Borer Denton & Associates Inc. Takes $205,000 Position in Fiserv, Inc. (NYSE:FI)

Borer Denton & Associates Inc. acquired a new stake in Fiserv, Inc. (NYSE:FI) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 1,000 shares of the business services provider’s stock, valued at approximately $205,000.

Other large investors have also made changes to their positions in the company. Banco BTG Pactual S.A. purchased a new position in Fiserv during the fourth quarter worth about $616,000. Financial Counselors Inc. boosted its position in shares of Fiserv by 4.1% during the fourth quarter. Financial Counselors Inc. now owns 2,896 shares of the business services provider’s stock worth $595,000 after buying an additional 113 shares during the period. Florida Financial Advisors LLC acquired a new position in Fiserv during the 4th quarter worth about $245,000. Meiji Yasuda Asset Management Co Ltd. grew its position in Fiserv by 6.2% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 11,412 shares of the business services provider’s stock valued at $2,344,000 after acquiring an additional 666 shares in the last quarter. Finally, Zions Bancorporation N.A. lifted its position in shares of Fiserv by 201.5% during the fourth quarter. Zions Bancorporation N.A. now owns 2,141 shares of the business services provider’s stock worth $440,000 after purchasing an additional 1,431 shares in the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Stock Up 0.4 %

FI opened at $222.65 on Wednesday. Fiserv, Inc. has a one year low of $145.98 and a one year high of $238.59. The company has a market cap of $124.97 billion, a price-to-earnings ratio of 41.31, a PEG ratio of 1.52 and a beta of 0.93. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The business’s fifty day moving average is $221.23 and its two-hundred day moving average is $207.18.

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%. Analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its Board of Directors has approved a share repurchase 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. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group lifted their price objective on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Oppenheimer lifted their price objective on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods raised their target price on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Royal Bank of Canada increased 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, Barclays increased 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. Three analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $239.83.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the business’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 completion of the sale, the chief operating officer now directly owns 227,711 shares in the company, valued at $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.75% of the stock is owned by corporate insiders.

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.