Fiserv, Inc. (NYSE:FI) Shares Sold by Boston Partners

Boston Partners lowered its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 37.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,471 shares of the business services provider's stock after selling 3,850 shares during the period. Boston Partners' holdings in Fiserv were worth $1,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. FMR LLC boosted its position in shares of Fiserv by 17.8% during the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider's stock valued at $1,696,341,000 after acquiring an additional 1,427,664 shares during the last quarter. Sanders Capital LLC purchased a new position in shares of Fiserv in the 3rd quarter worth $764,543,000. Bank of New York Mellon Corp increased its holdings in shares of Fiserv by 4.7% in the 4th quarter. Bank of New York Mellon Corp now owns 3,711,072 shares of the business services provider's stock worth $762,328,000 after buying an additional 164,949 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Fiserv by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,620,785 shares of the business services provider's stock valued at $743,782,000 after acquiring an additional 90,475 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Fiserv during the 4th quarter valued at approximately $614,982,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

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Analyst Ratings Changes

A number of research analysts have weighed in on FI shares. Citigroup boosted their price objective on shares of Fiserv from $230.00 to $233.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods raised their price target on Fiserv from $238.00 to $260.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Royal Bank of Canada lifted their price objective on shares of Fiserv from $255.00 to $270.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Oppenheimer boosted their price target on Fiserv from $214.00 to $239.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. Finally, Barclays lifted their target price on Fiserv from $235.00 to $265.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $239.83.

Insider Transactions at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the firm'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 approximately $53,637,326.05. This trade represents a 16.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.75% of the company's stock.

Fiserv Stock Down 0.4 %

NYSE:FI traded down $0.87 during mid-day trading on Wednesday, hitting $221.75. 1,690,103 shares of the company's stock traded hands, compared to its average volume of 2,514,089. The company has a fifty day moving average of $221.23 and a 200 day moving average of $207.18. 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, Inc. has a twelve month low of $145.98 and a twelve month high of $238.59. The company has a market capitalization of $124.47 billion, a P/E ratio of 41.14, a P/E/G ratio of 1.52 and a beta of 0.93.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating 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%. On average, analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv declared that its Board of Directors has initiated a stock buyback program on Thursday, February 20th that allows the company to buyback 60,000,000 shares. This buyback authorization allows the business services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication 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.