BI Asset Management Fondsmaeglerselskab A S Buys 32,421 Shares of Fiserv, Inc. (NYSE:FI)

BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 15.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 241,729 shares of the business services provider's stock after purchasing an additional 32,421 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Fiserv were worth $49,656,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FI. Jacobi Capital Management LLC lifted its position in Fiserv by 0.4% during the fourth quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider's stock valued at $2,281,000 after buying an additional 44 shares during the period. Parkside Financial Bank & Trust boosted its stake in Fiserv by 1.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider's stock worth $841,000 after acquiring an additional 45 shares in the last quarter. Catalina Capital Group LLC grew its holdings in Fiserv by 2.3% in the fourth quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider's stock worth $444,000 after purchasing an additional 48 shares during the period. Mount Yale Investment Advisors LLC increased its stake in shares of Fiserv by 1.2% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider's stock valued at $848,000 after purchasing an additional 50 shares in the last quarter. Finally, Hemington Wealth Management lifted its holdings in shares of Fiserv by 6.1% during the fourth quarter. Hemington Wealth Management now owns 864 shares of the business services provider's stock valued at $177,000 after purchasing an additional 50 shares during the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity 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 stock was sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the completion of the transaction, the chief operating officer now directly owns 227,711 shares in the company, valued at approximately $53,637,326.05. This represents a 16.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.75% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

FI has been the topic of several recent research reports. Keefe, Bruyette & Woods upped their price target on Fiserv from $238.00 to $260.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. BMO Capital Markets raised their price target on Fiserv from $233.00 to $260.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Seaport Res Ptn upgraded shares of Fiserv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Barclays raised their price objective on shares of Fiserv from $235.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Finally, Stephens upped their target price on shares of Fiserv from $255.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $234.79.

Fiserv Price Performance

Shares of Fiserv stock traded down $38.09 on Thursday, hitting $179.01. 12,604,188 shares of the company traded hands, compared to its average volume of 2,752,391. Fiserv, Inc. has a 52 week low of $146.25 and a 52 week high of $238.59. The business has a 50-day simple moving average of $218.33 and a 200 day simple moving average of $211.91. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The stock has a market capitalization of $99.99 billion, a P/E ratio of 33.22, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping the consensus estimate of $2.07 by $0.07. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its board has approved a stock buyback 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 usually a sign that the company's leadership believes its shares are 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.