Applied Finance Capital Management LLC Decreases Stock Holdings in Fiserv, Inc. (NYSE:FI)

Applied Finance Capital Management LLC lessened its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 13.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 234,065 shares of the business services provider's stock after selling 37,458 shares during the period. Fiserv makes up approximately 2.1% of Applied Finance Capital Management LLC's portfolio, making the stock its 16th largest position. Applied Finance Capital Management LLC's holdings in Fiserv were worth $48,082,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FI. Valley National Advisers Inc. acquired a new position in shares of Fiserv during the fourth quarter worth about $29,000. Marshall Investment Management LLC acquired a new position in Fiserv during the 4th quarter worth approximately $29,000. Compass Financial Services Inc purchased a new stake in shares of Fiserv in the 4th quarter valued at approximately $31,000. Campbell Capital Management Inc. acquired a new stake in shares of Fiserv in the 4th quarter valued at $37,000. Finally, Knuff & Co LLC acquired a new stake in shares of Fiserv in the 4th quarter valued at $45,000. Institutional investors and hedge funds own 90.98% of the company's stock.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was 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 approximately $53,637,326.05. This represents a 16.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.75% of the company's stock.

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Fiserv Stock Performance

Fiserv stock traded up $3.60 during mid-day trading on Friday, reaching $207.98. 2,784,695 shares of the company were exchanged, compared to its average volume of 2,718,137. The firm's 50-day simple moving average is $221.27 and its two-hundred day simple moving average is $210.67. Fiserv, Inc. has a twelve month low of $145.98 and a twelve month high of $238.59. The firm has a market cap of $116.17 billion, a PE ratio of 38.59, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06.

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

Fiserv declared that its board has initiated a stock buyback program 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. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

FI has been the topic of several recent analyst reports. Susquehanna increased their target price on Fiserv from $230.00 to $270.00 and gave the company a "positive" rating in a report on Monday, February 10th. Morgan Stanley increased their price objective on Fiserv from $258.00 to $267.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Wells Fargo & Company boosted their target price on Fiserv from $240.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Monness Crespi & Hardt lowered shares of Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price target on the stock. in a research note on Wednesday. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Fiserv from $238.00 to $260.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $239.35.

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.