Vanguard Group Inc. Has $10.18 Billion Stake in Fiserv, Inc. (NYSE:FI)

Vanguard Group Inc. lowered its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,544,127 shares of the business services provider's stock after selling 165,015 shares during the quarter. Vanguard Group Inc. owned about 8.71% of Fiserv worth $10,177,355,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. FMR LLC grew its holdings in shares of Fiserv by 17.8% during the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider's stock worth $1,696,341,000 after purchasing an additional 1,427,664 shares in the last quarter. Sanders Capital LLC acquired a new stake in Fiserv during the third quarter worth $764,543,000. Bank of New York Mellon Corp boosted its stake in Fiserv by 4.7% during the fourth quarter. Bank of New York Mellon Corp now owns 3,711,072 shares of the business services provider's stock worth $762,328,000 after buying an additional 164,949 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Fiserv by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,620,785 shares of the business services provider's stock valued at $743,782,000 after buying an additional 90,475 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Fiserv in the 4th quarter valued at $614,982,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fiserv

In other Fiserv 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 sale, 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 filing with the Securities & Exchange Commission, which is accessible through this link. 0.75% of the stock is owned by insiders.

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Fiserv Stock Down 1.1 %

NYSE FI traded down $2.37 during trading hours on Thursday, reaching $219.32. 3,964,473 shares of the company's stock were exchanged, compared to its average volume of 2,516,618. 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, Inc. has a one year low of $145.98 and a one year high of $238.59. The company's 50-day moving average is $221.85 and its two-hundred day moving average is $207.36. The company has a market capitalization of $123.10 billion, a price-to-earnings ratio of 40.69, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, topping 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%. On average, analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its board has initiated a stock repurchase program on Thursday, February 20th that authorizes the company to buyback 60,000,000 outstanding shares. This buyback authorization authorizes the business services provider to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FI. Stephens lifted their target price on shares of Fiserv from $255.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. KeyCorp upped their price objective on Fiserv from $250.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Wells Fargo & Company raised their target price on Fiserv from $240.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Susquehanna upped their price target on Fiserv from $230.00 to $270.00 and gave the company a "positive" rating in a research report on Monday, February 10th. Finally, Seaport Res Ptn raised Fiserv from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Two equities 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. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $242.32.

Fiserv Company 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.