American Century Companies Inc. Buys 17,694 Shares of Fiserv, Inc. (NYSE:FI)

American Century Companies Inc. grew its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 745,481 shares of the business services provider's stock after acquiring an additional 17,694 shares during the quarter. American Century Companies Inc. owned 0.13% of Fiserv worth $153,137,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sanders Capital LLC acquired a new stake in shares of Fiserv during the 3rd quarter valued at about $764,543,000. Raymond James Financial Inc. acquired a new stake in Fiserv during the 4th quarter valued at $614,982,000. FMR LLC raised its holdings in shares of Fiserv by 17.8% in the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider's stock valued at $1,696,341,000 after buying an additional 1,427,664 shares during the last quarter. Madison Investment Advisors LLC acquired a new position in Fiserv during the 4th quarter worth $134,710,000. Finally, Kovitz Investment Group Partners LLC boosted its position in Fiserv by 788.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider's stock valued at $109,700,000 after buying an additional 561,377 shares during the last quarter. Institutional investors own 90.98% of the company's stock.

Insider Buying and Selling

In other news, COO Guy Chiarello sold 45,000 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $235.55, for a total value of $10,599,750.00. Following the completion of the sale, the chief operating officer now owns 227,711 shares of the company's stock, 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 is accessible through the SEC website. 0.75% of the stock is currently owned by corporate insiders.

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Fiserv Price Performance

Shares of Fiserv stock traded down $2.37 on Thursday, reaching $219.32. 3,964,473 shares of the stock were exchanged, compared to its average volume of 2,516,085. The firm's 50 day moving average is $221.58 and its 200-day moving average is $207.28. 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 one year low of $145.98 and a one year high of $238.59. The firm has a market cap of $123.10 billion, a PE ratio of 40.69, a P/E/G ratio of 1.52 and a beta of 0.93.

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

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

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Susquehanna lifted their target price on shares of Fiserv from $230.00 to $270.00 and gave the stock a "positive" rating in a report on Monday, February 10th. StockNews.com began coverage on Fiserv in a research note on Sunday. They set a "buy" rating for the company. KeyCorp increased their target price on Fiserv from $250.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Oppenheimer boosted their price target on Fiserv from $214.00 to $239.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods increased their price objective on Fiserv from $238.00 to $260.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $242.32.

About Fiserv

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.