Capital International Sarl Acquires 3,816 Shares of Fiserv, Inc. (NYSE:FI)

Capital International Sarl raised its holdings in Fiserv, Inc. (NYSE:FI) by 38.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,816 shares of the business services provider’s stock after purchasing an additional 3,816 shares during the quarter. Capital International Sarl’s holdings in Fiserv were worth $2,838,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in Fiserv by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 11,891,207 shares of the business services provider’s stock worth $2,435,280,000 after buying an additional 218,833 shares in the last quarter. FMR LLC raised its stake in shares of Fiserv by 22.5% in the fourth quarter. FMR LLC now owns 11,568,895 shares of the business services provider’s stock worth $2,376,482,000 after acquiring an additional 2,126,419 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Fiserv by 16.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,030,889 shares of the business services provider’s stock worth $1,649,705,000 after purchasing an additional 1,121,597 shares in the last quarter. Norges Bank bought a new stake in shares of Fiserv during the fourth quarter valued at approximately $1,406,452,000. Finally, Alliancebernstein L.P. increased its holdings in shares of Fiserv by 65.6% in the fourth quarter. Alliancebernstein L.P. now owns 5,437,246 shares of the business services provider’s stock valued at $1,116,919,000 after purchasing an additional 2,153,554 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In other 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 value of $10,599,750.00. Following the sale, the chief operating officer now owns 227,711 shares of the company’s stock, valued at $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.75% of the stock is owned by insiders.

Fiserv Stock Performance

Shares of FI stock opened at $208.51 on Friday. The company has a market capitalization of $116.47 billion, a P/E ratio of 38.68, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. Fiserv, Inc. has a 52 week low of $145.98 and a 52 week high of $238.59. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The company’s 50 day moving average price is $219.31 and its two-hundred day moving average price is $211.30.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. On average, analysts expect 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 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 repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on FI shares. 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. The Goldman Sachs Group upgraded Fiserv from a “neutral” rating to a “buy” rating and raised their price target for the company from $246.00 to $260.00 in a report on Wednesday, April 2nd. Morgan Stanley boosted their price objective on Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Susquehanna reduced their target price on shares of Fiserv from $270.00 to $250.00 and set a “positive” rating on the stock in a research note on Tuesday. Finally, Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $234.79.

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.