Fiserv, Inc. (NYSE:FI) Stock Position Raised by AGF Management Ltd.

AGF Management Ltd. lifted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 19.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 104,653 shares of the business services provider’s stock after buying an additional 17,225 shares during the period. AGF Management Ltd.’s holdings in Fiserv were worth $21,498,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FI. Soros Capital Management LLC boosted its holdings in Fiserv by 71.7% in the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock valued at $9,844,000 after purchasing an additional 22,884 shares during the period. Czech National Bank boosted its holdings in Fiserv by 5.2% in the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock valued at $25,339,000 after purchasing an additional 6,072 shares during the period. Chiron Investment Management LLC bought a new stake in Fiserv in the 3rd quarter valued at $4,709,000. Trust Co. of Vermont lifted its holdings in shares of Fiserv by 170.4% during the 4th quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock worth $1,405,000 after acquiring an additional 4,310 shares during the period. Finally, Cardano Risk Management B.V. bought a new position in shares of Fiserv during the 4th quarter worth about $97,254,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Trading Down 0.3 %

Fiserv stock opened at $213.91 on Wednesday. The stock has a market capitalization of $120.06 billion, a PE ratio of 39.69, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. 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 business’s fifty day moving average is $218.65 and its 200 day moving average is $204.00. Fiserv, Inc. has a one year low of $145.98 and a one year high of $238.59.

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 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 predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv declared that its Board of Directors has authorized a stock repurchase plan on Thursday, February 20th that permits the company to buyback 60,000,000 outstanding shares. This buyback authorization permits the business services provider to buy shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

FI has been the subject of several analyst reports. Wells Fargo & Company lifted their price target on shares of Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Compass Point started coverage on shares of Fiserv in a research report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price objective for the company. Morgan Stanley raised their price objective on shares of Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. The Goldman Sachs Group raised their price objective 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. Finally, 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. Three analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and an average price target of $239.83.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was 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 $53,637,326.05. This represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.75% of the company’s stock.

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.