Fiserv, Inc. (NYSE:FI) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. grew its position in Fiserv, Inc. (NYSE:FI) by 14.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 258,096 shares of the business services provider’s stock after buying an additional 32,581 shares during the quarter. QRG Capital Management Inc.’s holdings in Fiserv were worth $53,018,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Otter Creek Advisors LLC grew its stake in Fiserv by 0.3% during the 4th quarter. Otter Creek Advisors LLC now owns 29,728 shares of the business services provider’s stock worth $6,107,000 after purchasing an additional 101 shares in the last quarter. Proficio Capital Partners LLC grew its stake in Fiserv by 30,479.9% during the 4th quarter. Proficio Capital Partners LLC now owns 484,997 shares of the business services provider’s stock worth $99,628,000 after purchasing an additional 483,411 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in Fiserv by 1.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 60,309 shares of the business services provider’s stock worth $12,389,000 after purchasing an additional 962 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co purchased a new stake in Fiserv during the 4th quarter worth about $505,000. Finally, Mn Services Vermogensbeheer B.V. lifted its holdings in Fiserv by 1.9% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 237,300 shares of the business services provider’s stock worth $48,746,000 after buying an additional 4,400 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Price Performance

FI stock opened at $229.58 on Thursday. Fiserv, Inc. has a 1 year low of $145.98 and a 1 year high of $237.99. 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 stock’s 50 day moving average price is $215.50 and its 200 day moving average price is $200.07. The firm has a market cap of $128.86 billion, a P/E ratio of 42.59, a PEG ratio of 1.52 and a beta of 0.94.

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 return on equity of 17.93% and a net margin of 15.31%. On average, sell-side analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its Board of Directors has authorized a stock 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 purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts have issued reports on FI shares. Susquehanna lifted their price target on Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a report on Monday, February 10th. BMO Capital Markets upped their price objective on Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Oppenheimer boosted their target price on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Compass Point assumed coverage on Fiserv in a research report on Wednesday, November 20th. They set a “buy” rating and a $278.00 target price on the stock. Finally, The Goldman Sachs Group boosted their target price on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Three research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, 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 stock in a transaction on Thursday, February 20th. The stock was 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 $53,637,326.05. This represents a 16.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.75% of the company’s stock.

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.