Fiserv, Inc. (NYSE:FI) Shares Bought by Stifel Financial Corp

Stifel Financial Corp increased its position in Fiserv, Inc. (NYSE:FI) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 281,444 shares of the business services provider’s stock after acquiring an additional 1,975 shares during the period. Stifel Financial Corp’s holdings in Fiserv were worth $57,814,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of Fiserv by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 11,891,207 shares of the business services provider’s stock worth $2,435,280,000 after purchasing an additional 218,833 shares in the last quarter. FMR LLC increased its position in Fiserv by 22.5% during the fourth quarter. FMR LLC now owns 11,568,895 shares of the business services provider’s stock worth $2,376,482,000 after buying an additional 2,126,419 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Fiserv by 16.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,030,889 shares of the business services provider’s stock worth $1,649,705,000 after acquiring an additional 1,121,597 shares during the last quarter. Norges Bank purchased a new stake in shares of Fiserv in the fourth quarter valued at $1,406,452,000. Finally, Alliancebernstein L.P. boosted its stake in shares of Fiserv by 65.6% during the fourth quarter. Alliancebernstein L.P. now owns 5,437,246 shares of the business services provider’s stock valued at $1,116,919,000 after acquiring an additional 2,153,554 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FI has been the subject of several analyst reports. The Goldman Sachs Group raised shares of Fiserv from a “neutral” rating to a “buy” rating and boosted their target price for the company from $246.00 to $260.00 in a research note on Wednesday, April 2nd. Stephens upped their price objective on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Monness Crespi & Hardt lowered shares of Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 target price on the stock. in a research report on Wednesday, April 9th. Redburn Atlantic reiterated a “sell” rating and issued a $150.00 price target on shares of Fiserv in a report on Thursday, April 17th. Finally, BMO Capital Markets raised their price objective on Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Fiserv has an average rating of “Moderate Buy” and an average price target of $234.79.

Fiserv Trading Up 3.4 %

Shares of FI opened at $214.49 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. Fiserv, Inc. has a 12 month low of $146.25 and a 12 month high of $238.59. The stock has a market cap of $119.81 billion, a PE ratio of 39.79, a P/E/G ratio of 1.52 and a beta of 0.91. The stock’s 50-day moving average is $218.60 and its two-hundred day moving average is $211.87.

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

Fiserv announced that its Board of Directors has initiated 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 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.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 227,711 shares in the company, valued at $53,637,326.05. The trade was a 16.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.75% of the stock is currently owned by company insiders.

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.