Aster Capital Management DIFC Ltd Has $920,000 Stock Holdings in Fiserv, Inc. (NYSE:FI)

Aster Capital Management DIFC Ltd reduced its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 49.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,477 shares of the business services provider's stock after selling 4,321 shares during the quarter. Aster Capital Management DIFC Ltd's holdings in Fiserv were worth $920,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Peapack Gladstone Financial Corp boosted its position in Fiserv by 3.0% during the 4th quarter. Peapack Gladstone Financial Corp now owns 59,624 shares of the business services provider's stock worth $12,247,000 after acquiring an additional 1,750 shares during the period. Ilmarinen Mutual Pension Insurance Co lifted its position in shares of Fiserv by 41.7% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 85,000 shares of the business services provider's stock worth $17,461,000 after purchasing an additional 25,000 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Fiserv by 11.2% during the fourth quarter. Russell Investments Group Ltd. now owns 433,440 shares of the business services provider's stock worth $89,081,000 after purchasing an additional 43,807 shares during the period. Wedbush Securities Inc. grew its position in Fiserv by 1.5% during the fourth quarter. Wedbush Securities Inc. now owns 10,099 shares of the business services provider's stock valued at $2,075,000 after purchasing an additional 149 shares in the last quarter. Finally, Aviva PLC increased its stake in Fiserv by 7.9% in the 4th quarter. Aviva PLC now owns 346,821 shares of the business services provider's stock valued at $71,244,000 after buying an additional 25,256 shares during the period. Hedge funds and other institutional investors own 90.98% of the company's stock.

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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 stock was 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 approximately $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 SEC, which is accessible through the SEC website. 0.75% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

FI has been the subject of a number of research reports. Wells Fargo & Company lifted their target price on shares of Fiserv from $240.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. KeyCorp lifted their price objective on Fiserv from $250.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. BMO Capital Markets upped their target price on Fiserv from $233.00 to $260.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Morgan Stanley lifted their price target on Fiserv from $258.00 to $267.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, Barclays raised their price objective on shares of Fiserv from $235.00 to $265.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Fiserv has an average rating of "Moderate Buy" and an average target price of $239.35.

Fiserv Stock Performance

NYSE FI traded up $3.44 during trading on Friday, hitting $207.82. The company's stock had a trading volume of 875,988 shares, compared to its average volume of 2,704,618. Fiserv, Inc. has a 52 week low of $145.98 and a 52 week high of $238.59. The firm has a market cap of $116.08 billion, a P/E ratio of 38.44, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The firm has a 50 day moving average price of $221.39 and a 200 day moving average price of $210.22. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86.

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

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

Fiserv Company Profile

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.