Mufg Securities Americas Inc. Invests $1.73 Million in Fiserv, Inc. (NYSE:FI)

Mufg Securities Americas Inc. bought a new stake in Fiserv, Inc. (NYSE:FI - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 8,398 shares of the business services provider's stock, valued at approximately $1,725,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Man Group plc grew its position in Fiserv by 90.2% in the 4th quarter. Man Group plc now owns 85,458 shares of the business services provider's stock worth $17,555,000 after purchasing an additional 40,525 shares during the last quarter. Nomura Holdings Inc. grew its position in Fiserv by 172.9% in the 4th quarter. Nomura Holdings Inc. now owns 30,951 shares of the business services provider's stock worth $6,358,000 after purchasing an additional 19,609 shares during the last quarter. Night Owl Capital Management LLC grew its position in Fiserv by 3.3% in the 4th quarter. Night Owl Capital Management LLC now owns 270,029 shares of the business services provider's stock worth $55,469,000 after purchasing an additional 8,559 shares during the last quarter. NorthRock Partners LLC grew its position in Fiserv by 69.8% in the 4th quarter. NorthRock Partners LLC now owns 6,287 shares of the business services provider's stock worth $1,291,000 after purchasing an additional 2,584 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its position in Fiserv by 5.2% in the 4th quarter. Nuveen Asset Management LLC now owns 6,936,554 shares of the business services provider's stock worth $1,424,907,000 after purchasing an additional 340,938 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Trading Up 1.4%

Shares of FI traded up $2.40 on Monday, reaching $169.06. 2,597,566 shares of the company's stock were exchanged, compared to its average volume of 2,985,773. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $93.73 billion, a P/E ratio of 31.37, a price-to-earnings-growth 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 $210.41. Fiserv, Inc. has a 12 month low of $146.25 and a 12 month high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly 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. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Fiserv's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.88 earnings per share. Research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its Board of Directors has initiated a stock buyback program on Thursday, February 20th that authorizes the company to buyback 60,000,000 shares. This buyback authorization authorizes the business services provider to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $235.55, for a total transaction 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. The trade was a 16.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.74% of the stock is currently owned by insiders.

Analyst Ratings Changes

FI has been the topic of several recent research reports. Morgan Stanley reiterated an "overweight" rating and set a $268.00 target price (up from $267.00) on shares of Fiserv in a research report on Friday, April 25th. The Goldman Sachs Group dropped their target price on Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a report on Monday. Barclays dropped their target price on Fiserv from $265.00 to $230.00 and set an "overweight" rating for the company in a report on Monday, April 28th. StockNews.com began coverage on Fiserv in a report on Sunday, March 23rd. They issued a "buy" rating for the company. Finally, Royal Bank of Canada set a $237.00 target price on Fiserv in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Fiserv presently has an average rating of "Moderate Buy" and a consensus target price of $225.80.

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.