Coldstream Capital Management Inc. Buys 2,870 Shares of Fiserv, Inc. (NYSE:FI)

Coldstream Capital Management Inc. increased its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 19.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,289 shares of the business services provider's stock after buying an additional 2,870 shares during the quarter. Coldstream Capital Management Inc.'s holdings in Fiserv were worth $3,551,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several research firms recently commented on FI. Keefe, Bruyette & Woods cut their target price on Fiserv from $260.00 to $240.00 and set an "outperform" rating for the company in a research report on Friday. Seaport Res Ptn raised Fiserv from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. The Goldman Sachs Group raised shares of Fiserv from a "neutral" rating to a "buy" rating and upped their target price for the stock from $246.00 to $260.00 in a report on Wednesday, April 2nd. Susquehanna cut their price target on shares of Fiserv from $250.00 to $240.00 and set a "positive" rating for the company in a report on Friday. Finally, Citigroup decreased their price objective on shares of Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $233.33.

Fiserv Price Performance

Fiserv stock opened at $177.55 on Friday. The business's 50-day simple moving average is $216.08 and its 200 day simple moving average is $211.95. 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 cap of $99.17 billion, a price-to-earnings ratio of 32.94, a P/E/G ratio of 1.52 and a beta of 0.91. Fiserv, Inc. has a 12-month low of $146.25 and a 12-month high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.06. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. As a group, research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv declared that its board has initiated a stock buyback program on Thursday, February 20th that authorizes the company to buyback 60,000,000 shares. This buyback authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its shares are undervalued.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 45,000 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $235.55, for a total value of $10,599,750.00. Following the transaction, the chief operating officer now directly owns 227,711 shares in the company, valued at $53,637,326.05. This trade represents a 16.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.75% of the company's stock.

Fiserv 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.

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