Bfsg LLC Acquires 4,750 Shares of Fiserv, Inc. (NYSE:FI)

Bfsg LLC grew its position in Fiserv, Inc. (NYSE:FI - Free Report) by 1,401.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,089 shares of the business services provider's stock after purchasing an additional 4,750 shares during the period. Bfsg LLC's holdings in Fiserv were worth $1,045,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FI. Kestra Investment Management LLC bought a new position in Fiserv during the fourth quarter valued at about $50,000. Atria Wealth Solutions Inc. grew its position in Fiserv by 10.4% during the fourth quarter. Atria Wealth Solutions Inc. now owns 20,152 shares of the business services provider's stock valued at $4,140,000 after buying an additional 1,893 shares during the period. Provident Trust Co. grew its position in Fiserv by 15.8% during the fourth quarter. Provident Trust Co. now owns 1,278,089 shares of the business services provider's stock valued at $262,545,000 after buying an additional 174,505 shares during the period. Kornitzer Capital Management Inc. KS bought a new position in Fiserv during the fourth quarter valued at about $222,000. Finally, Empower Advisory Group LLC grew its position in Fiserv by 7.6% during the fourth quarter. Empower Advisory Group LLC now owns 7,409 shares of the business services provider's stock valued at $1,522,000 after buying an additional 522 shares during the period. Hedge funds and other institutional investors own 90.98% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FI shares. KeyCorp increased their price target on shares of Fiserv from $250.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods increased their target price on shares of Fiserv from $238.00 to $260.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Seaport Res Ptn upgraded shares of Fiserv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Oppenheimer increased their target price on shares of Fiserv from $214.00 to $239.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Finally, The Goldman Sachs Group increased their target price on shares of Fiserv from $208.00 to $231.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 3rd. Two equities research analysts have rated the stock with 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, the stock currently has an average rating of "Buy" and a consensus price target of $239.83.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the firm's 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 transaction, the chief operating officer now owns 227,711 shares in the company, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.75% of the company's stock.

Fiserv Price Performance

FI traded down $1.96 on Friday, reaching $232.47. The company had a trading volume of 4,404,077 shares, compared to its average volume of 2,787,555. The company has a market cap of $132.26 billion, a price-to-earnings ratio of 43.13, a P/E/G ratio of 1.53 and a beta of 0.94. Fiserv, Inc. has a 52-week low of $145.98 and a 52-week high of $237.99. The business has a 50 day simple moving average of $213.26 and a 200 day simple moving average of $197.74. 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 (NYSE:FI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, topping 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, sell-side analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its board has authorized a stock 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 buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

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.