Mizuho Securities USA LLC Has $11.08 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Mizuho Securities USA LLC lifted its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 44.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,921 shares of the business services provider's stock after buying an additional 16,588 shares during the period. Mizuho Securities USA LLC's holdings in Fiserv were worth $11,076,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Valley National Advisers Inc. bought a new stake in Fiserv in the 4th quarter worth approximately $29,000. Marshall Investment Management LLC purchased a new position in shares of Fiserv in the fourth quarter valued at about $29,000. Compass Financial Services Inc bought a new position in shares of Fiserv in the fourth quarter worth about $31,000. Campbell Capital Management Inc. purchased a new position in shares of Fiserv in the fourth quarter worth $37,000. Finally, Knuff & Co LLC bought a new stake in Fiserv in the 4th quarter valued at $45,000. Institutional investors own 90.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Citigroup upped their price objective on Fiserv from $230.00 to $233.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Susquehanna lifted their target price on Fiserv from $230.00 to $270.00 and gave the company a "positive" rating in a research report on Monday, February 10th. Royal Bank of Canada raised their target price on shares of Fiserv from $255.00 to $270.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Barclays boosted their price target on Fiserv from $235.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Finally, The Goldman Sachs Group upped their target price on Fiserv from $208.00 to $231.00 and gave the company a "neutral" rating in a research report on Tuesday, December 3rd. Three research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $239.83.

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Fiserv Trading Down 0.4 %

NYSE FI traded down $0.87 during trading hours on Wednesday, hitting $221.75. The company's stock had a trading volume of 1,690,103 shares, compared to its average volume of 2,510,285. The stock has a fifty day moving average of $221.23 and a 200 day moving average of $207.18. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a twelve month low of $145.98 and a twelve month high of $238.59. The firm has a market capitalization of $124.47 billion, a P/E ratio of 41.14, a PEG ratio of 1.52 and a beta of 0.93.

Fiserv (NYSE:FI - Get Free Report) last issued 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 return on equity of 17.93% and a net margin of 15.31%. Equities research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its Board of Directors has authorized a share buyback program on Thursday, February 20th that permits the company to buyback 60,000,000 shares. This buyback authorization permits the business services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company's management believes its stock is undervalued.

Insider Transactions at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $235.55, for a total value of $10,599,750.00. Following the completion of the sale, 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 legal filing with the SEC, which is available through this link. 0.75% of the stock is owned by insiders.

Fiserv 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.