Fiserv, Inc. (NYSE:FI) Shares Sold by Crumly & Associates Inc.

Crumly & Associates Inc. reduced its stake in Fiserv, Inc. (NYSE:FI) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,553 shares of the business services provider’s stock after selling 116 shares during the period. Crumly & Associates Inc.’s holdings in Fiserv were worth $935,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Catalina Capital Group LLC raised its stake in Fiserv by 2.3% in the fourth quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider’s stock valued at $444,000 after buying an additional 48 shares in the last quarter. Mount Yale Investment Advisors LLC raised its stake in Fiserv by 1.2% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock valued at $848,000 after buying an additional 50 shares in the last quarter. Hemington Wealth Management raised its stake in Fiserv by 6.1% in the fourth quarter. Hemington Wealth Management now owns 864 shares of the business services provider’s stock valued at $177,000 after buying an additional 50 shares in the last quarter. Wealthcare Advisory Partners LLC grew its holdings in shares of Fiserv by 3.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock worth $360,000 after purchasing an additional 51 shares during the last quarter. Finally, Optas LLC grew its holdings in shares of Fiserv by 1.7% during the third quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock worth $578,000 after purchasing an additional 54 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Price Performance

Shares of NYSE:FI opened at $234.63 on Friday. The company has a 50-day moving average price of $213.26 and a 200 day moving average price of $197.74. Fiserv, Inc. has a 52 week low of $145.98 and a 52 week high of $238.00. 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 company has a market cap of $133.48 billion, a P/E ratio of 43.53, a PEG ratio of 1.53 and a beta of 0.94.

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, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Research 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 stock buyback program on Thursday, February 20th that authorizes the company to buyback 60,000,000 shares. This buyback authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In related news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction that occurred on 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 transaction, the chief operating officer now directly owns 227,711 shares in the company, valued at $53,637,326.05. The trade was a 16.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on FI. Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods raised their price objective on Fiserv from $238.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Morgan Stanley raised their price objective on Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Mizuho raised their price objective on Fiserv from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada raised their price target on Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target 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.