MGO One Seven LLC Buys 1,436 Shares of Fiserv, Inc. (NYSE:FI)

MGO One Seven LLC grew its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 10.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,721 shares of the business services provider's stock after acquiring an additional 1,436 shares during the quarter. MGO One Seven LLC's holdings in Fiserv were worth $3,229,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Pinebridge Investments L.P. lifted its position in Fiserv by 1,231.1% in the 4th quarter. Pinebridge Investments L.P. now owns 87,536 shares of the business services provider's stock valued at $17,982,000 after acquiring an additional 80,960 shares in the last quarter. Quantessence Capital LLC purchased a new stake in shares of Fiserv in the fourth quarter worth approximately $638,000. Alta Advisers Ltd lifted its holdings in shares of Fiserv by 17.1% in the fourth quarter. Alta Advisers Ltd now owns 1,873 shares of the business services provider's stock valued at $385,000 after purchasing an additional 273 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Fiserv by 0.7% during the fourth quarter. Stifel Financial Corp now owns 281,444 shares of the business services provider's stock valued at $57,814,000 after buying an additional 1,975 shares during the last quarter. Finally, OneDigital Investment Advisors LLC grew its holdings in Fiserv by 7.0% during the fourth quarter. OneDigital Investment Advisors LLC now owns 28,584 shares of the business services provider's stock worth $5,872,000 after buying an additional 1,860 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, COO Guy Chiarello sold 45,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 227,711 shares of the company's stock, valued at approximately $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 accessible through the SEC website. Company insiders own 0.75% of the company's stock.

Fiserv Stock Performance

FI stock traded up $0.65 during midday trading on Friday, reaching $177.55. 7,893,959 shares of the company's stock traded hands, compared to its average volume of 2,787,661. 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 company has a 50-day moving average price of $216.08 and a two-hundred day moving average price of $211.95. Fiserv, Inc. has a 52 week low of $146.25 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 released its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $4.86 billion. As a group, equities analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its board has initiated a stock buyback plan on Thursday, February 20th that allows the company to buyback 60,000,000 shares. This buyback authorization allows the business services provider to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages have weighed in on FI. Citigroup dropped their price objective on Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a research note on Friday. StockNews.com assumed coverage on Fiserv in a report on Sunday, March 23rd. They issued a "buy" rating for the company. Morgan Stanley reiterated an "overweight" rating and set a $268.00 price target (up from $267.00) on shares of Fiserv in a report on Friday. Royal Bank of Canada upped their price objective on Fiserv from $255.00 to $270.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Finally, Susquehanna decreased their target price on Fiserv from $250.00 to $240.00 and set a "positive" rating for the company in a research report on Friday. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Fiserv has an average rating of "Moderate Buy" and a consensus target price of $233.33.

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.