Nuveen Asset Management LLC Acquires 340,938 Shares of Fiserv, Inc. (NYSE:FI)

Nuveen Asset Management LLC raised its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,936,554 shares of the business services provider's stock after acquiring an additional 340,938 shares during the period. Nuveen Asset Management LLC owned 1.22% of Fiserv worth $1,424,907,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in FI. Barclays PLC boosted its position in shares of Fiserv by 3.0% during the third quarter. Barclays PLC now owns 1,685,157 shares of the business services provider's stock worth $302,737,000 after buying an additional 48,413 shares during the period. Trust Co. of Toledo NA OH boosted its position in Fiserv by 8.9% during the 4th quarter. Trust Co. of Toledo NA OH now owns 1,902 shares of the business services provider's stock worth $391,000 after acquiring an additional 156 shares during the period. Capital Investment Advisors LLC grew its stake in shares of Fiserv by 4.9% in the fourth quarter. Capital Investment Advisors LLC now owns 4,906 shares of the business services provider's stock worth $1,008,000 after purchasing an additional 229 shares in the last quarter. Wedmont Private Capital raised its stake in shares of Fiserv by 5.8% during the fourth quarter. Wedmont Private Capital now owns 6,583 shares of the business services provider's stock valued at $1,320,000 after purchasing an additional 363 shares in the last quarter. Finally, Friedenthal Financial acquired a new stake in Fiserv in the fourth quarter worth about $49,000. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Up 1.1%

Fiserv stock traded up $1.84 during trading hours on Monday, hitting $168.50. The company had a trading volume of 2,133,104 shares, compared to its average volume of 2,983,470. The firm's fifty day moving average is $202.24 and its 200-day moving average is $210.41. The firm has a market capitalization of $93.42 billion, a P/E ratio of 31.28, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. Fiserv, Inc. has a fifty-two week low of $146.25 and a fifty-two week high of $238.59. 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 (NYSE:FI - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.06. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same period last year, the company earned $1.88 earnings per share. Fiserv's quarterly revenue was up 5.1% compared to the same quarter last year. On average, research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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

Insider Activity 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 stock was sold at an average price of $235.55, for a total transaction 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 represents a 16.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.74% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on FI shares. Redburn Atlantic reiterated a "sell" rating and issued a $150.00 price objective on shares of Fiserv in a report on Thursday, April 17th. Keefe, Bruyette & Woods decreased their price target on Fiserv from $260.00 to $240.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Royal Bank of Canada set a $237.00 price objective on Fiserv in a research note on Friday, April 25th. UBS Group cut their price objective on Fiserv from $265.00 to $255.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $268.00 target price (up previously from $267.00) on shares of Fiserv in a research note on Friday, April 25th. Two 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 given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $228.44.

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.