Orion Portfolio Solutions LLC Buys 384,263 Shares of Fiserv, Inc. (NYSE:FI)

Orion Portfolio Solutions LLC increased its position in Fiserv, Inc. (NYSE:FI - Free Report) by 935.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 425,336 shares of the business services provider's stock after buying an additional 384,263 shares during the period. Fiserv accounts for approximately 0.9% of Orion Portfolio Solutions LLC's investment portfolio, making the stock its 13th biggest holding. Orion Portfolio Solutions LLC owned about 0.07% of Fiserv worth $87,373,000 at the end of the most recent reporting period.

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

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Insider Buying and Selling

In related 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.75% of the stock is currently owned by insiders.

Fiserv Stock Performance

Shares of Fiserv stock traded up $0.55 during trading hours on Tuesday, reaching $221.38. The company had a trading volume of 922,015 shares, compared to its average volume of 2,991,012. The firm has a market cap of $124.26 billion, a PE ratio of 41.07, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. Fiserv, Inc. has a one year low of $145.98 and a one year high of $238.59. 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 business has a fifty day simple moving average of $222.25 and a 200 day simple moving average of $208.51.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results 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%. On average, analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its Board of Directors has initiated a share 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 reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FI shares. Keefe, Bruyette & Woods upped their price target on Fiserv from $238.00 to $260.00 and gave the stock an "outperform" 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 report on Tuesday, January 14th. KeyCorp increased their price objective on shares of Fiserv from $250.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. The Goldman Sachs Group boosted their target price on Fiserv from $208.00 to $231.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 3rd. Finally, Stephens increased their price target on Fiserv from $255.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $242.32.

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.