Commonwealth Equity Services LLC Has $22.30 Million Stock Position in Fiserv, Inc. (NYSE:FI)

Commonwealth Equity Services LLC raised its position in Fiserv, Inc. (NYSE:FI) by 0.9% in the fourth quarter, HoldingsChannel reports. The fund owned 108,543 shares of the business services provider’s stock after purchasing an additional 979 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Fiserv were worth $22,297,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Marshall Investment Management LLC bought a new stake in Fiserv during the 4th quarter valued at $29,000. Valley National Advisers Inc. acquired a new stake in shares of Fiserv in the 4th quarter worth about $29,000. Compass Financial Services Inc purchased a new position in shares of Fiserv in the 4th quarter worth approximately $31,000. Knuff & Co LLC bought a new position in shares of Fiserv in the fourth quarter valued at approximately $45,000. Finally, Roxbury Financial LLC purchased a new stake in shares of Fiserv during the fourth quarter valued at approximately $50,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Oppenheimer raised their target price on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. KeyCorp lifted their price objective on shares of Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Barclays upped their price objective on Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Finally, Keefe, Bruyette & Woods raised their target price on Fiserv from $238.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Three equities research 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 stock. Based on data from MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and a consensus target price of $239.83.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction dated 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 sale, the chief operating officer now owns 227,711 shares in the company, valued at $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.75% of the stock is currently owned by company insiders.

Fiserv Trading Up 2.6 %

Fiserv stock opened at $214.91 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. Fiserv, Inc. has a fifty-two week low of $145.98 and a fifty-two week high of $238.59. The stock has a market cap of $120.62 billion, a P/E ratio of 39.87, a PEG ratio of 1.52 and a beta of 0.93. The firm’s fifty day moving average price is $218.96 and its 200-day moving average price is $204.87.

Fiserv (NYSE:FI) last announced its 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%. Equities research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its board has approved a stock buyback 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 buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

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.