6,113 Shares in Fiserv, Inc. (NYSE:FI) Bought by Machina Capital S.A.S.

Machina Capital S.A.S. bought a new stake in Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,113 shares of the business services provider’s stock, valued at approximately $1,256,000.

A number of other institutional investors have also recently added to or reduced their stakes in FI. Soros Capital Management LLC lifted its stake in shares of Fiserv by 71.7% in the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock valued at $9,844,000 after purchasing an additional 22,884 shares in the last quarter. Czech National Bank lifted its position in Fiserv by 5.2% during the fourth quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock valued at $25,339,000 after buying an additional 6,072 shares in the last quarter. Chiron Investment Management LLC purchased a new stake in Fiserv during the third quarter worth approximately $4,709,000. Trust Co. of Vermont grew its stake in Fiserv by 170.4% during the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock worth $1,405,000 after buying an additional 4,310 shares during the period. Finally, Cardano Risk Management B.V. acquired a new stake in shares of Fiserv in the fourth quarter worth $97,254,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the company’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 transaction of $10,599,750.00. Following the completion of the transaction, the chief operating officer now directly owns 227,711 shares of the company’s stock, valued at approximately $53,637,326.05. This represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.75% of the company’s stock.

Fiserv Trading Down 0.9 %

Shares of NYSE FI opened at $218.04 on Friday. The stock has a market capitalization of $122.38 billion, a P/E ratio of 40.45, a PEG ratio of 1.52 and a beta of 0.93. The stock’s 50 day moving average price is $218.31 and its two-hundred day moving average price is $202.88. 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 $238.59.

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

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

Analyst Upgrades and Downgrades

FI has been the topic of several recent research reports. Citigroup lifted their target price on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Morgan Stanley boosted 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. StockNews.com lowered Fiserv from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. The Goldman Sachs Group boosted their price target on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Susquehanna upped 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. Three equities 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. According to data from MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and a consensus price target of $239.83.

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.