Stifel Financial Corp Has $57.81 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Stifel Financial Corp increased its position in Fiserv, Inc. (NYSE:FI - Free Report) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 281,444 shares of the business services provider's stock after buying an additional 1,975 shares during the period. Stifel Financial Corp's holdings in Fiserv were worth $57,814,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Marshall Investment Management LLC acquired a new stake in Fiserv in the 4th quarter worth about $29,000. Valley National Advisers Inc. acquired a new position in shares of Fiserv in the 4th quarter valued at $29,000. Compass Financial Services Inc purchased a new stake in shares of Fiserv during the 4th quarter valued at $31,000. Campbell Capital Management Inc. acquired a new stake in shares of Fiserv during the 4th quarter worth $37,000. Finally, Knuff & Co LLC acquired a new position in Fiserv in the fourth quarter valued at $45,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Fiserv 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 transaction 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.75% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FI shares. BMO Capital Markets dropped their price objective on shares of Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a research report on Friday. Royal Bank of Canada boosted their price target on Fiserv from $255.00 to $270.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Susquehanna cut their price objective on shares of Fiserv from $250.00 to $240.00 and set a "positive" rating on the stock in a report on Friday. The Goldman Sachs Group raised Fiserv from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $246.00 to $260.00 in a research report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods reduced their price target on Fiserv from $260.00 to $240.00 and set an "outperform" rating for the company in a report on Friday. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Fiserv currently has an average rating of "Moderate Buy" and an average price target of $233.33.

Fiserv Price Performance

Shares of NYSE:FI traded up $0.65 during trading on Friday, reaching $177.55. The company had a trading volume of 7,893,959 shares, compared to its average volume of 2,789,293. Fiserv, Inc. has a twelve month low of $146.25 and a twelve month high of $238.59. 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 firm has a market capitalization of $99.17 billion, a PE ratio of 32.94, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The firm's fifty day moving average is $216.08 and its 200 day moving average is $211.78.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.06. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The company had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $4.86 billion. On average, equities analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv declared that its board has authorized a stock repurchase plan on Thursday, February 20th that allows the company to buyback 60,000,000 outstanding shares. This buyback authorization allows the business services provider to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

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.