Fiserv, Inc. (NYSE:FI) is XTX Topco Ltd's 9th Largest Position

XTX Topco Ltd increased its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 90.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,451 shares of the business services provider's stock after purchasing an additional 11,582 shares during the period. Fiserv accounts for 0.4% of XTX Topco Ltd's portfolio, making the stock its 9th largest holding. XTX Topco Ltd's holdings in Fiserv were worth $5,023,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FI. Geode Capital Management LLC lifted its stake in Fiserv by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 11,891,207 shares of the business services provider's stock worth $2,435,280,000 after purchasing an additional 218,833 shares in the last quarter. FMR LLC lifted its position in shares of Fiserv by 22.5% in the fourth quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock worth $2,376,482,000 after buying an additional 2,126,419 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Fiserv by 16.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,030,889 shares of the business services provider's stock valued at $1,649,705,000 after buying an additional 1,121,597 shares in the last quarter. Norges Bank purchased a new stake in shares of Fiserv during the 4th quarter worth approximately $1,406,452,000. Finally, Alliancebernstein L.P. lifted its position in Fiserv by 65.6% during the fourth quarter. Alliancebernstein L.P. now owns 5,437,246 shares of the business services provider's stock valued at $1,116,919,000 after purchasing an additional 2,153,554 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Stock Performance

Fiserv stock traded down $1.60 during mid-day trading on Friday, hitting $208.51. The company had a trading volume of 3,571,247 shares, compared to its average volume of 2,715,057. 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 company's fifty day moving average is $219.74 and its 200-day moving average is $211.11. Fiserv, Inc. has a 12-month low of $145.98 and a 12-month high of $238.59. The company has a market capitalization of $116.47 billion, a price-to-earnings 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 issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping analysts' consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv declared that its board has authorized a share buyback program on Thursday, February 20th that authorizes the company to buyback 60,000,000 shares. This buyback authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. KeyCorp raised their price objective on Fiserv from $250.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Susquehanna dropped their target price on shares of Fiserv from $270.00 to $250.00 and set a "positive" rating on the stock in a research note on Tuesday. Oppenheimer upped their price objective on shares of Fiserv from $214.00 to $239.00 and gave the stock an "outperform" rating in a research note on Thursday, December 19th. Seaport Res Ptn raised shares of Fiserv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Finally, Royal Bank of Canada upped their price target on shares of Fiserv from $255.00 to $270.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Two 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 issued a strong buy rating to the company's stock. According to MarketBeat.com, Fiserv currently has an average rating of "Moderate Buy" and an average price target of $234.79.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 45,000 shares of the company'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 transaction of $10,599,750.00. Following the completion of the transaction, the chief operating officer now directly owns 227,711 shares of the company's stock, valued at $53,637,326.05. This represents a 16.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.75% of the stock is currently owned by company insiders.

Fiserv Company 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.