Fiserv, Inc. (NYSE:FI) is DSM Capital Partners LLC's 10th Largest Position

DSM Capital Partners LLC boosted its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,025,130 shares of the business services provider's stock after purchasing an additional 10,431 shares during the period. Fiserv comprises about 3.3% of DSM Capital Partners LLC's investment portfolio, making the stock its 10th biggest position. DSM Capital Partners LLC owned approximately 0.18% of Fiserv worth $210,582,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Valley National Advisers Inc. purchased a new position in shares of Fiserv in the fourth quarter valued at about $29,000. Compass Financial Services Inc purchased a new position in shares of Fiserv in the fourth quarter valued at about $31,000. Kennebec Savings Bank purchased a new position in shares of Fiserv in the third quarter valued at about $40,000. Roxbury Financial LLC purchased a new position in shares of Fiserv in the fourth quarter valued at about $50,000. Finally, Friedenthal Financial purchased a new position in shares of Fiserv in the fourth quarter valued at about $49,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Trading Down 0.8 %

Shares of FI traded down $1.96 during mid-day trading on Friday, reaching $232.47. 4,404,077 shares of the company's stock traded hands, compared to its average volume of 2,787,555. The stock has a market cap of $132.26 billion, a P/E ratio of 43.13, a P/E/G ratio of 1.53 and a beta of 0.94. The stock's 50-day moving average is $213.81 and its two-hundred day moving average is $198.28. Fiserv, Inc. has a 12 month low of $145.98 and a 12 month high of $237.99. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07.

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

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

Analyst Ratings Changes

Several brokerages have recently commented on FI. Keefe, Bruyette & Woods boosted their price objective on Fiserv from $238.00 to $260.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Barclays lifted their target price on Fiserv from $235.00 to $265.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Stephens lifted their target price on Fiserv from $255.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Wells Fargo & Company lifted their target price on Fiserv from $240.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, Royal Bank of Canada lifted their target price on Fiserv from $255.00 to $270.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $239.83.

Insider Activity

In related news, COO Guy Chiarello sold 45,000 shares of the business's 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 completion of the sale, the chief operating officer now owns 227,711 shares in the company, valued at approximately $53,637,326.05. The trade was 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 the SEC website. Insiders own 0.75% of the company's stock.

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.