valued at about $29,000. Marshall Investment Management LLC purchased a new stake in Fiserv during the 4th quarter valued at about $29,000. Compass Financial Services Inc acquired a new stake in Fiserv in the 4th quarter valued at about $31,000. Campbell Capital Management Inc. purchased a new position in Fiserv in the 4th quarter worth approximately $37,000. Finally, Knuff & Co LLC acquired a new position in shares of Fiserv during the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

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 completion of the transaction, the chief operating officer now owns 227,711 shares in the company, 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 is available at this link. 0.75% of the stock is owned by corporate insiders.

Fiserv Stock Performance

NYSE:FI opened at $221.75 on Thursday. Fiserv, Inc. has a 52 week low of $145.98 and a 52 week high of $238.59. The company has a fifty day simple moving average of $221.58 and a two-hundred day simple moving average of $207.28. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The company has a market cap of $124.47 billion, a price-to-earnings ratio of 41.14, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93.

Fiserv (NYSE:FI) last released 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%. As a group, equities analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its board has approved a stock repurchase 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 typically a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FI. Citigroup lifted their price objective on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Barclays boosted their price target on shares of Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. The Goldman Sachs Group raised their price objective on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. StockNews.com lowered shares of Fiserv from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Morgan Stanley increased their price target on shares of Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and an average price target of $242.32.

About Fiserv

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.