PNC Financial Services Group Inc. Purchases 3,946 Shares of Fiserv, Inc. (NYSE:FI)

PNC Financial Services Group Inc. grew its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 149,671 shares of the business services provider's stock after buying an additional 3,946 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Fiserv were worth $30,745,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FI. Valley National Advisers Inc. purchased a new position in shares of Fiserv in the 4th quarter worth approximately $29,000. Marshall Investment Management LLC purchased a new position in Fiserv in the fourth quarter worth $29,000. Compass Financial Services Inc purchased a new position in Fiserv in the fourth quarter worth $31,000. Kennebec Savings Bank purchased a new position in shares of Fiserv in the 3rd quarter worth about $40,000. Finally, Friedenthal Financial purchased a new position in shares of Fiserv in the 4th quarter worth about $49,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the firm's stock in a transaction 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 sale, the chief operating officer now owns 227,711 shares in the company, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.75% of the company's stock.

Fiserv Stock Performance

NYSE FI opened at $218.04 on Monday. Fiserv, Inc. has a 1 year low of $145.98 and a 1 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 stock has a market capitalization of $122.38 billion, a PE ratio of 40.45, a P/E/G ratio of 1.52 and a beta of 0.93. The company's 50 day simple moving average is $218.31 and its two-hundred day simple moving average is $203.37.

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Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. Analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its board has authorized a share buyback plan on Thursday, February 20th that permits the company to buyback 60,000,000 outstanding shares. This buyback authorization permits the business services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts recently weighed in on FI shares. The Goldman Sachs Group boosted their price target on shares of Fiserv from $208.00 to $231.00 and gave the stock a "neutral" rating in a report on Tuesday, December 3rd. Seaport Res Ptn upgraded shares of Fiserv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. StockNews.com downgraded Fiserv from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Keefe, Bruyette & Woods upped their price objective on Fiserv from $238.00 to $260.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Finally, Oppenheimer upped their price target on Fiserv from $214.00 to $239.00 and gave the company an "outperform" rating in a research report on Thursday, December 19th. Three 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $239.83.

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.

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