Fiserv, Inc. (NYSE:FI) Shares Purchased by Horizon Investments LLC

Horizon Investments LLC boosted its holdings in Fiserv, Inc. (NYSE:FI) by 1.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,906 shares of the business services provider’s stock after buying an additional 77 shares during the period. Horizon Investments LLC’s holdings in Fiserv were worth $1,624,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Marshall Investment Management LLC purchased a new stake in Fiserv in the fourth quarter valued at approximately $29,000. Valley National Advisers Inc. acquired a new position in shares of Fiserv in the 4th quarter valued at $29,000. Compass Financial Services Inc purchased a new stake in shares of Fiserv during the 4th quarter valued at $31,000. Campbell Capital Management Inc. acquired a new stake in shares of Fiserv during the 4th quarter worth $37,000. Finally, Knuff & Co LLC purchased a new position in shares of Fiserv in the 4th quarter worth $45,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

FI opened at $220.87 on Thursday. The company has a market capitalization of $123.97 billion, a P/E ratio of 40.98, a PEG ratio of 1.52 and a beta of 0.93. The company has a 50-day moving average of $219.78 and a 200-day moving average of $205.59. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. Fiserv, Inc. has a 1-year low of $145.98 and a 1-year high of $238.59.

Fiserv (NYSE:FI) last announced 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 return on equity of 17.93% and a net margin of 15.31%. Equities analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

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

Insider Activity at Fiserv

In other Fiserv 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 in the company, valued at $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group boosted their price target on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Oppenheimer boosted their price objective on shares of Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Wells Fargo & Company raised their target price on shares of Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Susquehanna upped their price target on shares of Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a research report on Monday, February 10th. Finally, BMO Capital Markets raised their price objective on Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $239.83.

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.