Aware Super Pty Ltd as trustee of Aware Super Invests $38.03 Million in Fiserv, Inc. (NYSE:FI)

Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 185,144 shares of the business services provider’s stock, valued at approximately $38,032,000. Fiserv makes up approximately 0.6% of Aware Super Pty Ltd as trustee of Aware Super’s portfolio, making the stock its 29th largest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FI. Canada Post Corp Registered Pension Plan purchased a new position in shares of Fiserv during the fourth quarter worth about $4,978,000. LaSalle St. Investment Advisors LLC acquired a new stake in shares of Fiserv in the 4th quarter valued at about $248,000. XTX Topco Ltd grew its stake in Fiserv by 90.0% during the 4th quarter. XTX Topco Ltd now owns 24,451 shares of the business services provider’s stock worth $5,023,000 after buying an additional 11,582 shares during the last quarter. Broyhill Asset Management acquired a new position in Fiserv during the fourth quarter worth approximately $4,582,000. Finally, Investment Counsel Co. of Nevada purchased a new stake in Fiserv in the fourth quarter valued at approximately $411,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FI has been the topic of a number of research reports. Oppenheimer raised their target price on shares of Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Susquehanna upped their target price on shares of Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a report on Monday, February 10th. Morgan Stanley raised their price target on Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, KeyCorp upped their price objective on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $239.35.

Fiserv Stock Up 1.8 %

Fiserv stock opened at $207.98 on Monday. Fiserv, Inc. has a fifty-two week low of $145.98 and a fifty-two week high of $238.59. The firm has a market capitalization of $116.17 billion, a price-to-earnings ratio of 38.59, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The stock’s fifty day moving average is $221.27 and its two-hundred day moving average is $210.67. 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 (NYSE:FI) last issued 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%. Analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its Board of Directors has authorized a stock repurchase plan on Thursday, February 20th that permits the company to repurchase 60,000,000 shares. This repurchase authorization permits 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 management believes its stock is undervalued.

Insider Activity at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the business’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 completion of the transaction, the chief operating officer now directly owns 227,711 shares of the company’s stock, valued at $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.75% of the stock is owned by corporate insiders.

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.