5,293 Shares in Fiserv, Inc. (NYSE:FI) Purchased by Delta Financial Group Inc.

Delta Financial Group Inc. acquired a new position in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,293 shares of the business services provider’s stock, valued at approximately $1,087,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. MONECO Advisors LLC boosted its holdings in Fiserv by 8.5% during the fourth quarter. MONECO Advisors LLC now owns 3,897 shares of the business services provider’s stock worth $801,000 after buying an additional 305 shares in the last quarter. Howard Capital Management Inc. lifted its holdings in shares of Fiserv by 6.9% in the fourth quarter. Howard Capital Management Inc. now owns 4,025 shares of the business services provider’s stock valued at $827,000 after purchasing an additional 260 shares in the last quarter. Marshall Investment Management LLC purchased a new stake in shares of Fiserv in the fourth quarter valued at about $29,000. Fisher Funds Management LTD purchased a new stake in shares of Fiserv in the fourth quarter valued at about $28,894,000. Finally, Capital City Trust Co. FL lifted its holdings in shares of Fiserv by 1.1% in the fourth quarter. Capital City Trust Co. FL now owns 27,887 shares of the business services provider’s stock valued at $5,729,000 after purchasing an additional 305 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Compass Point assumed coverage on shares of Fiserv in a report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price target on the stock. Tigress Financial boosted their price objective on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Citigroup boosted their price objective on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. The Goldman Sachs Group boosted their price objective on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Oppenheimer boosted their price objective 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. Two research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Fiserv presently has a consensus rating of “Buy” and an average target price of $239.83.

Fiserv Price Performance

FI opened at $232.47 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a 52-week low of $145.98 and a 52-week high of $237.99. The company has a 50 day moving average of $213.81 and a two-hundred day moving average of $198.56. The company has a market cap of $132.26 billion, a P/E ratio of 43.13, a P/E/G ratio of 1.52 and a beta of 0.94.

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

Fiserv declared that its Board of Directors has authorized a stock buyback program on Thursday, February 20th that authorizes the company to buyback 60,000,000 shares. This buyback authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were 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 directly owns 227,711 shares of the company’s stock, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.