Act Two Investors LLC Buys 72,305 Shares of Fiserv, Inc. (NYSE:FI)

Act Two Investors LLC boosted its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 813.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 81,199 shares of the business services provider's stock after acquiring an additional 72,305 shares during the quarter. Fiserv makes up approximately 3.2% of Act Two Investors LLC's portfolio, making the stock its 13th largest holding. Act Two Investors LLC's holdings in Fiserv were worth $16,680,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FI. Norges Bank bought a new position in shares of Fiserv in the fourth quarter valued at approximately $1,406,452,000. Raymond James Financial Inc. acquired a new position in Fiserv during the 4th quarter worth $614,982,000. Alliancebernstein L.P. boosted its holdings in 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 period. FMR LLC increased its stake in shares of Fiserv by 22.5% in the fourth quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock worth $2,376,482,000 after purchasing an additional 2,126,419 shares during the period. Finally, Winslow Capital Management LLC acquired a new position in shares of Fiserv during the 4th quarter worth about $363,031,000. 90.98% of the stock is owned by institutional investors.

Fiserv Price Performance

Shares of FI stock traded up $0.59 during trading hours on Tuesday, hitting $212.83. 2,119,063 shares of the company's stock were exchanged, compared to its average volume of 2,714,579. Fiserv, Inc. has a 52 week low of $145.98 and a 52 week high of $238.59. The stock has a market cap of $118.88 billion, a price-to-earnings ratio of 39.49, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. 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 stock's 50-day moving average is $220.94 and its 200-day moving average is $210.90.

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Fiserv (NYSE:FI - Get Free Report) last released its earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS 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%. As a group, research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on FI. Monness Crespi & Hardt downgraded Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price target on the stock. in a research report on Wednesday, April 9th. BMO Capital Markets upped their target price on shares of Fiserv from $233.00 to $260.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Barclays raised their price target on shares of Fiserv from $235.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Susquehanna cut their price objective on shares of Fiserv from $270.00 to $250.00 and set a "positive" rating for the company in a research report on Tuesday. Finally, Citigroup boosted their price target on Fiserv from $230.00 to $233.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of "Moderate Buy" and a consensus price target of $238.48.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction that occurred on Thursday, February 20th. The shares were 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 $53,637,326.05. The trade was a 16.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company 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.