Vinva Investment Management Ltd Increases Stock Holdings in Fiserv, Inc. (NYSE:FI)

Vinva Investment Management Ltd boosted its position in Fiserv, Inc. (NYSE:FI - Free Report) by 15.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 28,777 shares of the business services provider's stock after purchasing an additional 3,881 shares during the period. Vinva Investment Management Ltd's holdings in Fiserv were worth $5,936,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jacobi Capital Management LLC grew its position in shares of Fiserv by 0.4% during the 4th quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider's stock worth $2,281,000 after buying an additional 44 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of Fiserv by 1.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider's stock worth $841,000 after purchasing an additional 45 shares in the last quarter. Catalina Capital Group LLC grew its stake in shares of Fiserv by 2.3% in the 4th quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider's stock valued at $444,000 after buying an additional 48 shares during the period. Mount Yale Investment Advisors LLC raised its stake in Fiserv by 1.2% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider's stock worth $848,000 after buying an additional 50 shares during the period. Finally, Hemington Wealth Management grew its stake in Fiserv by 6.1% in the fourth quarter. Hemington Wealth Management now owns 864 shares of the business services provider's stock valued at $177,000 after acquiring an additional 50 shares during the period. Institutional investors own 90.98% of the company's stock.

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Fiserv Price Performance

Shares of Fiserv stock traded down $3.78 during trading on Friday, hitting $218.01. The stock had a trading volume of 3,537,416 shares, compared to its average volume of 2,522,943. The business's 50-day moving average is $220.46 and its 200 day moving average is $206.23. Fiserv, Inc. has a 12 month low of $145.98 and a 12 month high of $238.59. The firm has a market cap of $122.37 billion, a price-to-earnings ratio of 40.45, a P/E/G ratio of 1.52 and a beta of 0.93. 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 for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. As a group, sell-side analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its board has authorized a share buyback program on Thursday, February 20th that permits the company to buyback 60,000,000 shares. This buyback authorization permits the business services provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. BMO Capital Markets upped their price objective on shares of Fiserv from $233.00 to $260.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Susquehanna raised their price target on shares of Fiserv from $230.00 to $270.00 and gave the company a "positive" rating in a research report on Monday, February 10th. Royal Bank of Canada lifted their price target on Fiserv from $255.00 to $270.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods increased their price objective on Fiserv from $238.00 to $260.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Finally, StockNews.com downgraded shares of Fiserv from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Fiserv presently has an average rating of "Moderate Buy" and a consensus target price of $239.83.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the firm's stock in a transaction that occurred 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 owns 227,711 shares in the company, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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.