Quantinno Capital Management LP Raises Position in Fiserv, Inc. (NYSE:FI)

Quantinno Capital Management LP lifted its position in Fiserv, Inc. (NYSE:FI - Free Report) by 24.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,913 shares of the business services provider's stock after acquiring an additional 9,941 shares during the period. Quantinno Capital Management LP's holdings in Fiserv were worth $10,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FI. Marshall Investment Management LLC acquired a new position in Fiserv in the fourth quarter valued at approximately $29,000. Valley National Advisers Inc. acquired a new position in shares of Fiserv in the 4th quarter valued at $29,000. Compass Financial Services Inc purchased a new stake in Fiserv during the fourth quarter worth $31,000. Campbell Capital Management Inc. acquired a new stake in Fiserv during the fourth quarter valued at $37,000. Finally, Quarry LP increased its holdings in Fiserv by 51.9% in the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after buying an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Trading Down 1.6%

FI stock traded down $2.66 during trading on Tuesday, reaching $166.48. 1,775,753 shares of the stock were exchanged, compared to its average volume of 2,994,106. 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 firm has a market capitalization of $92.30 billion, a price-to-earnings ratio of 30.97, a P/E/G ratio of 1.52 and a beta of 0.97. The business has a 50 day moving average price of $201.41 and a 200-day moving average price of $210.18. Fiserv, Inc. has a 1 year low of $146.25 and a 1 year high of $238.59.

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 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 company had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same period in the prior year, the business posted $1.88 earnings per share. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. On average, research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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

Analyst Ratings Changes

Several research firms have recently issued reports on FI. StockNews.com assumed coverage on shares of Fiserv in a research note on Sunday, March 23rd. They set a "buy" rating on the stock. Monness Crespi & Hardt downgraded Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price target on the stock. in a research report on Wednesday, April 9th. Barclays dropped their price objective on Fiserv from $265.00 to $230.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Keefe, Bruyette & Woods reduced their target price on Fiserv from $260.00 to $240.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Finally, Wells Fargo & Company lifted their price target on shares of Fiserv from $240.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Two equities 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. According to data from MarketBeat.com, Fiserv currently has a consensus rating of "Moderate Buy" and an average price target of $225.80.

Insider Activity at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of Fiserv 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 completion of the sale, the chief operating officer now directly owns 227,711 shares of the company's stock, valued at approximately $53,637,326.05. The trade was a 16.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.74% of the stock is owned by insiders.

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.