Fiserv, Inc. (NYSE:FI) Stock Holdings Boosted by Man Group plc

Man Group plc lifted its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 90.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 85,458 shares of the business services provider's stock after buying an additional 40,525 shares during the period. Man Group plc's holdings in Fiserv were worth $17,555,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the stock in a transaction that occurred on 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 sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.74% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. KeyCorp raised their price target 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. Stephens raised their price target on shares of Fiserv from $255.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Susquehanna dropped their price target on shares of Fiserv from $250.00 to $240.00 and set a "positive" rating on the stock in a research report on Friday, April 25th. Monness Crespi & Hardt lowered shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 target price on the stock. in a research report on Wednesday, April 9th. Finally, Redburn Atlantic reissued a "sell" rating and set a $150.00 target price on shares of Fiserv in a research note on Thursday, April 17th. Two investment 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $225.80.

Fiserv Trading Down 1.9%

Shares of FI stock traded down $3.13 during trading hours on Tuesday, hitting $166.01. The company had a trading volume of 5,133,658 shares, compared to its average volume of 3,011,203. The company's fifty day moving average is $201.41 and its 200 day moving average is $210.18. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. Fiserv, Inc. has a fifty-two week low of $146.25 and a fifty-two week high of $238.59. The stock has a market capitalization of $92.04 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97.

Fiserv (NYSE:FI - Get Free Report) last released its earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.08 by $0.06. The company had revenue of $4.79 billion for 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 firm's quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.88 EPS. Research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its Board of Directors has authorized a share repurchase program on Thursday, February 20th that allows the company to buyback 60,000,000 outstanding shares. This buyback authorization allows the business services provider to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.

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.