Fiserv, Inc. (NYSE:FI) is Kelly Lawrence W & Associates Inc. CA’s 4th Largest Position

Kelly Lawrence W & Associates Inc. CA lessened its position in shares of Fiserv, Inc. (NYSE:FI) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 99,287 shares of the business services provider’s stock after selling 815 shares during the period. Fiserv accounts for 4.8% of Kelly Lawrence W & Associates Inc. CA’s investment portfolio, making the stock its 4th largest position. Kelly Lawrence W & Associates Inc. CA’s holdings in Fiserv were worth $20,396,000 at the end of the most recent reporting period.

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

Fiserv Stock Performance

NYSE FI opened at $208.51 on Friday. The company has a 50-day simple moving average of $219.31 and a two-hundred day simple moving average of $211.50. Fiserv, Inc. has a 12-month low of $146.25 and a 12-month high of $238.59. The firm has a market cap of $116.47 billion, a price-to-earnings ratio of 38.68, a PEG ratio of 1.52 and a beta of 0.91. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86.

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

Fiserv declared that its Board of Directors has initiated a share buyback plan on Thursday, February 20th that authorizes the company to buyback 60,000,000 outstanding shares. This buyback authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on FI shares. Royal Bank of Canada boosted their target price on shares of Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Monness Crespi & Hardt lowered Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 price objective on the stock. in a research note on Wednesday, April 9th. Susquehanna cut their target price on Fiserv from $270.00 to $250.00 and set a “positive” rating for the company in a research note on Tuesday, April 15th. Barclays lifted 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. Finally, StockNews.com started coverage on shares of Fiserv in a report on Sunday, March 23rd. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.