MML Investors Services LLC Raises Holdings in Fiserv, Inc. (NYSE:FI)

MML Investors Services LLC increased its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 126,013 shares of the business services provider's stock after acquiring an additional 4,585 shares during the period. MML Investors Services LLC's holdings in Fiserv were worth $25,886,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC boosted its holdings in shares of Fiserv by 3.0% during the third quarter. Barclays PLC now owns 1,685,157 shares of the business services provider's stock worth $302,737,000 after purchasing an additional 48,413 shares during the period. Invst LLC bought a new position in shares of Fiserv during the third quarter valued at approximately $211,000. SkyView Investment Advisors LLC lifted its stake in Fiserv by 4.4% in the third quarter. SkyView Investment Advisors LLC now owns 5,275 shares of the business services provider's stock worth $948,000 after acquiring an additional 223 shares during the period. Anchor Investment Management LLC increased its position in Fiserv by 1.4% during the 3rd quarter. Anchor Investment Management LLC now owns 35,463 shares of the business services provider's stock valued at $6,371,000 after purchasing an additional 497 shares during the period. Finally, World Investment Advisors LLC raised its holdings in Fiserv by 1,469.7% in the 3rd quarter. World Investment Advisors LLC now owns 55,802 shares of the business services provider's stock worth $10,025,000 after purchasing an additional 52,247 shares in the last quarter. Institutional investors own 90.98% of the company's stock.

Fiserv Price Performance

Shares of Fiserv stock traded up $0.65 during mid-day trading on Friday, reaching $177.55. 7,893,728 shares of the stock traded hands, compared to its average volume of 2,790,328. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The business has a 50-day moving average of $217.25 and a 200 day moving average of $211.85. The stock has a market capitalization of $99.17 billion, a PE ratio of 32.94, a PEG ratio of 1.52 and a beta of 0.91. Fiserv, Inc. has a fifty-two week low of $146.25 and a fifty-two week high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share 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. On average, analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv declared that its Board of Directors has approved a share repurchase program on Thursday, February 20th that permits the company to buyback 60,000,000 outstanding shares. This buyback authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

FI has been the subject of several research analyst reports. KeyCorp raised their price objective on shares of Fiserv from $250.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Wells Fargo & Company lifted their target price on Fiserv from $240.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Seaport Res Ptn upgraded shares of Fiserv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. StockNews.com began coverage on Fiserv in a research note on Sunday, March 23rd. They set a "buy" rating for the company. Finally, Redburn Atlantic restated a "sell" rating and issued a $150.00 price objective on shares of Fiserv in a research note on Thursday, April 17th. 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Fiserv currently has an average rating of "Moderate Buy" and an average target price of $233.33.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of Fiserv 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 transaction, the chief operating officer now owns 227,711 shares in the company, valued at $53,637,326.05. The trade was a 16.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.75% of the stock is owned by insiders.

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.