OMERS ADMINISTRATION Corp Has $6.13 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

OMERS ADMINISTRATION Corp raised its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 26.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,845 shares of the business services provider's stock after purchasing an additional 6,214 shares during the period. OMERS ADMINISTRATION Corp's holdings in Fiserv were worth $6,131,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in FI. Trust Co. of Vermont boosted its position in Fiserv by 170.4% in the 4th quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider's stock worth $1,405,000 after purchasing an additional 4,310 shares in the last quarter. Root Financial Partners LLC acquired a new stake in Fiserv in the 4th quarter valued at approximately $257,000. Merit Financial Group LLC grew its stake in shares of Fiserv by 146.9% in the fourth quarter. Merit Financial Group LLC now owns 19,803 shares of the business services provider's stock worth $4,068,000 after acquiring an additional 11,783 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Fiserv by 0.8% during the fourth quarter. Principal Financial Group Inc. now owns 929,193 shares of the business services provider's stock worth $190,875,000 after purchasing an additional 7,183 shares in the last quarter. Finally, USAdvisors Wealth Management LLC acquired a new position in Fiserv during the fourth quarter worth approximately $322,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Price Performance

Shares of NYSE:FI traded up $1.86 during midday trading on Monday, reaching $168.52. 2,133,104 shares of the company's stock traded hands, compared to its average volume of 3,734,815. Fiserv, Inc. has a 1 year low of $146.25 and a 1 year high of $238.59. The company has a market cap of $93.43 billion, a P/E ratio of 31.28, a PEG ratio of 1.52 and a beta of 0.97. The company has a fifty day simple moving average of $202.24 and a two-hundred day simple moving average of $210.41. 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 (NYSE:FI - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The company's quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the company earned $1.88 EPS. Equities analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its board has initiated a share repurchase plan on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 45,000 shares of the company's stock in a transaction on Thursday, February 20th. The stock was 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 in the company, valued at $53,637,326.05. This represents a 16.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.74% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FI. JPMorgan Chase & Co. dropped their price objective on Fiserv from $211.00 to $210.00 and set an "overweight" rating on the stock in a report on Monday. UBS Group reduced their target price on shares of Fiserv from $265.00 to $255.00 and set a "buy" rating on the stock in a report on Friday, April 25th. StockNews.com began coverage on shares of Fiserv in a research report on Sunday, March 23rd. They issued a "buy" rating for the company. Piper Sandler set a $218.00 price objective on shares of Fiserv in a research report on Friday, April 25th. Finally, BMO Capital Markets lowered their price objective on shares of Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a research report 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 assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $228.44.

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.