NEOS Investment Management LLC grew its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 31.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,294 shares of the business services provider's stock after purchasing an additional 8,711 shares during the quarter. NEOS Investment Management LLC's holdings in Fiserv were worth $7,456,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of FI. Valley National Advisers Inc. purchased a new position in shares of Fiserv during the 4th quarter worth $29,000. Marshall Investment Management LLC acquired a new position in Fiserv in the 4th quarter valued at about $29,000. Compass Financial Services Inc purchased a new stake in shares of Fiserv in the 4th quarter valued at approximately $31,000. Campbell Capital Management Inc. acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $37,000. Finally, Knuff & Co LLC purchased a new stake in shares of Fiserv during the 4th quarter valued at approximately $45,000. Hedge funds and other institutional investors own 90.98% of the company's stock.
Fiserv Stock Down 0.0 %
NYSE FI traded down $0.04 during trading on Tuesday, reaching $220.79. 787,017 shares of the company's stock were exchanged, compared to its average volume of 2,628,605. Fiserv, Inc. has a 1 year low of $145.98 and a 1 year high of $238.59. The stock has a market cap of $123.93 billion, a P/E ratio of 40.93, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. 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 company has a 50 day moving average price of $222.25 and a two-hundred day moving average price of $208.51.
Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (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%. On average, equities research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.
Fiserv announced that its board has authorized a stock buyback plan on Thursday, February 20th that permits the company to repurchase 60,000,000 shares. This repurchase authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.
Wall Street Analyst Weigh In
FI has been the subject of several recent analyst reports. The Goldman Sachs Group raised their target price on Fiserv from $208.00 to $231.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 3rd. KeyCorp lifted their price target 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. BMO Capital Markets upped their price objective on shares of Fiserv from $233.00 to $260.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Morgan Stanley lifted their target price on shares of Fiserv from $258.00 to $267.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, Citigroup upped their price target on Fiserv from $230.00 to $233.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $242.32.
Read Our Latest Stock Report on Fiserv
Insider Activity at Fiserv
In related news, COO Guy Chiarello sold 45,000 shares of the business's 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 completion of 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 Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.75% of the company's stock.
About Fiserv
(
Free Report)
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.
Further Reading
Before you consider Fiserv, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fiserv wasn't on the list.
While Fiserv currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
