Fiserv, Inc. (NYSE:FI) Shares Acquired by Dillon & Associates Inc.

Dillon & Associates Inc. grew its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 9.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,895 shares of the business services provider's stock after purchasing an additional 6,486 shares during the period. Fiserv makes up about 2.2% of Dillon & Associates Inc.'s portfolio, making the stock its 13th biggest holding. Dillon & Associates Inc.'s holdings in Fiserv were worth $15,558,000 at the end of the most recent quarter.

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

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Fiserv Price Performance

FI traded down $3.03 during trading on Friday, hitting $216.15. The company's stock had a trading volume of 2,499,694 shares, compared to its average volume of 2,629,313. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $121.32 billion, a price-to-earnings ratio of 40.10, a P/E/G ratio of 1.52 and a beta of 0.93. The business's fifty day simple moving average is $222.00 and its 200 day simple moving average is $207.67. Fiserv, Inc. has a twelve month low of $145.98 and a twelve month high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last issued 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%. On average, equities research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

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

Wall Street Analysts Forecast Growth

FI has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of Fiserv from $235.00 to $265.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Susquehanna boosted their price target on Fiserv from $230.00 to $270.00 and gave the company a "positive" rating in a research note on Monday, February 10th. StockNews.com began coverage on Fiserv in a report on Sunday, March 23rd. They issued a "buy" rating on the stock. BMO Capital Markets lifted their target price on Fiserv from $233.00 to $260.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods upped their target price on Fiserv from $238.00 to $260.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $242.32.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction that occurred on 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 sale, the chief operating officer now directly owns 227,711 shares of the company's stock, valued at $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.75% of the company's stock.

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.