Fort Sheridan Advisors LLC Invests $200,000 in Fiserv, Inc. (NYSE:FI)

Fort Sheridan Advisors LLC bought a new stake in Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 975 shares of the business services provider’s stock, valued at approximately $200,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sanders Capital LLC bought a new stake in shares of Fiserv during the third quarter worth about $764,543,000. FMR LLC boosted its stake in Fiserv by 17.8% during the 3rd 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 during the last quarter. Kovitz Investment Group Partners LLC increased its holdings in Fiserv by 788.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock worth $109,700,000 after purchasing an additional 561,377 shares in the last quarter. Mizuho Securities USA LLC raised its stake in shares of Fiserv by 1,238.6% in the third quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock worth $108,488,000 after purchasing an additional 558,774 shares during the last quarter. Finally, Proficio Capital Partners LLC lifted its holdings in shares of Fiserv by 30,479.9% in the fourth quarter. Proficio Capital Partners LLC now owns 484,997 shares of the business services provider’s stock valued at $99,628,000 after purchasing an additional 483,411 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FI. Susquehanna upped their price target on Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a report on Monday, February 10th. Keefe, Bruyette & Woods increased their target price on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. BMO Capital Markets raised their price target on shares of Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, 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 report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $239.83.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the firm’s 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 completion of the transaction, the chief operating officer now directly owns 227,711 shares of the company’s stock, valued at $53,637,326.05. This trade represents a 16.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.75% of the stock is owned by corporate insiders.

Fiserv Stock Performance

Shares of FI stock opened at $235.67 on Friday. Fiserv, Inc. has a 12 month low of $145.98 and a 12 month high of $237.99. The stock has a market capitalization of $132.28 billion, a P/E ratio of 43.72, a PEG ratio of 1.52 and a beta of 0.94. 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 firm’s 50 day moving average is $216.68 and its 200 day moving average is $200.81.

Fiserv (NYSE:FI) last posted its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. On average, sell-side analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its board has initiated a stock buyback plan on Thursday, February 20th that allows the company to buyback 60,000,000 shares. This buyback authorization allows the business services provider to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

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.