Fiserv, Inc. (NYSE:FI) Holdings Raised by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,616,841 shares of the business services provider's stock after acquiring an additional 384,564 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.81% of Fiserv worth $948,391,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Marshall Investment Management LLC purchased a new position in Fiserv in the fourth quarter valued at about $29,000. Valley National Advisers Inc. acquired a new stake in shares of Fiserv in the 4th quarter worth approximately $29,000. Compass Financial Services Inc purchased a new position in Fiserv in the 4th quarter valued at approximately $31,000. Campbell Capital Management Inc. purchased a new position in Fiserv in the 4th quarter valued at approximately $37,000. Finally, Quarry LP boosted its position in shares of Fiserv by 51.9% in the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock worth $42,000 after buying an additional 70 shares in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Stock Performance

FI stock traded down $2.32 during trading on Friday, hitting $159.02. 8,355,681 shares of the company's stock traded hands, compared to its average volume of 3,075,772. 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 $146.25 and a 52 week high of $238.59. The stock has a fifty day moving average price of $197.21 and a two-hundred day moving average price of $208.96. The stock has a market capitalization of $88.17 billion, a price-to-earnings ratio of 29.50, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, beating the consensus estimate of $2.08 by $0.06. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The company's quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.88 EPS. As a group, equities analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its Board of Directors has initiated a share repurchase program on Thursday, February 20th that allows the company to repurchase 60,000,000 shares. This repurchase authorization allows the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on FI shares. The Goldman Sachs Group lowered their target price on Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a report on Monday, May 19th. JPMorgan Chase & Co. cut their target price on shares of Fiserv from $211.00 to $210.00 and set an "overweight" rating for the company in a research note on Monday, May 19th. Wall Street Zen initiated coverage on shares of Fiserv in a report on Sunday, March 23rd. They issued a "buy" rating on the stock. Morgan Stanley reiterated an "overweight" rating and set a $268.00 price target (up from $267.00) on shares of Fiserv in a report on Friday, April 25th. Finally, Royal Bank of Canada set a $237.00 price objective on shares of Fiserv in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $224.20.

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.