C Partners Holding GmbH Decreases Stock Holdings in Fiserv, Inc. (NYSE:FI)

by · The Cerbat Gem

C Partners Holding GmbH lowered its stake in Fiserv, Inc. (NYSE:FI – Free Report) by 3.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 283,042 shares of the business services provider’s stock after selling 10,752 shares during the quarter. Fiserv comprises 14.5% of C Partners Holding GmbH’s portfolio, making the stock its biggest holding. C Partners Holding GmbH’s holdings in Fiserv were worth $58,142,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC boosted its position in shares of Fiserv by 3.0% during the 3rd quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock valued at $302,737,000 after acquiring an additional 48,413 shares during the last quarter. CWA Asset Management Group LLC grew its position in shares of Fiserv by 78.1% during the 4th quarter. CWA Asset Management Group LLC now owns 4,989 shares of the business services provider’s stock worth $1,025,000 after buying an additional 2,187 shares in the last quarter. Fortem Financial Group LLC raised its stake in Fiserv by 6.2% in the fourth quarter. Fortem Financial Group LLC now owns 6,364 shares of the business services provider’s stock worth $1,307,000 after buying an additional 374 shares in the last quarter. Diversified Trust Co lifted its stake in shares of Fiserv by 1.5% during the 4th quarter. Diversified Trust Co now owns 62,883 shares of the business services provider’s stock worth $12,917,000 after purchasing an additional 911 shares during the last quarter. Finally, Birch Capital Management LLC boosted its holdings in shares of Fiserv by 0.3% in the 4th quarter. Birch Capital Management LLC now owns 22,091 shares of the business services provider’s stock valued at $4,538,000 after buying an additional 73 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors.

Fiserv Trading Up 0.7 %

NYSE FI opened at $184.38 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The stock has a market capitalization of $102.23 billion, a P/E ratio of 34.21, a PEG ratio of 1.52 and a beta of 0.97. The firm’s 50-day moving average is $211.04 and its two-hundred day moving average is $211.73. Fiserv, Inc. has a 12 month low of $146.25 and a 12 month high of $238.59.

Fiserv (NYSE:FI – Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping the consensus estimate of $2.08 by $0.06. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The firm had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same period in the prior year, the business posted $1.88 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share 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.

Insider Activity

In related news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer now owns 227,711 shares in the company, valued at approximately $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.74% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on FI shares. UBS Group lowered their price target on Fiserv from $265.00 to $255.00 and set a “buy” rating for the company in a report on Friday, April 25th. Morgan Stanley reaffirmed an “overweight” rating and set a $268.00 target price (up from $267.00) on shares of Fiserv in a report on Friday, April 25th. Citigroup cut their price objective on shares of Fiserv from $267.00 to $240.00 and set a “buy” rating for the company in a report on Friday, April 25th. Wells Fargo & Company raised their target price on Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, BMO Capital Markets lowered their price target on Fiserv from $254.00 to $232.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and an average target price of $230.00.

Get Our Latest Analysis on Fiserv

About Fiserv

(Free Report)

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.

Further Reading

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