Fiserv, Inc. (NYSE:FI) Position Boosted by Shell Asset Management Co.

Shell Asset Management Co. grew its holdings in Fiserv, Inc. (NYSE:FI) by 13.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,155 shares of the business services provider’s stock after purchasing an additional 7,740 shares during the period. Fiserv comprises 0.6% of Shell Asset Management Co.’s portfolio, making the stock its 25th largest holding. Shell Asset Management Co.’s holdings in Fiserv were worth $13,179,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Marshall Investment Management LLC acquired a new stake in shares of Fiserv during the fourth quarter worth about $29,000. Valley National Advisers Inc. bought a new position in Fiserv in the fourth quarter valued at approximately $29,000. Compass Financial Services Inc bought a new position in Fiserv in the fourth quarter valued at approximately $31,000. Campbell Capital Management Inc. bought a new position in shares of Fiserv during the 4th quarter worth approximately $37,000. Finally, Quarry LP boosted its stake in shares of Fiserv by 51.9% during the 4th quarter. Quarry LP now owns 205 shares of the business services provider’s stock worth $42,000 after acquiring an additional 70 shares during the period. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of NYSE FI opened at $158.95 on Friday. The stock has a fifty day simple moving average of $203.19 and a two-hundred day simple moving average of $210.49. Fiserv, Inc. has a 1-year low of $146.25 and a 1-year high of $238.59. The firm has a market cap of $88.13 billion, a price-to-earnings ratio of 29.49, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.06. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The firm had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same period last year, the company earned $1.88 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its board has approved a share buyback program on Thursday, February 20th that allows the company to repurchase 60,000,000 shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction dated Thursday, February 20th. The stock was 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 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 is available at this hyperlink. 0.74% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FI has been the subject of several analyst reports. StockNews.com started coverage on Fiserv in a report on Sunday, March 23rd. They issued a “buy” rating for the company. Redburn Atlantic restated a “sell” rating and set a $150.00 price objective on shares of Fiserv in a research report on Thursday, April 17th. BMO Capital Markets reduced their price target on Fiserv from $254.00 to $232.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. UBS Group cut their target price on Fiserv from $265.00 to $255.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $268.00 price target (up from $267.00) on shares of Fiserv in a research note on Friday, April 25th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and an average target price of $230.00.

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.