Dodge & Cox Has $6.61 Billion Position in Fiserv, Inc. (NYSE:FI)

Dodge & Cox trimmed its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,192,395 shares of the business services provider's stock after selling 531,372 shares during the quarter. Fiserv makes up about 3.8% of Dodge & Cox's investment portfolio, making the stock its 2nd biggest position. Dodge & Cox owned 5.66% of Fiserv worth $6,612,962,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Wellington Management Group LLP lifted its stake in shares of Fiserv by 80.1% during the third quarter. Wellington Management Group LLP now owns 50,386 shares of the business services provider's stock valued at $9,052,000 after acquiring an additional 22,410 shares during the period. Barclays PLC raised its holdings in Fiserv by 3.0% during the 3rd quarter. Barclays PLC now owns 1,685,157 shares of the business services provider's stock worth $302,737,000 after purchasing an additional 48,413 shares during the last quarter. Invst LLC acquired a new position in Fiserv during the 3rd quarter valued at about $211,000. SkyView Investment Advisors LLC boosted its stake in shares of Fiserv by 4.4% in the 3rd quarter. SkyView Investment Advisors LLC now owns 5,275 shares of the business services provider's stock valued at $948,000 after purchasing an additional 223 shares during the last quarter. Finally, Anchor Investment Management LLC grew its position in shares of Fiserv by 1.4% during the 3rd quarter. Anchor Investment Management LLC now owns 35,463 shares of the business services provider's stock worth $6,371,000 after buying an additional 497 shares during the period. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Price Performance

NYSE:FI traded down $1.60 during trading hours on Friday, hitting $208.51. 3,571,247 shares of the company's stock traded hands, compared to its average volume of 2,715,057. Fiserv, Inc. has a 52 week low of $145.98 and a 52 week high of $238.59. The business's fifty day simple moving average is $219.74 and its two-hundred day simple moving average is $211.11. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The firm has a market cap of $116.47 billion, a P/E ratio of 38.68, a P/E/G ratio of 1.52 and a beta of 0.91.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share 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, research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its board has initiated a share buyback program on Thursday, February 20th that permits the company to repurchase 60,000,000 outstanding shares. This repurchase authorization permits the business services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In related news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.75% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Royal Bank of Canada lifted their price objective on Fiserv from $255.00 to $270.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. KeyCorp raised their target price 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. The Goldman Sachs Group raised Fiserv from a "neutral" rating to a "buy" rating and increased their price objective for the company from $246.00 to $260.00 in a report on Wednesday, April 2nd. Citigroup lifted their price target on Fiserv from $230.00 to $233.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Finally, Stephens increased their price target on Fiserv from $255.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $234.79.

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.