Vestor Capital LLC Boosts Holdings in Fiserv, Inc. (NYSE:FI)

Vestor Capital LLC boosted its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 24.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 129,423 shares of the business services provider's stock after acquiring an additional 25,649 shares during the quarter. Fiserv accounts for 2.0% of Vestor Capital LLC's holdings, making the stock its 11th largest position. Vestor Capital LLC's holdings in Fiserv were worth $26,586,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of FI. Sanders Capital LLC acquired a new stake in Fiserv in the third quarter valued at approximately $764,543,000. Raymond James Financial Inc. acquired a new stake in Fiserv in the 4th quarter valued at $614,982,000. FMR LLC increased its holdings in Fiserv by 17.8% in the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider's stock worth $1,696,341,000 after acquiring an additional 1,427,664 shares in the last quarter. Madison Investment Advisors LLC acquired a new position in Fiserv during the fourth quarter worth $134,710,000. Finally, Kovitz Investment Group Partners LLC lifted its holdings in Fiserv by 788.7% during the third quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider's stock valued at $109,700,000 after purchasing an additional 561,377 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Down 0.4 %

FI traded down $0.87 on Wednesday, hitting $221.75. 1,690,103 shares of the company were exchanged, compared to its average volume of 2,510,285. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The company has a market cap of $124.47 billion, a price-to-earnings ratio of 41.14, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. The firm has a 50-day moving average price of $221.23 and a two-hundred day moving average price of $207.18. Fiserv, Inc. has a twelve month low of $145.98 and a twelve month high of $238.59.

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Fiserv (NYSE:FI - Get Free Report) last released its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share 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, equities analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its board has authorized a stock repurchase program 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 programs are usually an indication that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FI. Royal Bank of Canada raised their price target on shares of Fiserv from $255.00 to $270.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Oppenheimer lifted their price target on Fiserv from $214.00 to $239.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Wells Fargo & Company lifted their target price on shares of Fiserv from $240.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. BMO Capital Markets increased their price target on shares of Fiserv from $233.00 to $260.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Finally, Susquehanna raised their price target on shares of Fiserv from $230.00 to $270.00 and gave the stock a "positive" rating in a report on Monday, February 10th. Three research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $239.83.

Insider Transactions at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction dated 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 directly owns 227,711 shares of the company's stock, valued at $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 available at this link. Corporate insiders own 0.75% of the company's stock.

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.