Fiserv, Inc. (NYSE:FI) Shares Bought by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. lifted its holdings in Fiserv, Inc. (NYSE:FI) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,133 shares of the business services provider’s stock after purchasing an additional 336 shares during the period. Tandem Investment Advisors Inc.’s holdings in Fiserv were worth $8,244,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Valley National Advisers Inc. bought a new stake in Fiserv during the fourth quarter worth approximately $29,000. Compass Financial Services Inc bought a new position in shares of Fiserv in the fourth quarter valued at $31,000. Kennebec Savings Bank acquired a new stake in shares of Fiserv during the 3rd quarter valued at $40,000. Friedenthal Financial bought a new stake in shares of Fiserv during the 4th quarter worth $49,000. Finally, Eastern Bank acquired a new position in shares of Fiserv in the 3rd quarter worth $50,000. 90.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FI. Keefe, Bruyette & Woods upped their target price on Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Wells Fargo & Company upped their price objective on shares of Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Mizuho raised their target price on shares of Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. KeyCorp boosted their price target on shares of Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, BMO Capital Markets raised their price objective on shares of Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Fiserv has a consensus rating of “Buy” and a consensus price target of $239.83.

Insider Activity

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

Fiserv Trading Down 0.7 %

NYSE:FI opened at $234.63 on Friday. The company has a market capitalization of $133.48 billion, a P/E ratio of 43.53, a P/E/G ratio of 1.53 and a beta of 0.94. The stock’s 50 day moving average price is $213.26 and its 200 day moving average price is $197.74. 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, Inc. has a 52 week low of $145.98 and a 52 week high of $238.00.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping 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%. On average, research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its Board of Directors has initiated a share buyback program on Thursday, February 20th that authorizes the company to buyback 60,000,000 outstanding shares. This buyback authorization authorizes the business services provider to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s management 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.