Fiserv, Inc. (NYSE:FI) Shares Purchased by Capital International Sarl

Capital International Sarl lifted its stake in shares of Fiserv, Inc. (NYSE:FI) by 38.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,816 shares of the business services provider’s stock after acquiring an additional 3,816 shares during the quarter. Capital International Sarl’s holdings in Fiserv were worth $2,838,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. 1492 Capital Management LLC purchased a new position in Fiserv in the 4th quarter worth about $205,000. Allred Capital Management LLC raised its holdings in shares of Fiserv by 4.2% during the fourth quarter. Allred Capital Management LLC now owns 4,921 shares of the business services provider’s stock valued at $1,011,000 after acquiring an additional 199 shares during the period. CANADA LIFE ASSURANCE Co lifted its position in shares of Fiserv by 11.2% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 663,675 shares of the business services provider’s stock valued at $136,353,000 after acquiring an additional 66,768 shares in the last quarter. Fairfield Bush & CO. boosted its stake in Fiserv by 28.3% in the 4th quarter. Fairfield Bush & CO. now owns 1,450 shares of the business services provider’s stock worth $298,000 after purchasing an additional 320 shares during the period. Finally, Farringdon Capital Ltd. purchased a new position in Fiserv during the 4th quarter worth approximately $715,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FI has been the subject of several recent analyst reports. Susquehanna decreased their target price on Fiserv from $270.00 to $250.00 and set a “positive” rating for the company in a research report on Tuesday. Barclays upped their target price on Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Redburn Atlantic reiterated a “sell” rating and set a $150.00 price objective on shares of Fiserv in a report on Thursday. Citigroup raised their price objective on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Finally, BMO Capital Markets upped their price target on Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $234.79.

Fiserv Price Performance

Shares of NYSE:FI opened at $208.51 on Friday. The firm has a market capitalization of $116.47 billion, a PE ratio of 38.68, a PEG ratio of 1.52 and a beta of 0.91. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a 1-year low of $145.98 and a 1-year high of $238.59. The business’s 50 day moving average is $219.31 and its 200-day moving average is $211.30.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping 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%. Sell-side analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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

Insider Buying and Selling

In other Fiserv 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 transaction of $10,599,750.00. Following the completion of the transaction, the chief operating officer now directly owns 227,711 shares in the company, valued at $53,637,326.05. This represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.75% of the company’s stock.

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.