Taikang Asset Management Hong Kong Co Ltd Purchases 300 Shares of Fiserv, Inc. (NYSE:FI)

Taikang Asset Management Hong Kong Co Ltd lifted its position in Fiserv, Inc. (NYSE:FI) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,300 shares of the business services provider’s stock after purchasing an additional 300 shares during the quarter. Taikang Asset Management Hong Kong Co Ltd’s holdings in Fiserv were worth $4,581,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CoreFirst Bank & Trust acquired a new position in shares of Fiserv in the 4th quarter valued at $1,315,000. ICW Investment Advisors LLC raised its position in Fiserv by 4.7% in the fourth quarter. ICW Investment Advisors LLC now owns 10,571 shares of the business services provider’s stock worth $2,171,000 after purchasing an additional 473 shares in the last quarter. Sheets Smith Investment Management bought a new position in Fiserv during the fourth quarter worth about $1,432,000. Congress Wealth Management LLC DE boosted its holdings in Fiserv by 6.8% during the fourth quarter. Congress Wealth Management LLC DE now owns 3,706 shares of the business services provider’s stock valued at $761,000 after purchasing an additional 235 shares in the last quarter. Finally, Twin City Private Wealth LLC grew its stake in shares of Fiserv by 2.5% in the 4th quarter. Twin City Private Wealth LLC now owns 3,484 shares of the business services provider’s stock valued at $716,000 after purchasing an additional 85 shares during the period. 90.98% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on FI shares. KeyCorp lifted their price objective on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Barclays upped their price objective on shares of Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Susquehanna lifted their target price on shares of Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a research note on Monday, February 10th. Citigroup increased their price target on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, StockNews.com downgraded Fiserv from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $239.83.

Fiserv Stock Up 1.7 %

Shares of Fiserv stock opened at $221.90 on Tuesday. The company has a market capitalization of $124.55 billion, a P/E ratio of 41.17, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The business has a 50-day moving average of $220.87 and a two-hundred day moving average of $206.81. Fiserv, Inc. has a 1 year low of $145.98 and a 1 year high of $238.59.

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 analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. As a group, equities analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv declared that its board has initiated 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 repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its shares are undervalued.

About Fiserv

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.