Northwest & Ethical Investments L.P. Sells 3,985 Shares of Fiserv, Inc. (NYSE:FI)

Northwest & Ethical Investments L.P. trimmed its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 203,658 shares of the business services provider's stock after selling 3,985 shares during the quarter. Fiserv accounts for about 1.1% of Northwest & Ethical Investments L.P.'s portfolio, making the stock its 10th biggest holding. Northwest & Ethical Investments L.P.'s holdings in Fiserv were worth $41,835,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in FI. FMR LLC boosted its holdings in Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider's stock worth $1,696,341,000 after buying an additional 1,427,664 shares in the last quarter. Sanders Capital LLC bought a new stake in shares of Fiserv during the 3rd quarter worth $764,543,000. Bank of New York Mellon Corp grew its holdings in shares of Fiserv by 4.7% in the 4th quarter. Bank of New York Mellon Corp now owns 3,711,072 shares of the business services provider's stock worth $762,328,000 after acquiring an additional 164,949 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Fiserv by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,620,785 shares of the business services provider's stock worth $743,782,000 after purchasing an additional 90,475 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Fiserv during the fourth quarter valued at $614,982,000. Institutional investors own 90.98% of the company's stock.

Remove Ads

Fiserv Price Performance

FI traded up $3.81 during midday trading on Monday, reaching $221.90. 1,685,762 shares of the company's stock were exchanged, compared to its average volume of 2,519,593. 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 business has a 50-day simple moving average of $220.87 and a two-hundred day simple moving average of $206.81. The firm has a market capitalization of $124.55 billion, a price-to-earnings ratio of 41.17, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. Fiserv, Inc. has a one year low of $145.98 and a one year high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS 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 year.

Fiserv declared that its Board of Directors has initiated a stock buyback plan on Thursday, February 20th that allows the company to repurchase 60,000,000 shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of Fiserv from $240.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Barclays boosted their target price on shares of Fiserv from $235.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. KeyCorp raised their target price on Fiserv from $250.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. BMO Capital Markets upped their price target on Fiserv from $233.00 to $260.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Finally, Susquehanna raised their price objective on Fiserv from $230.00 to $270.00 and gave the stock a "positive" rating in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $239.83.

Insider Transactions at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the company's stock in a transaction dated 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 directly owns 227,711 shares of the company's stock, valued at approximately $53,637,326.05. This represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.75% of the stock is owned by insiders.

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.