14,832 Shares in Fiserv, Inc. (NYSE:FI) Acquired by Decatur Capital Management Inc.

Decatur Capital Management Inc. acquired a new position in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 14,832 shares of the business services provider’s stock, valued at approximately $3,047,000. Fiserv comprises 1.4% of Decatur Capital Management Inc.’s portfolio, making the stock its 20th largest holding.

A number of other institutional investors have also recently modified their holdings of the stock. Norges Bank bought a new stake in Fiserv during the fourth quarter worth $1,406,452,000. Raymond James Financial Inc. bought a new stake in shares of Fiserv during the 4th quarter worth $614,982,000. Alliancebernstein L.P. boosted its stake in Fiserv by 65.6% in 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 in the last quarter. FMR LLC grew its position in Fiserv by 22.5% in the fourth quarter. FMR LLC now owns 11,568,895 shares of the business services provider’s stock valued at $2,376,482,000 after acquiring an additional 2,126,419 shares during the last quarter. Finally, Winslow Capital Management LLC acquired a new position in Fiserv during the fourth quarter worth about $363,031,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Price Performance

Shares of NYSE:FI opened at $208.51 on Friday. The stock has a market cap of $116.47 billion, a PE ratio of 38.68, a PEG ratio of 1.52 and a beta of 0.91. Fiserv, Inc. has a 52 week low of $145.98 and a 52 week high of $238.59. 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’s fifty day moving average is $219.31 and its 200 day moving average is $211.30.

Fiserv (NYSE:FI) last announced its earnings results 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 year.

Fiserv announced that its board has approved a share repurchase program on Thursday, February 20th that permits the company to buyback 60,000,000 outstanding shares. This buyback authorization permits the business services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of Fiserv 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 sale, the chief operating officer now 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Stephens boosted their target price on shares of Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. StockNews.com assumed coverage on Fiserv in a research note on Sunday, March 23rd. They issued a “buy” rating for the company. Royal Bank of Canada boosted their price objective on Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, Barclays increased their target price on Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $234.79.

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.