Fiserv, Inc. (NYSE:FI) Shares Sold by River Global Investors LLP

River Global Investors LLP lessened its stake in shares of Fiserv, Inc. (NYSE:FI) by 42.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,933 shares of the business services provider’s stock after selling 23,178 shares during the quarter. Fiserv comprises about 1.2% of River Global Investors LLP’s investment portfolio, making the stock its 21st biggest holding. River Global Investors LLP’s holdings in Fiserv were worth $6,359,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC raised its holdings in shares of Fiserv by 9.8% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 12,342 shares of the business services provider’s stock worth $2,217,000 after purchasing an additional 1,105 shares in the last quarter. Consolidated Planning Corp increased its holdings in shares of Fiserv by 15.8% in the third quarter. Consolidated Planning Corp now owns 22,473 shares of the business services provider’s stock valued at $4,037,000 after buying an additional 3,064 shares in the last quarter. Portside Wealth Group LLC increased its holdings in shares of Fiserv by 12.4% in the third quarter. Portside Wealth Group LLC now owns 1,763 shares of the business services provider’s stock valued at $317,000 after buying an additional 195 shares in the last quarter. Comprehensive Financial Consultants Institutional Inc. boosted its stake in shares of Fiserv by 0.5% during the 3rd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 13,537 shares of the business services provider’s stock worth $2,432,000 after acquiring an additional 67 shares in the last quarter. Finally, Hollencrest Capital Management grew its holdings in shares of Fiserv by 33.2% in the 3rd quarter. Hollencrest Capital Management now owns 309 shares of the business services provider’s stock worth $56,000 after acquiring an additional 77 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Fiserv

In other Fiserv 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 transaction of $10,599,750.00. Following the transaction, the chief operating officer now owns 227,711 shares in the company, 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 document filed with the SEC, which is available at the SEC website. 0.75% of the stock is owned by company insiders.

Fiserv Stock Performance

Shares of FI opened at $218.04 on Friday. The firm has a market cap of $122.38 billion, a price-to-earnings ratio of 40.45, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. The company’s fifty day moving average is $218.31 and its 200-day moving average is $202.88. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a 12 month low of $145.98 and a 12 month high of $238.59.

Fiserv (NYSE:FI) last posted its earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, topping 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%. Equities analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its Board of Directors has approved a share repurchase program on Thursday, February 20th that allows the company to buyback 60,000,000 shares. This buyback authorization allows the business services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

FI has been the subject of several analyst reports. The Goldman Sachs Group upped their target price on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. 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. KeyCorp lifted their target price on shares of Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Stephens upped their price target on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Three 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 MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and an average price target of $239.83.

Fiserv 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.