Financiere des Professionnels Fonds d investissement inc. Sells 17,646 Shares of Fiserv, Inc. (NYSE:FI)

Financiere des Professionnels Fonds d investissement inc. lessened its position in Fiserv, Inc. (NYSE:FI - Free Report) by 19.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,108 shares of the business services provider's stock after selling 17,646 shares during the period. Fiserv makes up 1.0% of Financiere des Professionnels Fonds d investissement inc.'s portfolio, making the stock its 21st biggest position. Financiere des Professionnels Fonds d investissement inc.'s holdings in Fiserv were worth $14,812,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of FI. Soros Capital Management LLC increased its holdings in shares of Fiserv by 71.7% during the third quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider's stock valued at $9,844,000 after purchasing an additional 22,884 shares during the period. Czech National Bank boosted its position in shares of Fiserv by 5.2% during the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider's stock valued at $25,339,000 after purchasing an additional 6,072 shares in the last quarter. Chiron Investment Management LLC bought a new position in shares of Fiserv in the third quarter valued at $4,709,000. Trust Co. of Vermont lifted its position in shares of Fiserv by 170.4% during the 4th quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider's stock valued at $1,405,000 after acquiring an additional 4,310 shares during the last quarter. Finally, Cardano Risk Management B.V. bought a new stake in shares of Fiserv during the 4th quarter worth $97,254,000. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Stock Down 0.7 %

NYSE:FI traded down $1.71 during trading hours on Thursday, reaching $234.63. The company's stock had a trading volume of 3,688,312 shares, compared to its average volume of 2,738,570. The company has a market cap of $133.48 billion, a price-to-earnings ratio of 43.53, a price-to-earnings-growth ratio of 1.53 and a beta of 0.94. Fiserv, Inc. has a one year low of $145.98 and a one year high of $238.00. The business's 50-day moving average is $212.66 and its 200-day moving average is $197.48. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07.

Fiserv (NYSE:FI - Get Free Report) last announced its 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%. Equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the 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 completion of the sale, the chief operating officer now directly owns 227,711 shares of the company's stock, valued at $53,637,326.05. This represents a 16.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.75% of the stock is owned by corporate insiders.

Analyst Ratings Changes

FI has been the topic of a number of recent research reports. Compass Point initiated coverage on Fiserv in a report on Wednesday, November 20th. They issued a "buy" rating and a $278.00 target price on the stock. UBS Group lifted their target price on shares of Fiserv from $185.00 to $240.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Barclays lifted their target price on shares of Fiserv from $235.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. TD Cowen lifted their price objective on shares of Fiserv from $200.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets lifted their price objective on shares of Fiserv from $233.00 to $260.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $239.83.

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.