Settian Capital LP Makes New Investment in Fiserv, Inc. (NYSE:FI)

Settian Capital LP purchased a new stake in Fiserv, Inc. (NYSE:FI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,000 shares of the business services provider's stock, valued at approximately $1,438,000. Fiserv makes up 1.0% of Settian Capital LP's investment portfolio, making the stock its 25th largest holding.

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

Analyst Ratings Changes

FI has been the topic of a number of research analyst reports. Royal Bank of Canada lifted their target price on Fiserv from $255.00 to $270.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. BMO Capital Markets lifted their price target on shares of Fiserv from $233.00 to $260.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Morgan Stanley boosted their price target on shares of Fiserv from $258.00 to $267.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Susquehanna increased their price objective on shares of Fiserv from $230.00 to $270.00 and gave the stock a "positive" rating in a research report on Monday, February 10th. Finally, Stephens lifted their target price on shares of Fiserv from $255.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $239.83.

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Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the 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 transaction, the chief operating officer now directly owns 227,711 shares of the company's stock, valued at $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 is accessible through the SEC website. Corporate insiders own 0.75% of the company's stock.

Fiserv Stock Up 1.7 %

Shares of NYSE:FI traded up $3.81 during trading hours on Monday, reaching $221.90. The stock had a trading volume of 1,685,762 shares, compared to its average volume of 2,519,593. Fiserv, Inc. has a 1 year low of $145.98 and a 1 year high of $238.59. The firm's 50 day moving average is $220.87 and its 200-day moving average is $206.81. The stock has a market capitalization of $124.55 billion, a price-to-earnings ratio of 41.17, a P/E/G ratio of 1.52 and a beta of 0.93. 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 earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating 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%. Research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its board has initiated a stock repurchase plan on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

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.