Mn Services Vermogensbeheer B.V. Acquires 4,400 Shares of Fiserv, Inc. (NYSE:FI)

Mn Services Vermogensbeheer B.V. raised its holdings in Fiserv, Inc. (NYSE:FI) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 237,300 shares of the business services provider’s stock after buying an additional 4,400 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Fiserv were worth $48,746,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Marshall Investment Management LLC bought a new position in Fiserv during the fourth quarter worth $29,000. Valley National Advisers Inc. bought a new position in shares of Fiserv during the 4th quarter worth about $29,000. Compass Financial Services Inc acquired a new stake in shares of Fiserv in the 4th quarter valued at about $31,000. Kennebec Savings Bank bought a new stake in Fiserv in the 3rd quarter valued at about $40,000. Finally, Roxbury Financial LLC acquired a new position in Fiserv during the 4th quarter worth approximately $50,000. 90.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related 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 completion of the sale, 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.75% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. KeyCorp boosted their price objective on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Wells Fargo & Company upped their price objective on shares of Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. BMO Capital Markets lifted their price objective on shares of Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Finally, StockNews.com lowered Fiserv from a “buy” rating to a “hold” rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and a consensus target price of $239.83.

Fiserv Stock Performance

NYSE:FI opened at $229.58 on Thursday. Fiserv, Inc. has a twelve month low of $145.98 and a twelve month high of $237.99. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The stock has a market cap of $128.86 billion, a P/E ratio of 42.59, a PEG ratio of 1.52 and a beta of 0.94. The business’s 50-day moving average price is $215.50 and its two-hundred day moving average price is $200.07.

Fiserv (NYSE:FI) last announced its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) 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, equities analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its Board of Directors has authorized 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 purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Fiserv 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.