Fiserv, Inc. (NYSE:FI) Shares Bought by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Fiserv, Inc. (NYSE:FI) by 8.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,719 shares of the business services provider’s stock after buying an additional 1,605 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in Fiserv were worth $4,051,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Valley National Advisers Inc. purchased a new position in Fiserv in the 4th quarter worth approximately $29,000. Marshall Investment Management LLC purchased a new position in Fiserv during the fourth quarter worth approximately $29,000. Compass Financial Services Inc acquired a new position in Fiserv during the fourth quarter worth $31,000. Campbell Capital Management Inc. purchased a new stake in shares of Fiserv in the fourth quarter valued at about $37,000. Finally, Knuff & Co LLC purchased a new stake in shares of Fiserv in the 4th quarter valued at approximately $45,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the business’s stock in a transaction dated 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.75% of the stock is owned by insiders.

Fiserv Stock Down 0.3 %

FI opened at $207.93 on Tuesday. Fiserv, Inc. has a one year low of $146.25 and a one year 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 stock has a market capitalization of $116.14 billion, a P/E ratio of 38.58, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The business’s 50-day simple moving average is $218.91 and its 200-day simple moving average is $211.85.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, topping 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%. Analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its Board of Directors has authorized a stock buyback program on Thursday, February 20th that authorizes the company to buyback 60,000,000 shares. This buyback authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

FI has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their price objective on Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Citigroup boosted their price target on shares of Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Redburn Atlantic reissued a “sell” rating and issued a $150.00 price objective on shares of Fiserv in a research note on Thursday, April 17th. 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 report on Tuesday, April 15th. Finally, StockNews.com started coverage on shares of Fiserv in a research note on Sunday, March 23rd. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus target price 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.