1,065 Shares in Fiserv, Inc. (NYSE:FI) Bought by Wilkinson Global Asset Management LLC

Wilkinson Global Asset Management LLC purchased a new stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,065 shares of the business services provider's stock, valued at approximately $219,000.

A number of other large investors have also added to or reduced their stakes in the company. FMR LLC raised its position in Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider's stock valued at $1,696,341,000 after purchasing an additional 1,427,664 shares in the last quarter. Sanders Capital LLC purchased a new stake in Fiserv during the third quarter valued at about $764,543,000. Barclays PLC raised its position in Fiserv by 3.0% during the third quarter. Barclays PLC now owns 1,685,157 shares of the business services provider's stock valued at $302,737,000 after purchasing an additional 48,413 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Fiserv by 0.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider's stock valued at $236,739,000 after purchasing an additional 4,218 shares in the last quarter. Finally, Provident Trust Co. raised its position in Fiserv by 15.8% during the fourth quarter. Provident Trust Co. now owns 1,278,089 shares of the business services provider's stock valued at $262,545,000 after purchasing an additional 174,505 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Mizuho raised their price target on Fiserv from $183.00 to $222.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Stephens raised their price objective on Fiserv from $255.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. The Goldman Sachs Group raised their price objective on Fiserv from $208.00 to $231.00 and gave the company a "neutral" rating in a research note on Tuesday, December 3rd. Citigroup raised their price objective on Fiserv from $230.00 to $233.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada raised their price objective on Fiserv from $255.00 to $270.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $239.83.

Fiserv Stock Performance

NYSE:FI traded down $1.96 during trading hours on Friday, reaching $232.47. The company had a trading volume of 4,404,077 shares, compared to its average volume of 2,787,555. 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, Inc. has a 52 week low of $145.98 and a 52 week high of $237.99. The firm has a market cap of $132.26 billion, a price-to-earnings ratio of 43.13, a PEG ratio of 1.53 and a beta of 0.94. The firm's 50 day moving average price is $213.81 and its 200-day moving average price is $198.28.

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, 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 year.

Fiserv announced that its Board of Directors has initiated a share repurchase plan 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. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

Insider Activity

In other news, COO Guy Chiarello sold 45,000 shares of the business's stock in a transaction on Thursday, February 20th. The shares were 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 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 legal filing with the SEC, which is available at this link. 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.