D.A. Davidson & CO. Has $32.61 Million Holdings in Fiserv, Inc. (NYSE:FI)

D.A. Davidson & CO. trimmed its position in Fiserv, Inc. (NYSE:FI - Free Report) by 7.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 158,730 shares of the business services provider's stock after selling 12,535 shares during the period. D.A. Davidson & CO.'s holdings in Fiserv were worth $32,606,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Planning raised its position in shares of Fiserv by 4.7% during the 3rd quarter. Creative Planning now owns 148,405 shares of the business services provider's stock valued at $26,661,000 after acquiring an additional 6,649 shares in the last quarter. Blue Trust Inc. increased its stake in Fiserv by 197.1% during the third quarter. Blue Trust Inc. now owns 5,490 shares of the business services provider's stock valued at $986,000 after purchasing an additional 3,642 shares during the last quarter. Resonant Capital Advisors LLC raised its holdings in shares of Fiserv by 8.0% during the third quarter. Resonant Capital Advisors LLC now owns 2,881 shares of the business services provider's stock worth $518,000 after purchasing an additional 214 shares during the period. Bellecapital International Ltd. raised its holdings in shares of Fiserv by 0.9% during the third quarter. Bellecapital International Ltd. now owns 73,448 shares of the business services provider's stock worth $13,195,000 after purchasing an additional 676 shares during the period. Finally, Castleview Partners LLC lifted its position in shares of Fiserv by 3.3% in the 3rd quarter. Castleview Partners LLC now owns 2,566 shares of the business services provider's stock worth $461,000 after buying an additional 82 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FI. Compass Point began coverage on shares of Fiserv in a research report on Wednesday, November 20th. They set a "buy" rating and a $278.00 price objective for the company. Keefe, Bruyette & Woods upped their target price on Fiserv from $238.00 to $260.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Susquehanna raised their price target on Fiserv from $230.00 to $270.00 and gave the stock a "positive" rating in a report on Monday, February 10th. Seaport Res Ptn upgraded Fiserv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Finally, Tigress Financial increased their target price on Fiserv from $190.00 to $244.00 and gave the stock a "buy" rating in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $239.83.

Insider Buying and Selling at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the business'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 value of $10,599,750.00. Following the sale, the chief operating officer now directly owns 227,711 shares in the company, valued at $53,637,326.05. The trade was a 16.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.75% of the stock is owned by corporate insiders.

Fiserv Price Performance

NYSE FI traded down $1.96 on Friday, reaching $232.47. 4,404,077 shares of the stock traded hands, compared to its average volume of 2,787,555. Fiserv, Inc. has a 12 month low of $145.98 and a 12 month high of $237.99. The company has a market cap of $132.26 billion, a price-to-earnings ratio of 43.13, a P/E/G ratio of 1.53 and a beta of 0.94. The firm's fifty day simple moving average is $213.81 and its 200 day simple moving average is $198.28. 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 quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating 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%. As a group, research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

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

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.