Fiserv, Inc. (NYSE:FI) Shares Acquired by Otter Creek Advisors LLC

Otter Creek Advisors LLC increased its position in shares of Fiserv, Inc. (NYSE:FI) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,728 shares of the business services provider’s stock after purchasing an additional 101 shares during the quarter. Fiserv accounts for approximately 4.2% of Otter Creek Advisors LLC’s investment portfolio, making the stock its largest position. Otter Creek Advisors LLC’s holdings in Fiserv were worth $6,107,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of FI. Valley National Advisers Inc. acquired a new position in shares of Fiserv during the 4th quarter worth $29,000. Marshall Investment Management LLC acquired a new position in Fiserv during the fourth quarter worth about $29,000. Compass Financial Services Inc bought a new position in shares of Fiserv in the fourth quarter worth about $31,000. Kennebec Savings Bank acquired a new stake in shares of Fiserv in the 3rd quarter valued at approximately $40,000. Finally, Friedenthal Financial bought a new stake in shares of Fiserv during the 4th quarter valued at approximately $49,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on FI shares. Stephens increased their price objective on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Oppenheimer increased their price target on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Barclays boosted their price objective on Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Wells Fargo & Company increased their target price on Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and an average price target of $239.83.

Fiserv Stock Performance

NYSE:FI opened at $229.58 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a twelve month low of $145.98 and a twelve month high of $237.99. The company has a fifty day moving average of $215.50 and a 200-day moving average of $200.07. The firm has a market capitalization of $128.86 billion, a P/E ratio of 42.59, a P/E/G ratio of 1.52 and a beta of 0.94.

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 net margin of 15.31% and a return on equity of 17.93%. As a group, sell-side analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv declared that its Board of Directors has authorized a stock buyback plan on Thursday, February 20th that allows the company to repurchase 60,000,000 outstanding shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the firm’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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.75% of the company’s stock.

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.