D L Carlson Investment Group Inc. Has $7.18 Million Stock Position in Fiserv, Inc. (NYSE:FI)

D L Carlson Investment Group Inc. cut its holdings in shares of Fiserv, Inc. (NYSE:FI) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,968 shares of the business services provider’s stock after selling 162 shares during the period. Fiserv accounts for approximately 1.3% of D L Carlson Investment Group Inc.’s holdings, making the stock its 18th biggest holding. D L Carlson Investment Group Inc.’s holdings in Fiserv were worth $7,183,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FI. Norges Bank bought a new stake in shares of Fiserv in the 4th quarter valued at about $1,406,452,000. Bank of New York Mellon Corp increased its holdings in shares of Fiserv by 4.7% during the fourth quarter. Bank of New York Mellon Corp now owns 3,711,072 shares of the business services provider’s stock worth $762,328,000 after purchasing an additional 164,949 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Fiserv by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,620,785 shares of the business services provider’s stock worth $743,782,000 after acquiring an additional 90,475 shares during the period. Raymond James Financial Inc. bought a new position in Fiserv in the 4th quarter valued at approximately $614,982,000. Finally, Pictet Asset Management Holding SA grew its holdings in Fiserv by 4.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 2,224,227 shares of the business services provider’s stock worth $456,901,000 after acquiring an additional 89,228 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Trading Down 1.4 %

NYSE FI opened at $216.15 on Monday. The firm’s 50-day moving average is $222.00 and its two-hundred day moving average is $208.17. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. Fiserv, Inc. has a 12 month low of $145.98 and a 12 month high of $238.59. The stock has a market capitalization of $121.32 billion, a P/E ratio of 40.10, a PEG ratio of 1.52 and a beta of 0.93.

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

Fiserv declared that its Board of Directors has approved a stock repurchase program 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. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $53,637,326.05. This represents a 16.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

FI has been the topic of several research analyst reports. Keefe, Bruyette & Woods upped their target price on Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Stephens upped their target price on shares of Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Susquehanna upped their target price on shares of Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a research note on Monday, February 10th. KeyCorp upped their price objective on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada raised their price target on shares of Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $242.32.

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.