Jackson Hole Capital Partners LLC Purchases 191 Shares of Fiserv, Inc. (NYSE:FI)

Jackson Hole Capital Partners LLC boosted its stake in shares of Fiserv, Inc. (NYSE:FI) by 1.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,428 shares of the business services provider’s stock after purchasing an additional 191 shares during the period. Jackson Hole Capital Partners LLC’s holdings in Fiserv were worth $2,553,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC grew its position in Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after buying an additional 1,427,664 shares during the period. Sanders Capital LLC purchased a new stake in Fiserv during the third quarter valued at about $764,543,000. Bank of New York Mellon Corp lifted its holdings in Fiserv by 4.7% during the fourth quarter. Bank of New York Mellon Corp now owns 3,711,072 shares of the business services provider’s stock valued at $762,328,000 after purchasing an additional 164,949 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Fiserv by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,620,785 shares of the business services provider’s stock valued at $743,782,000 after purchasing an additional 90,475 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Fiserv during the fourth quarter valued at about $614,982,000. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were 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 $53,637,326.05. This trade 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 at this hyperlink. Company insiders own 0.75% of the company’s stock.

Fiserv Stock Down 0.9 %

FI stock opened at $218.04 on Friday. 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 company’s 50 day moving average is $218.31 and its 200 day moving average is $203.12. The stock has a market cap of $122.38 billion, a price-to-earnings ratio of 40.45, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. Fiserv, Inc. has a 1-year low of $145.98 and a 1-year high of $238.59.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Sell-side analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its Board of Directors has approved a share repurchase plan on Thursday, February 20th that allows the company to buyback 60,000,000 outstanding shares. This buyback authorization allows the business services provider to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms have commented on FI. The Goldman Sachs Group upped their price objective on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Susquehanna upped their price objective on shares of Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a report on Monday, February 10th. Keefe, Bruyette & Woods upped their price objective on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Compass Point began coverage on shares of Fiserv in a report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price objective on the stock. Finally, Stephens upped their price objective on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $239.83.

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.