Quantinno Capital Management LP Has $10.46 Million Stock Position in Fiserv, Inc. (NYSE:FI)

Quantinno Capital Management LP boosted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 24.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,913 shares of the business services provider’s stock after buying 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.

Several other large investors have also recently bought and sold shares of FI. Valley National Advisers Inc. acquired a new position in Fiserv during the fourth quarter valued at $29,000. Marshall Investment Management LLC acquired a new position in Fiserv during the fourth quarter valued at $29,000. Compass Financial Services Inc acquired a new position in Fiserv in the 4th quarter worth about $31,000. Campbell Capital Management Inc. acquired a new position in Fiserv in the 4th quarter worth about $37,000. Finally, Quarry LP increased its position in Fiserv by 51.9% in the 4th quarter. Quarry LP now owns 205 shares of the business services provider’s stock worth $42,000 after purchasing an additional 70 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 227,711 shares of the company’s stock, valued at approximately $53,637,326.05. This represents a 16.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.74% of the company’s stock.

Fiserv Trading Down 0.6%

Fiserv stock opened at $189.76 on Thursday. The business has a 50 day moving average price of $204.31 and a two-hundred day moving average price of $210.78. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The stock has a market cap of $105.21 billion, a price-to-earnings ratio of 35.21, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. Fiserv, Inc. has a 12 month low of $146.25 and a 12 month high of $238.59.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, beating the consensus estimate of $2.08 by $0.06. The firm had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $4.86 billion. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.88 EPS. As a group, equities analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

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

Analysts Set New Price Targets

Several research analysts have weighed in on FI shares. StockNews.com started coverage on Fiserv in a research report on Sunday, March 23rd. They issued a “buy” rating on the stock. UBS Group dropped their target price on Fiserv from $265.00 to $255.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Royal Bank of Canada set a $237.00 target price on Fiserv in a research report on Friday, April 25th. Redburn Atlantic reaffirmed a “sell” rating and issued a $150.00 target price on shares of Fiserv in a research report on Thursday, April 17th. Finally, The Goldman Sachs Group upgraded Fiserv from a “neutral” rating to a “buy” rating and upped their price target for the stock from $246.00 to $260.00 in a research note on Wednesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and a consensus target price of $230.00.

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.