United Services Automobile Association Sells 345 Shares of Fiserv, Inc. (NYSE:FI)

United Services Automobile Association reduced its holdings in Fiserv, Inc. (NYSE:FI) by 2.5% in the fourth quarter, HoldingsChannel reports. The firm owned 13,208 shares of the business services provider’s stock after selling 345 shares during the period. United Services Automobile Association’s holdings in Fiserv were worth $2,713,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FI. Soros Capital Management LLC lifted its position in shares of Fiserv by 71.7% during the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock valued at $9,844,000 after acquiring an additional 22,884 shares during the period. Czech National Bank increased its stake in Fiserv by 5.2% in the fourth quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock valued at $25,339,000 after purchasing an additional 6,072 shares in the last quarter. Chiron Investment Management LLC acquired a new position in shares of Fiserv during the third quarter valued at about $4,709,000. Trust Co. of Vermont boosted its position in shares of Fiserv by 170.4% during the 4th quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock worth $1,405,000 after purchasing an additional 4,310 shares in the last quarter. Finally, Cardano Risk Management B.V. acquired a new stake in shares of Fiserv in the 4th quarter valued at about $97,254,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FI has been the topic of several recent research reports. 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 report on Thursday, February 6th. Citigroup increased their target price on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. StockNews.com lowered shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. The Goldman Sachs Group raised their price objective on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Finally, KeyCorp upped their target price on shares of Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and an average target price of $239.83.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the stock in a transaction dated 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 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 Securities & Exchange Commission, which is available through this link. 0.75% of the stock is currently owned by insiders.

Fiserv Stock Down 1.7 %

Fiserv stock opened at $218.01 on Monday. The firm has a 50 day moving average price of $220.46 and a 200-day moving average price of $206.46. 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 twelve month low of $145.98 and a twelve month high of $238.59. The company has a market capitalization of $122.37 billion, a P/E ratio of 40.45, a P/E/G ratio of 1.52 and a beta of 0.93.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. As a group, equities analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its Board of Directors has approved 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 purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management 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.