879 Shares in Fiserv, Inc. (NYSE:FI) Acquired by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. purchased a new position in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 879 shares of the business services provider’s stock, valued at approximately $181,000.

Several other institutional investors also recently modified their holdings of FI. Valley National Advisers Inc. acquired a new position in shares of Fiserv in the fourth quarter worth about $29,000. Marshall Investment Management LLC purchased a new stake in shares of Fiserv in the 4th quarter valued at approximately $29,000. Compass Financial Services Inc acquired a new position in Fiserv in the 4th quarter worth approximately $31,000. Kennebec Savings Bank purchased a new position in Fiserv during the 3rd quarter worth approximately $40,000. Finally, Friedenthal Financial acquired a new stake in Fiserv during the 4th quarter valued at $49,000. Institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

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

Fiserv Trading Down 2.7 %

Shares of FI stock opened at $219.75 on Friday. Fiserv, Inc. has a 12 month low of $145.98 and a 12 month high of $238.59. The company has a market cap of $123.34 billion, a PE ratio of 40.77, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The business’s 50 day moving average is $218.11 and its two-hundred day moving average is $202.53.

Fiserv (NYSE:FI) last posted its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Equities analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its board has initiated a stock repurchase program on Thursday, February 20th that authorizes the company to repurchase 60,000,000 outstanding shares. This repurchase authorization authorizes the business services provider to purchase 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.

Wall Street Analyst Weigh In

Several analysts have recently commented on FI shares. Barclays raised their target price on Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Citigroup raised their price objective on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Wells Fargo & Company lifted their target price on Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, StockNews.com downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Three equities research 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 stock. According to MarketBeat.com, the company currently has an average 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.