MONECO Advisors LLC Buys 305 Shares of Fiserv, Inc. (NYSE:FI)

MONECO Advisors LLC increased its stake in Fiserv, Inc. (NYSE:FI) by 8.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,897 shares of the business services provider’s stock after purchasing an additional 305 shares during the period. MONECO Advisors LLC’s holdings in Fiserv were worth $801,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Howard Capital Management Inc. raised its position in Fiserv by 6.9% in the 4th quarter. Howard Capital Management Inc. now owns 4,025 shares of the business services provider’s stock worth $827,000 after purchasing an additional 260 shares during the last quarter. Marshall Investment Management LLC bought a new stake in shares of Fiserv during the 4th quarter valued at $29,000. Fisher Funds Management LTD bought a new stake in shares of Fiserv during the 4th quarter valued at $28,894,000. Capital City Trust Co. FL raised its position in shares of Fiserv by 1.1% during the 4th quarter. Capital City Trust Co. FL now owns 27,887 shares of the business services provider’s stock valued at $5,729,000 after acquiring an additional 305 shares during the last quarter. Finally, Callan Capital LLC raised its position in shares of Fiserv by 6.1% during the 4th quarter. Callan Capital LLC now owns 1,729 shares of the business services provider’s stock valued at $355,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on FI. Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Wells Fargo & Company upped their target price on shares of Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods upped their target price on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. KeyCorp upped their target price on shares of Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Barclays upped their target price on shares of Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Fiserv currently has an average rating of “Buy” and an average target price of $239.83.

Fiserv Price Performance

Shares of NYSE FI opened at $232.47 on Monday. The company has a fifty day moving average price of $213.81 and a 200 day moving average price of $198.86. 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 1-year low of $145.98 and a 1-year high of $237.99. The firm has a market cap of $132.26 billion, a PE ratio of 43.13, a PEG ratio of 1.52 and a beta of 0.94.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, topping 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%. Research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its board has authorized a stock buyback plan on Thursday, February 20th that authorizes the company to repurchase 60,000,000 outstanding shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, COO Guy Chiarello sold 45,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $53,637,326.05. This represents a 16.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.75% of the stock is owned by insiders.

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.