FJ Capital Management LLC Invests $339,000 in Fiserv, Inc. (NYSE:FI)

FJ Capital Management LLC acquired a new stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,648 shares of the business services provider's stock, valued at approximately $339,000.

Other institutional investors have also added to or reduced their stakes in the company. Valley National Advisers Inc. acquired a new position in shares of Fiserv during the fourth quarter worth $29,000. Marshall Investment Management LLC acquired a new position in shares of Fiserv during the fourth quarter worth $29,000. Compass Financial Services Inc bought a new stake in shares of Fiserv in the fourth quarter worth $31,000. Campbell Capital Management Inc. bought a new stake in shares of Fiserv in the fourth quarter worth $37,000. Finally, Quarry LP grew its stake 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 purchasing an additional 70 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Up 1.5%

Shares of FI traded up $2.70 on Friday, reaching $184.09. The company's stock had a trading volume of 3,881,970 shares, compared to its average volume of 2,847,504. 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 stock has a market capitalization of $102.07 billion, a PE ratio of 34.15, a PEG ratio of 1.52 and a beta of 0.97. The firm has a fifty day moving average of $206.23 and a 200-day moving average of $211.16.

Fiserv (NYSE:FI - Get Free Report) last posted its earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, topping 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 company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same quarter in the prior year, the business posted $1.88 EPS. The firm's revenue was up 5.1% compared to the same quarter last year. Equities analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its board has approved a stock buyback plan on Thursday, February 20th that permits the company to repurchase 60,000,000 shares. This repurchase authorization permits the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Citigroup reduced their price objective on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Stephens boosted their price objective on shares of Fiserv from $255.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. The Goldman Sachs Group raised shares of Fiserv from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $246.00 to $260.00 in a research note on Wednesday, April 2nd. Redburn Atlantic reissued a "sell" rating and issued a $150.00 price objective on shares of Fiserv in a research note on Thursday, April 17th. 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 issued a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $230.00.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the 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 completion of the sale, the chief operating officer now owns 227,711 shares in the company, valued at approximately $53,637,326.05. This trade represents a 16.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.74% of the stock is currently owned by company insiders.

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.