Focused Investors LLC Sells 13,650 Shares of Fiserv, Inc. (NYSE:FI)

Focused Investors LLC trimmed its position in Fiserv, Inc. (NYSE:FI - Free Report) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,232,550 shares of the business services provider's stock after selling 13,650 shares during the period. Fiserv makes up approximately 8.0% of Focused Investors LLC's investment portfolio, making the stock its largest holding. Focused Investors LLC owned 0.22% of Fiserv worth $253,190,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Jacobi Capital Management LLC increased its stake in Fiserv by 0.4% in the 4th quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider's stock valued at $2,281,000 after buying an additional 44 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of Fiserv by 1.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider's stock valued at $841,000 after acquiring an additional 45 shares during the last quarter. Catalina Capital Group LLC increased its position in shares of Fiserv by 2.3% in the fourth quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider's stock valued at $444,000 after acquiring an additional 48 shares during the last quarter. Mount Yale Investment Advisors LLC boosted its position in Fiserv by 1.2% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider's stock valued at $848,000 after purchasing an additional 50 shares during the last quarter. Finally, Hemington Wealth Management boosted its position in Fiserv by 6.1% during the fourth quarter. Hemington Wealth Management now owns 864 shares of the business services provider's stock valued at $177,000 after purchasing an additional 50 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

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Fiserv Stock Performance

NYSE FI traded down $2.37 during trading on Thursday, reaching $219.32. The company's stock had a trading volume of 3,964,473 shares, compared to its average volume of 2,516,618. Fiserv, Inc. has a 12 month low of $145.98 and a 12 month high of $238.59. The firm has a 50 day moving average price of $221.85 and a 200 day moving average price of $207.36. The firm has a market capitalization of $123.10 billion, a price-to-earnings ratio of 40.69, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly 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 return on equity of 17.93% and a net margin of 15.31%. As a group, equities analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its board has approved a share repurchase program on Thursday, February 20th that allows the company to buyback 60,000,000 shares. This buyback authorization allows the business services provider to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board believes its shares are undervalued.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the 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 sale, the chief operating officer now owns 227,711 shares in the company, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.75% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FI. The Goldman Sachs Group upped their price objective on Fiserv from $208.00 to $231.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 3rd. Oppenheimer upped their price target on shares of Fiserv from $214.00 to $239.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Citigroup lifted 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. Morgan Stanley upped their target price on shares of Fiserv from $258.00 to $267.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, Susquehanna raised their target price on shares of Fiserv from $230.00 to $270.00 and gave the company a "positive" rating in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Fiserv has an average rating of "Buy" and a consensus price target of $242.32.

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.