Shell Asset Management Co. Purchases 7,740 Shares of Fiserv, Inc. (NYSE:FI)

Shell Asset Management Co. lifted its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 13.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,155 shares of the business services provider's stock after acquiring an additional 7,740 shares during the period. Fiserv accounts for approximately 0.6% of Shell Asset Management Co.'s holdings, making the stock its 25th biggest position. Shell Asset Management Co.'s holdings in Fiserv were worth $13,179,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Barclays PLC lifted its holdings in Fiserv by 3.0% in the 3rd quarter. Barclays PLC now owns 1,685,157 shares of the business services provider's stock valued at $302,737,000 after acquiring an additional 48,413 shares during the last quarter. Accurate Wealth Management LLC boosted its stake in shares of Fiserv by 15.3% during the 4th quarter. Accurate Wealth Management LLC now owns 1,265 shares of the business services provider's stock worth $254,000 after acquiring an additional 168 shares in the last quarter. SeaCrest Wealth Management LLC grew its holdings in shares of Fiserv by 3.9% in the 4th quarter. SeaCrest Wealth Management LLC now owns 1,782 shares of the business services provider's stock worth $366,000 after acquiring an additional 67 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its position in shares of Fiserv by 9.2% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 7,085 shares of the business services provider's stock worth $1,455,000 after purchasing an additional 596 shares during the period. Finally, Kathmere Capital Management LLC boosted its position in shares of Fiserv by 7.5% in the 4th quarter. Kathmere Capital Management LLC now owns 1,294 shares of the business services provider's stock valued at $266,000 after purchasing an additional 90 shares during the period. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Performance

NYSE:FI traded down $2.78 during trading hours on Wednesday, hitting $163.09. 2,952,620 shares of the company traded hands, compared to its average volume of 3,778,625. 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 twelve month low of $146.25 and a twelve month high of $238.59. The firm has a 50-day moving average of $200.54 and a 200 day moving average of $209.88. The stock has a market capitalization of $90.42 billion, a price-to-earnings ratio of 30.24, a P/E/G ratio of 1.52 and a beta of 0.97.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, beating analysts' consensus estimates of $2.08 by $0.06. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same quarter in the prior year, the business earned $1.88 earnings per share. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its Board of Directors has authorized a share repurchase 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 repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Insider Activity

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 value of $10,599,750.00. Following the sale, the chief operating officer now directly owns 227,711 shares in the company, valued at approximately $53,637,326.05. This represents a 16.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.74% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FI shares. Morgan Stanley restated an "overweight" rating and set a $268.00 price objective (up previously from $267.00) on shares of Fiserv in a report on Friday, April 25th. Royal Bank of Canada set a $237.00 target price on Fiserv in a report on Friday, April 25th. KeyCorp lifted their price target on Fiserv from $250.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Redburn Atlantic reissued a "sell" rating and set a $150.00 price target on shares of Fiserv in a research report on Thursday, April 17th. Finally, Mizuho set a $200.00 price objective on Fiserv in a research report on Thursday, May 15th. Two analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Fiserv presently has a consensus rating of "Moderate Buy" and a consensus price target of $224.20.

Fiserv Company 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.