1,759 Shares in Fiserv, Inc. (NYSE:FI) Bought by Accredited Investors Inc.

Accredited Investors Inc. purchased a new position in shares of Fiserv, Inc. (NYSE:FI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,759 shares of the business services provider's stock, valued at approximately $361,000.

Several other institutional investors have also added to or reduced their stakes in the company. Valley National Advisers Inc. acquired a new stake in Fiserv during the fourth quarter worth approximately $29,000. Marshall Investment Management LLC bought a new stake in shares of Fiserv during the 4th quarter valued at $29,000. Compass Financial Services Inc acquired a new stake in shares of Fiserv during the 4th quarter worth $31,000. Campbell Capital Management Inc. bought a new position in shares of Fiserv in the fourth quarter worth $37,000. Finally, Knuff & Co LLC acquired a new position in Fiserv in the fourth quarter valued at about $45,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Trading Up 0.9 %

Shares of FI stock traded up $1.84 during trading hours on Tuesday, hitting $214.08. 873,477 shares of the company were exchanged, compared to its average volume of 3,132,586. The company has a 50 day simple moving average of $220.94 and a two-hundred day simple moving average of $210.90. The firm has a market cap of $119.58 billion, a P/E ratio of 39.72, a P/E/G ratio of 1.52 and a beta of 0.91. 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.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating 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 anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

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Fiserv announced that its Board of Directors has approved a stock buyback plan on Thursday, February 20th that permits the company to repurchase 60,000,000 shares. This repurchase authorization permits the business services provider to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the company's stock in a transaction 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 completion of the sale, the chief operating officer now owns 227,711 shares in the company, valued at approximately $53,637,326.05. This represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.75% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods raised their target price on shares of Fiserv from $238.00 to $260.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. StockNews.com started coverage on shares of Fiserv in a research report on Sunday, March 23rd. They set a "buy" rating for the company. Royal Bank of Canada raised their target price on Fiserv from $255.00 to $270.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. The Goldman Sachs Group raised Fiserv from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $246.00 to $260.00 in a report on Wednesday, April 2nd. Finally, Oppenheimer raised their price objective on Fiserv from $214.00 to $239.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $238.48.

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.