Fmr LLC Buys 2,126,419 Shares of Fiserv, Inc. (NYSE:FI)

FMR LLC increased its position in Fiserv, Inc. (NYSE:FI - Free Report) by 22.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,568,895 shares of the business services provider's stock after buying an additional 2,126,419 shares during the quarter. FMR LLC owned 2.03% of Fiserv worth $2,376,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jacobi Capital Management LLC grew its stake in shares of Fiserv by 0.4% during the fourth quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider's stock valued at $2,281,000 after buying an additional 44 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Fiserv by 1.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider's stock valued at $841,000 after acquiring an additional 45 shares during the period. Catalina Capital Group LLC increased its stake in Fiserv by 2.3% in the 4th quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider's stock worth $444,000 after purchasing an additional 48 shares during the period. Mount Yale Investment Advisors LLC increased its stake in Fiserv by 1.2% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider's stock worth $848,000 after purchasing an additional 50 shares during the period. Finally, Hemington Wealth Management lifted its position in Fiserv by 6.1% in the fourth quarter. Hemington Wealth Management now owns 864 shares of the business services provider's stock valued at $177,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

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Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the stock in a transaction 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 sale, the chief operating officer now directly owns 227,711 shares in the company, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.75% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

FI has been the topic of several analyst reports. StockNews.com began coverage on shares of Fiserv in a research note on Sunday, March 23rd. They issued a "buy" rating on the stock. Wells Fargo & Company boosted their price objective on shares of Fiserv from $240.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Oppenheimer increased their target price on shares of Fiserv from $214.00 to $239.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. KeyCorp boosted their price target on Fiserv from $250.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, BMO Capital Markets increased their price objective on Fiserv from $233.00 to $260.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $239.35.

Fiserv Stock Up 2.1 %

Shares of Fiserv stock traded up $4.31 during midday trading on Friday, hitting $208.69. The company had a trading volume of 949,859 shares, compared to its average volume of 2,705,254. The company has a 50 day moving average of $221.39 and a 200 day moving average of $210.22. The stock has a market capitalization of $116.57 billion, a P/E ratio of 38.48, a P/E/G ratio of 1.52 and a beta of 0.91. Fiserv, Inc. has a 52-week low of $145.98 and a 52-week 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.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating the consensus estimate 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 analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its board has approved 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 usually a sign that the company's board of directors believes its stock is 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.