Fiserv, Inc. (NYSE:FI) Shares Sold by Horan Capital Advisors LLC.

Horan Capital Advisors LLC. lowered its position in Fiserv, Inc. (NYSE:FI) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,626 shares of the business services provider’s stock after selling 340 shares during the period. Fiserv makes up about 1.9% of Horan Capital Advisors LLC.’s investment portfolio, making the stock its 14th biggest position. Horan Capital Advisors LLC.’s holdings in Fiserv were worth $5,675,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of FI. Valley National Advisers Inc. purchased a new stake in Fiserv in the 4th quarter valued at approximately $29,000. Marshall Investment Management LLC purchased a new stake in Fiserv in the 4th quarter valued at approximately $29,000. Compass Financial Services Inc purchased a new stake in Fiserv in the 4th quarter valued at approximately $31,000. Kennebec Savings Bank purchased a new stake in Fiserv in the 3rd quarter valued at approximately $40,000. Finally, Friedenthal Financial purchased a new stake in Fiserv in the 4th quarter valued at approximately $49,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. The Goldman Sachs Group increased their price target on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada increased their price target on Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Oppenheimer increased their price target on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Compass Point assumed coverage on Fiserv in a research note on Wednesday, November 20th. They set a “buy” rating and a $278.00 price target on the stock. Finally, Stephens increased their price target on Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and a consensus price target of $239.83.

Fiserv Stock Up 0.8 %

NYSE:FI opened at $237.65 on Tuesday. The company has a market capitalization of $133.39 billion, a price-to-earnings ratio of 44.09, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. Fiserv, Inc. has a one year low of $145.98 and a one year high of $238.59. The stock has a 50-day simple moving average of $217.30 and a 200 day simple moving average of $201.84. 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 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%. Sell-side analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its board has authorized a share buyback 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 reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were 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 owns 227,711 shares of the company’s stock, 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 SEC, which is available at this link. 0.75% of the stock is currently owned by corporate insiders.

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.