O Shaughnessy Asset Management LLC Raises Stock Holdings in Fiserv, Inc. (NYSE:FI)

O Shaughnessy Asset Management LLC increased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 10.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,773 shares of the business services provider’s stock after acquiring an additional 6,590 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Fiserv were worth $14,127,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of FI. Valley National Advisers Inc. bought a new stake in shares of Fiserv during the 4th quarter worth $29,000. Marshall Investment Management LLC bought a new stake in Fiserv in the fourth quarter worth about $29,000. Compass Financial Services Inc purchased a new position in Fiserv in the fourth quarter valued at about $31,000. Campbell Capital Management Inc. purchased a new stake in shares of Fiserv during the 4th quarter worth approximately $37,000. Finally, Knuff & Co LLC bought a new stake in shares of Fiserv in the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FI. Wells Fargo & Company raised their target price on Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Morgan Stanley boosted their price objective on Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Citigroup increased their target price on shares of Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. KeyCorp boosted their price target 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, Royal Bank of Canada raised their price objective on shares of Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Two analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Fiserv has a consensus rating of “Buy” and a consensus target price of $242.32.

Fiserv Trading Down 1.4 %

Shares of FI opened at $216.15 on Monday. Fiserv, Inc. has a 1-year low of $145.98 and a 1-year high of $238.59. The company has a market capitalization of $121.32 billion, a P/E ratio of 40.10, a P/E/G 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 firm’s 50 day simple moving average is $222.00 and its 200 day simple moving average is $208.17.

Fiserv (NYSE:FI) 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%. Sell-side analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its board has approved a stock repurchase program on Thursday, February 20th that allows the company to buyback 60,000,000 outstanding shares. This buyback authorization allows the business services provider to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In related news, COO Guy Chiarello sold 45,000 shares of the firm’s 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 transaction, the chief operating officer now directly owns 227,711 shares of the company’s stock, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.75% of the company’s stock.

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.