Okabena Investment Services Inc. acquired a new position in shares of Fiserv, Inc. (NYSE:FI - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 2,000 shares of the business services provider's stock, valued at approximately $411,000.

Several other institutional investors have also recently added to or reduced their stakes in FI. Norges Bank purchased a new stake in Fiserv in the fourth quarter valued at approximately $1,406,452,000. Bank of New York Mellon Corp grew 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 worth $762,328,000 after acquiring an additional 164,949 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Fiserv by 2.6% in the 4th 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 in the last quarter. Raymond James Financial Inc. purchased a new position in Fiserv in the fourth quarter valued at about $614,982,000. Finally, Pictet Asset Management Holding SA raised its holdings in Fiserv by 4.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,224,227 shares of the business services provider's stock worth $456,901,000 after purchasing an additional 89,228 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

In other news, COO Guy Chiarello sold 45,000 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the completion of the sale, the chief operating officer now owns 227,711 shares in the company, valued at approximately $53,637,326.05. This represents a 16.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.75% of the stock is currently owned by company insiders.

Shares of NYSE FI opened at $216.15 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. Fiserv, Inc. has a one year low of $145.98 and a one year high of $238.59. The business has a 50-day moving average price of $222.00 and a two-hundred day moving average price of $207.67. The firm has a market capitalization of $121.32 billion, a PE ratio of 40.10, a PEG ratio of 1.52 and a beta of 0.93.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating 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%. As a group, analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its Board of Directors has initiated a share repurchase program on Thursday, February 20th that authorizes the company to buyback 60,000,000 shares. This buyback authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

A number of analysts recently commented on the company. KeyCorp increased their price objective on Fiserv from $250.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Barclays lifted their target price on shares of Fiserv from $235.00 to $265.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Citigroup upped their price objective on shares of Fiserv from $230.00 to $233.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Oppenheimer raised their target price on shares of Fiserv from $214.00 to $239.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Finally, Stephens upped their price target on shares of Fiserv from $255.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Two 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 company. According to data from MarketBeat, Fiserv has a consensus rating of "Buy" and an average target price of $242.32.

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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.

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