OneDigital Investment Advisors LLC Increases Stock Position in Fiserv, Inc. (NYSE:FI)

OneDigital Investment Advisors LLC increased its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 7.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 28,584 shares of the business services provider's stock after buying an additional 1,860 shares during the period. OneDigital Investment Advisors LLC's holdings in Fiserv were worth $5,872,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Czech National Bank raised its stake in Fiserv by 5.2% in the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider's stock worth $25,339,000 after purchasing an additional 6,072 shares in the last quarter. Trust Co. of Vermont increased its holdings in shares of Fiserv by 170.4% during the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider's stock worth $1,405,000 after purchasing an additional 4,310 shares during the period. Cardano Risk Management B.V. acquired a new stake in shares of Fiserv in the fourth quarter valued at approximately $97,254,000. Root Financial Partners LLC bought a new stake in shares of Fiserv in the fourth quarter valued at approximately $257,000. Finally, World Investment Advisors LLC grew its position in Fiserv by 1,469.7% during the third quarter. World Investment Advisors LLC now owns 55,802 shares of the business services provider's stock worth $10,025,000 after buying an additional 52,247 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Trading Up 0.4 %

Shares of FI traded up $0.65 during mid-day trading on Friday, reaching $177.55. 7,893,959 shares of the company were exchanged, compared to its average volume of 2,789,296. The business has a 50 day simple moving average of $216.08 and a two-hundred day simple moving average of $211.78. Fiserv, Inc. has a 52 week low of $146.25 and a 52 week high of $238.59. 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. 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 posted its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.06. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The company had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $4.86 billion. On average, analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its Board of Directors has authorized a stock buyback plan on Thursday, February 20th that allows the company to repurchase 60,000,000 outstanding shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

Several equities analysts have weighed in on FI shares. StockNews.com began coverage on Fiserv in a report on Sunday, March 23rd. They issued a "buy" rating for the company. KeyCorp boosted their price target on Fiserv from $250.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Susquehanna reduced their price objective on shares of Fiserv from $250.00 to $240.00 and set a "positive" rating on the stock in a research note on Friday. Keefe, Bruyette & Woods dropped their target price on shares of Fiserv from $260.00 to $240.00 and set an "outperform" rating for the company in a research report on Friday. Finally, Wells Fargo & Company lifted their price objective on shares of Fiserv from $240.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Fiserv presently has a consensus rating of "Moderate Buy" and an average target price of $233.33.

Insider Activity

In related news, COO Guy Chiarello sold 45,000 shares of Fiserv 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 of the company's stock, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.75% of the stock is currently owned by company 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.