Fiserv, Inc. (NYSE:FI) Shares Bought by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich increased its position in Fiserv, Inc. (NYSE:FI) by 6.2% in the 4th quarter, Holdings Channel reports. The firm owned 1,068,916 shares of the business services provider’s stock after buying an additional 62,044 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Fiserv were worth $234,871,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Machina Capital S.A.S. purchased a new position in shares of Fiserv in the 4th quarter valued at approximately $1,256,000. Mesirow Financial Investment Management Inc. increased its holdings in Fiserv by 8.7% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 2,928 shares of the business services provider’s stock valued at $601,000 after buying an additional 235 shares in the last quarter. Andra AP fonden raised its holdings in Fiserv by 536.4% during the fourth quarter. Andra AP fonden now owns 61,695 shares of the business services provider’s stock worth $12,673,000 after purchasing an additional 52,000 shares during the last quarter. Edgestream Partners L.P. raised its stake in shares of Fiserv by 100.1% during the 4th quarter. Edgestream Partners L.P. now owns 6,087 shares of the business services provider’s stock worth $1,250,000 after buying an additional 3,045 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its holdings in shares of Fiserv by 9.3% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 18,069 shares of the business services provider’s stock valued at $3,712,000 after purchasing an additional 1,530 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on FI shares. Stephens increased their price objective on Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods increased their target price on Fiserv from $238.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Oppenheimer lifted their price target on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada lifted their target price on Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $239.83.

Fiserv Trading Down 0.9 %

NYSE:FI opened at $218.04 on Friday. The stock has a market cap of $122.38 billion, a price-to-earnings ratio of 40.45, a PEG ratio of 1.52 and a beta of 0.93. The business has a fifty day moving average of $218.31 and a 200-day moving average of $202.88. Fiserv, Inc. has a 1 year low of $145.98 and a 1 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.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. Equities analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its board has initiated a share buyback plan 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. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at Fiserv

In other Fiserv 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 transaction of $10,599,750.00. Following the sale, the chief operating officer now owns 227,711 shares in the company, valued at approximately $53,637,326.05. The trade was a 16.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.75% of the company’s stock.

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.