Fiserv, Inc. (NYSE:FI) is Night Owl Capital Management LLC's 4th Largest Position

Night Owl Capital Management LLC lifted its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 270,029 shares of the business services provider's stock after acquiring an additional 8,559 shares during the quarter. Fiserv accounts for about 7.2% of Night Owl Capital Management LLC's investment portfolio, making the stock its 4th largest holding. Night Owl Capital Management LLC's holdings in Fiserv were worth $55,469,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Valley National Advisers Inc. purchased a new position in shares of Fiserv in the fourth quarter worth approximately $29,000. Marshall Investment Management LLC purchased a new position in shares of Fiserv in the fourth quarter worth approximately $29,000. Compass Financial Services Inc purchased a new position in shares of Fiserv in the fourth quarter worth approximately $31,000. Campbell Capital Management Inc. purchased a new position in shares of Fiserv in the fourth quarter worth approximately $37,000. Finally, Quarry LP boosted its holdings in shares of Fiserv by 51.9% in the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock worth $42,000 after buying an additional 70 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Fiserv Trading Up 4.7%

FI stock traded up $7.50 during mid-day trading on Friday, reaching $166.63. 11,450,947 shares of the stock traded hands, compared to its average volume of 2,986,813. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. Fiserv, Inc. has a one year low of $146.25 and a one year high of $238.59. The stock has a market capitalization of $92.38 billion, a PE ratio of 30.91, a PEG ratio of 1.52 and a beta of 0.97. The business has a 50-day moving average price of $202.24 and a two-hundred day moving average price of $210.25.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share 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 for the quarter, compared to analysts' expectations of $4.86 billion. During the same quarter in the previous year, the business posted $1.88 earnings per share. The business's revenue was up 5.1% compared to the same quarter last year. Equities research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv declared that its board has approved a share 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 purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FI. BMO Capital Markets reduced their price objective on shares of Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Wells Fargo & Company increased their price objective on shares of Fiserv from $240.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Morgan Stanley reissued an "overweight" rating and issued a $268.00 price objective (up from $267.00) on shares of Fiserv in a research note on Friday, April 25th. StockNews.com began coverage on shares of Fiserv in a research note on Sunday, March 23rd. They issued a "buy" rating for the company. Finally, Monness Crespi & Hardt cut shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price objective for the company. in a research note on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $230.00.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the company'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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.74% of the company's stock.

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.