Fox Run Management L.L.C. Invests $781,000 in Fiserv, Inc. (NYSE:FI)

Fox Run Management L.L.C. purchased a new stake in Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,804 shares of the business services provider’s stock, valued at approximately $781,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Valley National Advisers Inc. acquired a new position in Fiserv in the fourth quarter valued at about $29,000. Marshall Investment Management LLC acquired a new position in Fiserv in the fourth quarter valued at about $29,000. Compass Financial Services Inc acquired a new position in Fiserv during the fourth quarter worth about $31,000. Campbell Capital Management Inc. acquired a new position in Fiserv during the fourth quarter worth about $37,000. Finally, Knuff & Co LLC acquired a new position in Fiserv during the fourth quarter worth about $45,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insiders Place Their Bets

In related news, COO Guy Chiarello sold 45,000 shares of the 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Fiserv stock opened at $218.01 on Monday. The stock has a market capitalization of $122.37 billion, a price-to-earnings ratio of 40.45, a PEG ratio of 1.52 and a beta of 0.93. Fiserv, Inc. has a 52-week low of $145.98 and a 52-week high of $238.59. The stock’s 50 day moving average price is $220.46 and its two-hundred day moving average price is $206.46. 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) last posted its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. On average, equities analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv declared that its Board of Directors has initiated a share repurchase program on Thursday, February 20th that permits the company to repurchase 60,000,000 outstanding shares. This repurchase authorization permits the business services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several research analysts have commented on the company. Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Barclays boosted their target price on Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Oppenheimer boosted their target price on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. KeyCorp boosted their target price on Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Wells Fargo & Company boosted their target price on Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Three 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $239.83.

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.