Amundi Lowers Position in Fiserv, Inc. (NYSE:FI)

Amundi cut its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,015,262 shares of the business services provider's stock after selling 108,073 shares during the quarter. Amundi owned approximately 0.53% of Fiserv worth $618,822,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of FI. Valley National Advisers Inc. bought a new position in shares of Fiserv during the 4th quarter valued at about $29,000. Marshall Investment Management LLC bought a new position in shares of Fiserv during the 4th quarter valued at about $29,000. Compass Financial Services Inc bought a new position in shares of Fiserv during the 4th quarter valued at about $31,000. Kennebec Savings Bank bought a new position in shares of Fiserv during the 3rd quarter valued at about $40,000. Finally, Friedenthal Financial bought a new position in Fiserv during the 4th quarter worth approximately $49,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Down 0.9 %

Fiserv stock traded down $1.91 during trading hours on Friday, hitting $218.04. The stock had a trading volume of 4,456,911 shares, compared to its average volume of 2,995,866. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $122.38 billion, a P/E ratio of 40.45, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. Fiserv, Inc. has a 12-month low of $145.98 and a 12-month high of $238.59. The stock's 50-day moving average price is $218.31 and its 200-day moving average price is $203.37.

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Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (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 research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 20th that allows the company to buyback 60,000,000 shares. This buyback authorization allows the business services provider to purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. The Goldman Sachs Group raised their price target on Fiserv from $208.00 to $231.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 3rd. Stephens raised their price target on Fiserv from $255.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. BMO Capital Markets raised their price target on Fiserv from $233.00 to $260.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. KeyCorp lifted their price objective on Fiserv from $250.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Finally, Seaport Res Ptn upgraded Fiserv from a "hold" rating to a "strong-buy" rating in a research report 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 given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $239.83.

Insider Activity

In other news, COO Guy Chiarello sold 45,000 shares of the business's 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 completion of the transaction, the chief operating officer now directly owns 227,711 shares of the company's stock, valued at $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.75% of the stock is owned by corporate insiders.

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.