Los Angeles Capital Management LLC Has $43.05 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Los Angeles Capital Management LLC grew its position in Fiserv, Inc. (NYSE:FI) by 154.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 209,555 shares of the business services provider’s stock after buying an additional 127,089 shares during the period. Los Angeles Capital Management LLC’s holdings in Fiserv were worth $43,047,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP lifted its position in Fiserv by 11.9% during the 3rd quarter. Allworth Financial LP now owns 4,808 shares of the business services provider’s stock valued at $864,000 after purchasing an additional 510 shares during the period. PFG Investments LLC raised its stake in shares of Fiserv by 2.7% during the third quarter. PFG Investments LLC now owns 2,807 shares of the business services provider’s stock worth $504,000 after buying an additional 73 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in Fiserv by 18.5% in the third quarter. J.W. Cole Advisors Inc. now owns 2,686 shares of the business services provider’s stock valued at $483,000 after buying an additional 419 shares during the period. Inscription Capital LLC bought a new position in Fiserv in the third quarter valued at approximately $229,000. Finally, Concord Wealth Partners grew its holdings in Fiserv by 27.3% during the 3rd quarter. Concord Wealth Partners now owns 1,273 shares of the business services provider’s stock worth $229,000 after acquiring an additional 273 shares during the period. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the sale, 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.75% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FI has been the topic of a number of analyst reports. Citigroup increased their price target on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Stephens increased their target price on Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Royal Bank of Canada raised their target price on Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Morgan Stanley upped their price target on Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, Oppenheimer increased their price target on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $239.83.

Fiserv Stock Up 0.1 %

FI stock opened at $232.34 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The stock has a market capitalization of $130.41 billion, a P/E ratio of 43.11, a P/E/G ratio of 1.52 and a beta of 0.94. Fiserv, Inc. has a fifty-two week low of $145.98 and a fifty-two week high of $237.99. The business has a 50-day moving average of $214.94 and a 200-day moving average of $199.86.

Fiserv (NYSE:FI) last released 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 return on equity of 17.93% and a net margin of 15.31%. On average, sell-side analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its board has initiated a share repurchase plan on Thursday, February 20th that authorizes the company to repurchase 60,000,000 outstanding shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board 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.