Bellecapital International Ltd. Raises Stock Position in Fiserv, Inc. (NYSE:FI)

Bellecapital International Ltd. increased its stake in Fiserv, Inc. (NYSE:FI) by 2.5% during the 4th quarter, HoldingsChannel reports. The firm owned 75,304 shares of the business services provider’s stock after buying an additional 1,856 shares during the period. Fiserv comprises 2.7% of Bellecapital International Ltd.’s holdings, making the stock its 14th largest position. Bellecapital International Ltd.’s holdings in Fiserv were worth $15,469,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Marshall Investment Management LLC purchased a new position in shares of Fiserv during the 4th quarter worth $29,000. Valley National Advisers Inc. purchased a new position in shares of Fiserv during the 4th quarter worth $29,000. Compass Financial Services Inc bought a new stake in shares of Fiserv during the 4th quarter valued at $31,000. Kennebec Savings Bank bought a new stake in shares of Fiserv during the 3rd quarter valued at $40,000. Finally, Roxbury Financial LLC bought a new stake in shares of Fiserv during the 4th quarter valued at $50,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. KeyCorp raised their price objective on shares of Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Oppenheimer raised 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. Citigroup raised 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. Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, Compass Point began 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. Three research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $239.83.

Fiserv Price Performance

FI stock opened at $235.67 on Friday. Fiserv, Inc. has a 12 month low of $145.98 and a 12 month high of $237.99. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The company has a 50-day moving average price of $216.68 and a 200 day moving average price of $201.08. The stock has a market cap of $132.28 billion, a PE ratio of 43.72, 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 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 anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its board has initiated a stock repurchase plan on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $235.55, for a total value 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 $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 available at this hyperlink. 0.75% of the stock is owned by corporate insiders.

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.