Fiserv, Inc. (NYSE:FI) Stock Holdings Boosted by Great Lakes Advisors LLC

Great Lakes Advisors LLC lifted its position in shares of Fiserv, Inc. (NYSE:FI) by 8.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,845 shares of the business services provider’s stock after acquiring an additional 858 shares during the period. Great Lakes Advisors LLC’s holdings in Fiserv were worth $2,228,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of FI. KBC Group NV grew its position in shares of Fiserv by 10.0% during the third quarter. KBC Group NV now owns 137,043 shares of the business services provider’s stock worth $24,619,000 after acquiring an additional 12,413 shares during the last quarter. CIBC Asset Management Inc grew its position in Fiserv by 4.7% in the 3rd quarter. CIBC Asset Management Inc now owns 119,297 shares of the business services provider’s stock valued at $21,432,000 after buying an additional 5,394 shares in the last quarter. Empowered Funds LLC grew its position in Fiserv by 7.2% in the 3rd quarter. Empowered Funds LLC now owns 9,328 shares of the business services provider’s stock valued at $1,676,000 after buying an additional 626 shares in the last quarter. Mizuho Securities USA LLC grew its position in Fiserv by 1,238.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after buying an additional 558,774 shares in the last quarter. Finally, Natixis Advisors LLC grew its position in Fiserv by 5.2% in the 3rd quarter. Natixis Advisors LLC now owns 462,137 shares of the business services provider’s stock valued at $83,023,000 after buying an additional 22,913 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief operating officer now owns 227,711 shares of the company’s stock, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.75% of the company’s stock.

Fiserv Price Performance

NYSE FI opened at $214.91 on Friday. The company has a 50 day simple moving average of $218.96 and a 200-day simple moving average of $204.64. 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 firm has a market capitalization of $120.62 billion, a price-to-earnings ratio of 39.87, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. Fiserv, Inc. has a 52-week low of $145.98 and a 52-week high of $238.59.

Fiserv (NYSE:FI) last issued 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 net margin of 15.31% and a return on equity of 17.93%. Equities research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its Board of Directors has approved a stock repurchase 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 reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FI shares. The Goldman Sachs Group increased their target price on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Oppenheimer increased their target price 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. Keefe, Bruyette & Woods raised their price objective on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Royal Bank of Canada raised their price objective on shares of Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Finally, Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and an average price target of $239.83.

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.