Marshall Wace LLP Has $68.92 Million Holdings in Fiserv, Inc. (NYSE:FI)

Marshall Wace LLP grew its position in shares of Fiserv, Inc. (NYSE:FI) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 335,514 shares of the business services provider’s stock after buying an additional 4,514 shares during the quarter. Marshall Wace LLP’s holdings in Fiserv were worth $68,921,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Czech National Bank increased its holdings in Fiserv by 5.2% during the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock valued at $25,339,000 after purchasing an additional 6,072 shares in the last quarter. Trust Co. of Vermont grew its holdings in shares of Fiserv by 170.4% during the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock worth $1,405,000 after purchasing an additional 4,310 shares during the last quarter. Cardano Risk Management B.V. acquired a new stake in shares of Fiserv in the fourth quarter valued at $97,254,000. Root Financial Partners LLC bought a new position in shares of Fiserv in the fourth quarter valued at about $257,000. Finally, World Investment Advisors LLC lifted its position in Fiserv by 1,469.7% during the 3rd quarter. World Investment Advisors LLC now owns 55,802 shares of the business services provider’s stock worth $10,025,000 after buying an additional 52,247 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was 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 owns 227,711 shares in the company, valued at approximately $53,637,326.05. The trade was a 16.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on FI shares. Oppenheimer boosted their target price 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. StockNews.com began coverage on shares of Fiserv in a research report on Sunday, March 23rd. They issued a “buy” rating for the company. Barclays increased their price objective on Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Citigroup boosted their target price on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $238.48.

Fiserv Trading Down 1.2 %

NYSE FI opened at $210.30 on Thursday. Fiserv, Inc. has a one year low of $145.98 and a one year high of $238.59. 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 has a market cap of $117.47 billion, a P/E ratio of 39.02, a P/E/G ratio of 1.52 and a beta of 0.91. The stock’s 50-day moving average is $220.18 and its 200-day moving average is $210.91.

Fiserv (NYSE:FI) last released its quarterly earnings results 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 anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its Board of Directors has approved a share buyback program on Thursday, February 20th that allows the company to repurchase 60,000,000 outstanding shares. This repurchase authorization allows the business services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is 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.