Fiserv, Inc. (NYSE:FI) Shares Bought by Johnson Financial Group Inc.

Johnson Financial Group Inc. grew its stake in Fiserv, Inc. (NYSE:FI) by 108.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,052 shares of the business services provider’s stock after purchasing an additional 6,259 shares during the quarter. Johnson Financial Group Inc.’s holdings in Fiserv were worth $2,604,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of FI. Marshall Investment Management LLC bought a new position in Fiserv during the 4th quarter worth approximately $29,000. Valley National Advisers Inc. bought a new position in Fiserv during the fourth quarter worth $29,000. Compass Financial Services Inc acquired a new position in Fiserv in the fourth quarter worth $31,000. Campbell Capital Management Inc. bought a new stake in Fiserv during the fourth quarter valued at $37,000. Finally, Knuff & Co LLC acquired a new stake in shares of Fiserv during the fourth quarter worth $45,000. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

FI has been the subject of several research reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $268.00 price target (up from $267.00) on shares of Fiserv in a report on Friday. Susquehanna decreased their target price on Fiserv from $250.00 to $240.00 and set a “positive” rating for the company in a research note on Friday. Redburn Atlantic reaffirmed a “sell” rating and set a $150.00 target price on shares of Fiserv in a report on Thursday, April 17th. Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Finally, The Goldman Sachs Group upgraded Fiserv from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $246.00 to $260.00 in a research note on Wednesday, April 2nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Fiserv has an average rating of “Moderate Buy” and an average target price of $233.33.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the firm’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 transaction, the chief operating officer now directly 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 sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.75% of the company’s stock.

Fiserv Price Performance

NYSE:FI opened at $177.55 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The business’s 50-day moving average price is $216.08 and its 200 day moving average price is $211.78. Fiserv, Inc. has a 52-week low of $146.25 and a 52-week high of $238.59. The firm has a market cap of $99.17 billion, a P/E ratio of 32.94, a PEG ratio of 1.52 and a beta of 0.91.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.06. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.86 billion. As a group, sell-side analysts predict 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 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 repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.