Fiserv, Inc. (NYSE:FI) Shares Purchased by TIAA Trust National Association

TIAA Trust National Association raised its stake in Fiserv, Inc. (NYSE:FI) by 7.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 13,931 shares of the business services provider’s stock after acquiring an additional 958 shares during the period. TIAA Trust National Association’s holdings in Fiserv were worth $2,862,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

FI has been the subject of a number of recent research reports. Oppenheimer increased their price target on shares of Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Royal Bank of Canada increased their target price on shares of Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Morgan Stanley boosted their price target on 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 increased their price objective on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Citigroup boosted their target price on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $242.32.

Fiserv Trading Down 0.4 %

Shares of Fiserv stock opened at $221.75 on Thursday. The company has a 50-day moving average of $221.58 and a two-hundred day moving average of $207.28. Fiserv, Inc. has a 12-month low of $145.98 and a 12-month high of $238.59. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The stock has a market cap of $124.47 billion, a PE ratio of 41.14, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93.

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

Fiserv announced that its board has initiated a share repurchase plan on Thursday, February 20th that authorizes the company to repurchase 60,000,000 outstanding shares. This repurchase authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the stock in a transaction that occurred on 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 sale, the chief operating officer now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.75% of the company’s stock.

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.