Fox Run Management L.L.C. Takes $781,000 Position in Fiserv, Inc. (NYSE:FI)

Fox Run Management L.L.C. bought a new stake in Fiserv, Inc. (NYSE:FI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,804 shares of the business services provider's stock, valued at approximately $781,000.

A number of other institutional investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new position in Fiserv in the 4th quarter valued at about $43,330,000. Sei Investments Co. raised its holdings in shares of Fiserv by 57.6% in the fourth quarter. Sei Investments Co. now owns 959,157 shares of the business services provider's stock valued at $197,031,000 after purchasing an additional 350,627 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Fiserv by 2.4% during the fourth quarter. American Century Companies Inc. now owns 745,481 shares of the business services provider's stock valued at $153,137,000 after purchasing an additional 17,694 shares in the last quarter. Vestor Capital LLC boosted its holdings in Fiserv by 24.7% during the fourth quarter. Vestor Capital LLC now owns 129,423 shares of the business services provider's stock worth $26,586,000 after purchasing an additional 25,649 shares during the last quarter. Finally, Mizuho Securities USA LLC grew its position in Fiserv by 44.4% in the 4th quarter. Mizuho Securities USA LLC now owns 53,921 shares of the business services provider's stock worth $11,076,000 after purchasing an additional 16,588 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FI has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price objective on Fiserv from $208.00 to $231.00 and gave the company a "neutral" rating in a research note on Tuesday, December 3rd. Oppenheimer increased their price target on shares of Fiserv from $214.00 to $239.00 and gave the company an "outperform" rating in a research report on Thursday, December 19th. Wells Fargo & Company lifted their price objective on shares of Fiserv from $240.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods increased their target price on shares of Fiserv from $238.00 to $260.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Finally, Citigroup raised their price target on shares of Fiserv from $230.00 to $233.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $242.32.

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Fiserv Price Performance

Shares of FI traded down $3.03 during mid-day trading on Friday, reaching $216.15. 2,499,694 shares of the stock traded hands, compared to its average volume of 2,629,312. The company has a market cap of $121.32 billion, a price-to-earnings ratio of 40.10, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. Fiserv, Inc. has a 1 year low of $145.98 and a 1 year high of $238.59. The firm has a fifty day moving average price of $222.00 and a 200 day moving average price of $207.67. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI - Get Free Report) last posted its earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, topping 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%. As a group, equities research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv declared that its Board of Directors has approved a stock repurchase plan on Thursday, February 20th that permits the company to buyback 60,000,000 outstanding shares. This buyback authorization permits the business services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its shares are undervalued.

Insider Activity at Fiserv

In related 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 value of $10,599,750.00. Following the transaction, the chief operating officer now owns 227,711 shares of the company's stock, valued at $53,637,326.05. This represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.75% of the stock is currently owned by 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.