Fiserv, Inc. (NYSE:FI) Shares Sold by FIL Ltd

FIL Ltd trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 57.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 264,312 shares of the business services provider's stock after selling 360,699 shares during the period. FIL Ltd's holdings in Fiserv were worth $54,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Wellington Management Group LLP lifted its holdings in shares of Fiserv by 80.1% in the 3rd quarter. Wellington Management Group LLP now owns 50,386 shares of the business services provider's stock valued at $9,052,000 after purchasing an additional 22,410 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Fiserv by 6.0% in the third quarter. Nomura Asset Management Co. Ltd. now owns 173,054 shares of the business services provider's stock valued at $31,089,000 after acquiring an additional 9,838 shares during the period. Continuum Advisory LLC increased its holdings in shares of Fiserv by 21.0% in the 3rd quarter. Continuum Advisory LLC now owns 1,160 shares of the business services provider's stock valued at $208,000 after acquiring an additional 201 shares during the period. Barclays PLC grew its position in Fiserv by 3.0% during the 3rd quarter. Barclays PLC now owns 1,685,157 shares of the business services provider's stock worth $302,737,000 after purchasing an additional 48,413 shares during the last quarter. Finally, M&T Bank Corp increased its stake in Fiserv by 12.0% in the third quarter. M&T Bank Corp now owns 140,460 shares of the business services provider's stock valued at $25,234,000 after purchasing an additional 15,103 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of Fiserv 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 $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.75% of the company's stock.

Fiserv Trading Up 1.2 %

Shares of NYSE FI traded up $2.46 during trading on Tuesday, hitting $214.70. 584,921 shares of the company traded hands, compared to its average volume of 3,127,874. 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 firm has a market capitalization of $119.93 billion, a P/E ratio of 39.83, a P/E/G ratio of 1.52 and a beta of 0.91. The company has a 50-day moving average price of $220.94 and a 200-day moving average price of $210.90. Fiserv, Inc. has a 1 year low of $145.98 and a 1 year high of $238.59.

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

Fiserv declared that its Board of Directors has approved a share repurchase program on Thursday, February 20th that permits the company to repurchase 60,000,000 outstanding 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 board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts have recently commented on FI shares. StockNews.com began coverage on Fiserv in a research note on Sunday, March 23rd. They set a "buy" rating for the company. Royal Bank of Canada increased their price target on shares of Fiserv from $255.00 to $270.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Oppenheimer lifted their price objective on Fiserv from $214.00 to $239.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. BMO Capital Markets increased their target price on Fiserv from $233.00 to $260.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Finally, Wells Fargo & Company lifted their price target on Fiserv from $240.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Fiserv presently has an average rating of "Moderate Buy" and a consensus price target of $238.48.

About Fiserv

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.