Bessemer Group Inc. lessened its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 8.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,514,283 shares of the business services provider's stock after selling 320,754 shares during the period. Fiserv comprises about 1.2% of Bessemer Group Inc.'s holdings, making the stock its 12th largest holding. Bessemer Group Inc. owned approximately 0.62% of Fiserv worth $721,904,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of FI. Valley National Advisers Inc. purchased a new position in shares of Fiserv during the fourth quarter valued at about $29,000. Marshall Investment Management LLC bought a new stake in shares of Fiserv during the fourth quarter valued at approximately $29,000. Compass Financial Services Inc purchased a new position in Fiserv in the 4th quarter worth approximately $31,000. Campbell Capital Management Inc. bought a new position in Fiserv in the 4th quarter valued at approximately $37,000. Finally, Knuff & Co LLC bought a new stake in shares of Fiserv in the 4th quarter worth $45,000. Institutional investors own 90.98% of the company's stock.
Fiserv Stock Performance
Shares of NYSE:FI traded up $2.39 on Monday, hitting $210.53. 685,290 shares of the company were exchanged, compared to its average volume of 2,710,325. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The stock's 50 day moving average price is $221.27 and its 200 day moving average price is $210.67. Fiserv, Inc. has a 1-year low of $145.98 and a 1-year high of $238.59. The firm has a market capitalization of $117.60 billion, a P/E ratio of 39.06, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91.
Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings data 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 return on equity of 17.93% and a net margin of 15.31%. Sell-side analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.
Fiserv declared that its board has approved a stock repurchase program on Thursday, February 20th that authorizes the company to buyback 60,000,000 outstanding shares. This buyback authorization authorizes the business services provider to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.
Insider Transactions at Fiserv
In other Fiserv 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 transaction, the chief operating officer now owns 227,711 shares in the company, valued at approximately $53,637,326.05. This represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.75% of the company's stock.
Analyst Ratings Changes
Several research analysts have recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of Fiserv from $233.00 to $260.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Barclays increased their price target on shares of Fiserv from $235.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Stephens boosted their price objective on shares of Fiserv from $255.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. The Goldman Sachs Group upgraded shares of Fiserv from a "neutral" rating to a "buy" rating and lifted their target price for the company from $246.00 to $260.00 in a research note on Wednesday, April 2nd. Finally, KeyCorp increased their price objective on shares of Fiserv from $250.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $239.35.
View Our Latest Report on FI
Fiserv Profile
(
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
Before you consider Fiserv, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fiserv wasn't on the list.
While Fiserv currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
