B. Metzler seel. Sohn & Co. AG Acquires 1,347 Shares of Fiserv, Inc. (NYSE:FI)

B. Metzler seel. Sohn & Co. AG increased its stake in Fiserv, Inc. (NYSE:FI) by 4.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,392 shares of the business services provider’s stock after acquiring an additional 1,347 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Fiserv were worth $6,449,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FI. Seven Mile Advisory acquired a new position in Fiserv during the 4th quarter valued at about $246,000. Summit Financial LLC lifted its holdings in shares of Fiserv by 30.7% in the fourth quarter. Summit Financial LLC now owns 5,520 shares of the business services provider’s stock valued at $1,134,000 after purchasing an additional 1,295 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Fiserv by 65.6% during the fourth quarter. Alliancebernstein L.P. now owns 5,437,246 shares of the business services provider’s stock valued at $1,116,919,000 after buying an additional 2,153,554 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in Fiserv by 635.5% during the fourth quarter. Meeder Asset Management Inc. now owns 1,346 shares of the business services provider’s stock worth $276,000 after buying an additional 1,163 shares in the last quarter. Finally, FSB Premier Wealth Management Inc. raised its position in Fiserv by 19.9% in the 4th quarter. FSB Premier Wealth Management Inc. now owns 1,349 shares of the business services provider’s stock valued at $277,000 after buying an additional 224 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the 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 sale, the chief operating officer now owns 227,711 shares in the company, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on FI shares. The Goldman Sachs Group upped their target price on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada increased their price objective on shares of Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Wells Fargo & Company boosted their target price on Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Barclays increased their price target on Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Finally, BMO Capital Markets boosted their price objective on Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $242.32.

Fiserv Stock Up 2.3 %

Shares of NYSE FI opened at $221.19 on Tuesday. 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 $124.15 billion, a P/E ratio of 41.04, a P/E/G ratio of 1.52 and a beta of 0.93. Fiserv, Inc. has a 52 week low of $145.98 and a 52 week high of $238.59. The business has a 50-day simple moving average of $222.25 and a two-hundred day simple moving average of $208.51.

Fiserv (NYSE:FI) last released its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating 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%. Research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its Board of Directors has authorized a share repurchase program on Thursday, February 20th that allows the company to repurchase 60,000,000 outstanding shares. This repurchase authorization allows the business services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

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.