Fiserv, Inc. (NYSE:FI) Shares Sold by Riverwater Partners LLC

Riverwater Partners LLC lessened its position in shares of Fiserv, Inc. (NYSE:FI) by 26.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,163 shares of the business services provider’s stock after selling 1,165 shares during the quarter. Riverwater Partners LLC’s holdings in Fiserv were worth $650,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IHT Wealth Management LLC lifted its position in shares of Fiserv by 31.7% during the 3rd quarter. IHT Wealth Management LLC now owns 3,056 shares of the business services provider’s stock valued at $551,000 after buying an additional 735 shares in the last quarter. Royal London Asset Management Ltd. lifted its holdings in Fiserv by 3.7% during the third quarter. Royal London Asset Management Ltd. now owns 259,264 shares of the business services provider’s stock valued at $46,577,000 after purchasing an additional 9,274 shares in the last quarter. Quantinno Capital Management LP grew its position in shares of Fiserv by 19.6% in the third quarter. Quantinno Capital Management LP now owns 40,972 shares of the business services provider’s stock valued at $7,361,000 after purchasing an additional 6,722 shares during the period. Stifel Financial Corp increased its stake in shares of Fiserv by 10.5% during the third quarter. Stifel Financial Corp now owns 279,469 shares of the business services provider’s stock worth $50,207,000 after purchasing an additional 26,459 shares in the last quarter. Finally, Sora Investors LLC acquired a new position in shares of Fiserv during the 3rd quarter worth about $8,131,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on FI shares. KeyCorp boosted their price objective on Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Susquehanna increased their price objective on Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a research note on Monday, February 10th. Barclays lifted their target price on shares of Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Morgan Stanley increased their target price on shares of Fiserv from $258.00 to $267.00 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. One investment analyst has rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Fiserv currently has an average rating of “Buy” and an average price target of $243.64.

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 shares were sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the sale, the chief operating officer now directly owns 227,711 shares in the company, valued at $53,637,326.05. This represents a 16.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.75% of the stock is currently owned by company insiders.

Fiserv Stock Performance

Shares of FI stock opened at $198.77 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The firm has a market cap of $111.57 billion, a P/E ratio of 36.88, a P/E/G ratio of 1.52 and a beta of 0.91. The firm’s 50 day moving average price is $222.85 and its 200-day moving average price is $209.18. Fiserv, Inc. has a one year low of $145.98 and a one year high of $238.59.

Fiserv (NYSE:FI) last released 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%. As a group, equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv declared that its board has initiated a share buyback plan on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

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.