NEOS Investment Management LLC Has $7.46 Million Stake in Fiserv, Inc. (NYSE:FI)

NEOS Investment Management LLC grew its holdings in Fiserv, Inc. (NYSE:FI) by 31.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,294 shares of the business services provider’s stock after purchasing an additional 8,711 shares during the quarter. NEOS Investment Management LLC’s holdings in Fiserv were worth $7,456,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Fiserv by 7.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 907,796 shares of the business services provider’s stock valued at $189,339,000 after buying an additional 59,434 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of Fiserv in the fourth quarter worth $1,089,000. Borer Denton & Associates Inc. acquired a new position in Fiserv during the 4th quarter valued at $205,000. Banco BTG Pactual S.A. bought a new stake in Fiserv in the 4th quarter valued at $616,000. Finally, Financial Counselors Inc. grew its position in Fiserv by 4.1% in the 4th quarter. Financial Counselors Inc. now owns 2,896 shares of the business services provider’s stock worth $595,000 after purchasing an additional 113 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on FI shares. Morgan Stanley upped their price objective on shares of Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Stephens raised their price objective on Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Royal Bank of Canada boosted their price objective on Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. The Goldman Sachs Group raised their target price on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Two 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 company’s stock. According to MarketBeat.com, Fiserv has an average rating of “Buy” and an average target price of $242.32.

Fiserv Price Performance

Fiserv stock opened at $219.32 on Friday. Fiserv, Inc. has a 52 week low of $145.98 and a 52 week high of $238.59. The firm has a market cap of $123.10 billion, a P/E ratio of 40.69, a P/E/G ratio of 1.52 and a beta of 0.93. 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 business’s fifty day moving average is $221.85 and its two-hundred day moving average is $207.36.

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%. Equities research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its board has initiated a share repurchase plan 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. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Activity at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the company’s stock in a transaction on 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 transaction, the chief operating officer now owns 227,711 shares of the company’s stock, valued at $53,637,326.05. This represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.75% of the stock is currently owned by company insiders.

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.