Capital Analysts LLC Sells 580 Shares of Fiserv, Inc. (NYSE:FI)

by · The Cerbat Gem

Capital Analysts LLC trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI – Free Report) by 2.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 23,000 shares of the business services provider’s stock after selling 580 shares during the quarter. Capital Analysts LLC’s holdings in Fiserv were worth $4,725,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Barclays PLC boosted its stake in Fiserv by 3.0% in the 3rd quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock worth $302,737,000 after purchasing an additional 48,413 shares during the period. Invst LLC bought a new stake in shares of Fiserv in the third quarter valued at about $211,000. SkyView Investment Advisors LLC lifted its holdings in shares of Fiserv by 4.4% in the third quarter. SkyView Investment Advisors LLC now owns 5,275 shares of the business services provider’s stock valued at $948,000 after purchasing an additional 223 shares in the last quarter. Anchor Investment Management LLC boosted its position in shares of Fiserv by 1.4% during the third quarter. Anchor Investment Management LLC now owns 35,463 shares of the business services provider’s stock worth $6,371,000 after buying an additional 497 shares during the period. Finally, World Investment Advisors LLC grew its holdings in shares of Fiserv by 1,469.7% during the third quarter. World Investment Advisors LLC now owns 55,802 shares of the business services provider’s stock worth $10,025,000 after buying an additional 52,247 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Guy Chiarello sold 45,000 shares of the business’s stock in a transaction dated 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 sale, the chief operating officer now owns 227,711 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through this link. 0.75% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on FI. KeyCorp boosted their target price on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. BMO Capital Markets reduced their target price on shares of Fiserv from $254.00 to $232.00 and set an “outperform” rating for the company in a report on Friday. The Goldman Sachs Group raised shares of Fiserv from a “neutral” rating to a “buy” rating and raised their target price for the company from $246.00 to $260.00 in a research report on Wednesday, April 2nd. Susquehanna cut their price target on shares of Fiserv from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Friday. Finally, Stephens raised their price objective on Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and a consensus price target of $233.33.

Check Out Our Latest Report on FI

Fiserv Price Performance

NYSE:FI opened at $177.55 on Friday. The company has a market cap of $99.17 billion, a P/E ratio of 32.94, a P/E/G ratio of 1.52 and a beta of 0.91. The firm’s fifty day moving average price is $216.08 and its two-hundred day moving average price is $211.78. Fiserv, Inc. has a one year low of $146.25 and a one year high of $238.59. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07.

Fiserv (NYSE:FI – Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.06. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. 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 earnings per share for the current year.

Fiserv announced that its board has initiated a share buyback plan on Thursday, February 20th that allows the company to repurchase 60,000,000 shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

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.

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