Rockefeller Capital Management L.P. Has $18.01 Million Holdings in Fiserv, Inc. (NYSE:FI)

Rockefeller Capital Management L.P. boosted its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,727 shares of the business services provider's stock after acquiring an additional 3,787 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Fiserv were worth $18,013,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FI. Valley National Advisers Inc. acquired a new position in Fiserv in the fourth quarter worth $29,000. Marshall Investment Management LLC bought a new stake in Fiserv during the 4th quarter worth about $29,000. Compass Financial Services Inc acquired a new stake in Fiserv in the 4th quarter valued at about $31,000. Campbell Capital Management Inc. acquired a new position in shares of Fiserv during the fourth quarter worth approximately $37,000. Finally, Knuff & Co LLC bought a new stake in shares of Fiserv during the fourth quarter valued at approximately $45,000. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Down 0.8 %

Shares of FI stock traded down $1.60 on Friday, hitting $208.51. 3,571,247 shares of the stock were exchanged, compared to its average volume of 2,715,057. The business has a 50-day moving average of $219.74 and a 200 day moving average of $211.11. Fiserv, Inc. has a fifty-two week low of $145.98 and a fifty-two week high of $238.59. The firm has a market capitalization of $116.47 billion, a P/E ratio of 38.68, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86.

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

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FI shares. Wells Fargo & Company upped their price objective on Fiserv from $240.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. BMO Capital Markets boosted their price objective on Fiserv from $233.00 to $260.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Citigroup upped their target price on shares of Fiserv from $230.00 to $233.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. The Goldman Sachs Group upgraded shares of Fiserv from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $246.00 to $260.00 in a research report on Wednesday, April 2nd. Finally, KeyCorp increased their price objective on shares of Fiserv from $250.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $234.79.

Insider Activity at Fiserv

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

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.