Fiserv, Inc. (NYSE:FI) Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC increased its stake in Fiserv, Inc. (NYSE:FI) by 31.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,294 shares of the business services provider’s stock after buying an additional 8,711 shares during the period. NEOS Investment Management LLC’s holdings in Fiserv were worth $7,456,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FI. Czech National Bank grew its position in shares of Fiserv by 5.2% in the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock worth $25,339,000 after acquiring an additional 6,072 shares in the last quarter. Chiron Investment Management LLC bought a new position in Fiserv during the third quarter worth $4,709,000. Trust Co. of Vermont boosted its holdings in Fiserv by 170.4% in the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock worth $1,405,000 after purchasing an additional 4,310 shares during the period. Cardano Risk Management B.V. bought a new stake in Fiserv during the fourth quarter valued at $97,254,000. Finally, M&T Bank Corp raised its holdings in shares of Fiserv by 12.0% during the third quarter. M&T Bank Corp now owns 140,460 shares of the business services provider’s stock worth $25,234,000 after purchasing an additional 15,103 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the firm’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 transaction, the chief operating officer now directly owns 227,711 shares in the company, valued at $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.75% of the company’s stock.

Fiserv Trading Down 1.1 %

NYSE FI opened at $219.32 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a 1-year low of $145.98 and a 1-year high of $238.59. The firm’s fifty day simple moving average is $221.85 and its 200-day simple moving average is $207.36. The company has a market capitalization of $123.10 billion, a PE ratio of 40.69, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. As a group, sell-side analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Barclays lifted their price target on shares of Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Wells Fargo & Company upped their target price on Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Susquehanna raised their price target on Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a report on Monday, February 10th. Morgan Stanley upped their price objective on Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Citigroup raised their target price on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $242.32.

About Fiserv

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.