Arvest Bank Trust Division Sells 3,159 Shares of Fiserv, Inc. (NYSE:FI)

Arvest Bank Trust Division lowered its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 115,903 shares of the business services provider's stock after selling 3,159 shares during the period. Fiserv accounts for 1.4% of Arvest Bank Trust Division's investment portfolio, making the stock its 17th largest holding. Arvest Bank Trust Division's holdings in Fiserv were worth $23,809,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the firm's stock in a transaction 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. This trade represents a 16.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.75% of the stock is owned by insiders.

Wall Street Analyst Weigh In

FI has been the topic of several recent analyst reports. Citigroup increased their price objective on shares of Fiserv from $230.00 to $233.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Morgan Stanley upped their price objective on Fiserv from $258.00 to $267.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. KeyCorp boosted their price target on Fiserv from $250.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Royal Bank of Canada lifted their price objective on Fiserv from $255.00 to $270.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group raised shares of Fiserv from a "neutral" rating to a "buy" rating and raised their target price for the company from $246.00 to $260.00 in a research note on Wednesday, April 2nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $234.79.

Fiserv Stock Up 2.7 %

Shares of FI stock traded up $5.55 during trading on Tuesday, hitting $213.01. 872,515 shares of the company were exchanged, compared to its average volume of 2,712,155. The firm has a market capitalization of $118.98 billion, a price-to-earnings ratio of 39.53, a P/E/G ratio of 1.52 and a beta of 0.91. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The business's 50-day simple moving average is $218.91 and its 200 day simple moving average is $211.85. Fiserv, Inc. has a twelve month low of $146.25 and a twelve month high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating analysts' consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. As a group, analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its Board of Directors has approved a share buyback program on Thursday, February 20th that permits the company to repurchase 60,000,000 shares. This repurchase authorization permits the business services provider to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its shares are 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.