185,144 Shares in Fiserv, Inc. (NYSE:FI) Acquired by Aware Super Pty Ltd as trustee of Aware Super

Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 185,144 shares of the business services provider’s stock, valued at approximately $38,032,000. Fiserv comprises about 0.6% of Aware Super Pty Ltd as trustee of Aware Super’s portfolio, making the stock its 29th largest position.

A number of other large investors also recently made changes to their positions in the business. Valley National Advisers Inc. acquired a new stake in shares of Fiserv during the 4th quarter worth $29,000. Marshall Investment Management LLC acquired a new stake in Fiserv during the fourth quarter worth about $29,000. Compass Financial Services Inc purchased a new position in shares of Fiserv in the 4th quarter worth about $31,000. Campbell Capital Management Inc. acquired a new position in shares of Fiserv in the 4th quarter valued at about $37,000. Finally, Knuff & Co LLC purchased a new stake in shares of Fiserv during the 4th quarter worth about $45,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of FI opened at $207.98 on Monday. 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 company has a market cap of $116.17 billion, a P/E ratio of 38.59, a PEG ratio of 1.52 and a beta of 0.91. Fiserv, Inc. has a 12 month low of $145.98 and a 12 month high of $238.59. The stock has a fifty day moving average price of $221.27 and a 200 day moving average price of $210.67.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. On average, research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its Board of Directors has authorized a share repurchase program on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

FI has been the topic of several research reports. Monness Crespi & Hardt lowered shares of Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 price target on the stock. in a report on Wednesday, April 9th. Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. The Goldman Sachs Group raised shares of Fiserv from a “neutral” rating to a “buy” rating and upped their price target for the stock from $246.00 to $260.00 in a research report on Wednesday, April 2nd. Susquehanna boosted their price objective on Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a research note on Monday, February 10th. Finally, Citigroup increased their target price on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $239.35.

Insider Activity

In related news, COO Guy Chiarello sold 45,000 shares of the company’s stock in a transaction dated 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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.