Fiserv, Inc. (NYSE:FI) Stock Holdings Lessened by New South Capital Management Inc.

New South Capital Management Inc. decreased its position in Fiserv, Inc. (NYSE:FI) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 566,754 shares of the business services provider’s stock after selling 30,572 shares during the quarter. Fiserv makes up 4.9% of New South Capital Management Inc.’s investment portfolio, making the stock its 5th largest position. New South Capital Management Inc.’s holdings in Fiserv were worth $116,423,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of FI. Jacobi Capital Management LLC boosted its stake in shares of Fiserv by 0.4% during the 4th quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider’s stock valued at $2,281,000 after purchasing an additional 44 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Fiserv by 1.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider’s stock valued at $841,000 after purchasing an additional 45 shares in the last quarter. Catalina Capital Group LLC boosted its stake in shares of Fiserv by 2.3% during the 4th quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider’s stock valued at $444,000 after purchasing an additional 48 shares in the last quarter. Mount Yale Investment Advisors LLC boosted its stake in shares of Fiserv by 1.2% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock valued at $848,000 after purchasing an additional 50 shares in the last quarter. Finally, Hemington Wealth Management boosted its stake in shares of Fiserv by 6.1% during the 4th quarter. Hemington Wealth Management now owns 864 shares of the business services provider’s stock valued at $177,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on FI shares. Oppenheimer lifted their target price on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Wells Fargo & Company upped their price objective on shares of Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. StockNews.com cut shares of Fiserv from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Susquehanna upped their price objective on shares of Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a report on Monday, February 10th. Finally, Royal Bank of Canada upped their price objective on shares of Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $239.83.

Insider Activity

In related news, COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were 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 of the company’s stock, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.75% of the company’s stock.

Fiserv Stock Up 1.0 %

FI opened at $226.07 on Thursday. 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 1-year low of $145.98 and a 1-year high of $238.59. The company has a market capitalization of $126.89 billion, a PE ratio of 41.94, a PEG ratio of 1.52 and a beta of 0.93. The firm’s 50 day simple moving average is $217.92 and its two-hundred day simple moving average is $202.41.

Fiserv (NYSE:FI) last announced its quarterly earnings data 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, equities analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv declared that its board has authorized a stock buyback plan 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. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Fiserv Company Profile

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.