1,211 Shares in Fiserv, Inc. (NYSE:FI) Purchased by LaSalle St. Investment Advisors LLC

LaSalle St. Investment Advisors LLC bought a new position in shares of Fiserv, Inc. (NYSE:FI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,211 shares of the business services provider's stock, valued at approximately $248,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Jacobi Capital Management LLC raised its holdings in shares of Fiserv by 0.4% during the 4th quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider's stock worth $2,281,000 after buying an additional 44 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Fiserv by 1.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider's stock worth $841,000 after acquiring an additional 45 shares during the last quarter. Catalina Capital Group LLC boosted its stake in shares of Fiserv by 2.3% in the 4th quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider's stock valued at $444,000 after purchasing an additional 48 shares in the last quarter. Mount Yale Investment Advisors LLC increased its position in Fiserv by 1.2% during 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 in the last quarter. Finally, Hemington Wealth Management lifted its stake in Fiserv by 6.1% in the 4th 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. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

Shares of NYSE FI traded down $1.60 during mid-day trading on Friday, reaching $208.51. 3,571,247 shares of the company's stock were exchanged, compared to its average volume of 2,715,057. The firm has a 50-day moving average price of $219.74 and a two-hundred day moving average price of $211.11. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The firm has a market capitalization of $116.47 billion, a price-to-earnings ratio of 38.68, a price-to-earnings-growth 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.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings data 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 net margin of 15.31% and a return on equity of 17.93%. Analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

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

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief operating officer now owns 227,711 shares in the company, valued at $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.75% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on FI shares. Monness Crespi & Hardt lowered Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price objective on the stock. in a research report on Wednesday, April 9th. Stephens upped their price objective on Fiserv from $255.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Royal Bank of Canada lifted their target price 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. Barclays lifted their target price on Fiserv from $235.00 to $265.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Finally, Morgan Stanley boosted their price objective on Fiserv from $258.00 to $267.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $234.79.

About Fiserv

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.