Schubert & Co trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 13.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 314,565 shares of the business services provider's stock after selling 49,724 shares during the period. Fiserv comprises approximately 43.5% of Schubert & Co's portfolio, making the stock its largest position. Schubert & Co owned about 0.06% of Fiserv worth $64,618,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of FI. Creative Planning increased its stake in shares of Fiserv by 4.7% in the third quarter. Creative Planning now owns 148,405 shares of the business services provider's stock worth $26,661,000 after buying an additional 6,649 shares during the period. Blue Trust Inc. increased its position in shares of Fiserv by 197.1% in the third quarter. Blue Trust Inc. now owns 5,490 shares of the business services provider's stock valued at $986,000 after acquiring an additional 3,642 shares during the period. Resonant Capital Advisors LLC raised its stake in shares of Fiserv by 8.0% during the third quarter. Resonant Capital Advisors LLC now owns 2,881 shares of the business services provider's stock valued at $518,000 after acquiring an additional 214 shares during the last quarter. Bellecapital International Ltd. boosted its holdings in shares of Fiserv by 0.9% during the third quarter. Bellecapital International Ltd. now owns 73,448 shares of the business services provider's stock worth $13,195,000 after purchasing an additional 676 shares during the period. Finally, Castleview Partners LLC grew its stake in shares of Fiserv by 3.3% in the third quarter. Castleview Partners LLC now owns 2,566 shares of the business services provider's stock worth $461,000 after purchasing an additional 82 shares during the last quarter. 90.98% of the stock is owned by institutional investors.
Fiserv Stock Performance
Shares of NYSE:FI traded down $1.96 during midday trading on Friday, reaching $232.47. 4,404,077 shares of the company's stock traded hands, compared to its average volume of 2,787,555. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. Fiserv, Inc. has a one year low of $145.98 and a one year high of $237.99. The company has a market cap of $132.26 billion, a price-to-earnings ratio of 43.13, a P/E/G ratio of 1.53 and a beta of 0.94. The stock has a 50 day moving average of $213.81 and a 200 day moving average of $198.28.
Fiserv (NYSE:FI - Get Free Report) last posted its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.
Fiserv declared that its Board of Directors has authorized a stock buyback program on Thursday, February 20th that allows the company to repurchase 60,000,000 outstanding shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.
Wall Street Analysts Forecast Growth
FI has been the subject of a number of recent analyst reports. Mizuho upped their price target on Fiserv from $183.00 to $222.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Seaport Res Ptn upgraded Fiserv from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Wells Fargo & Company boosted their price objective on shares of Fiserv from $240.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Stephens lifted their target price on shares of Fiserv from $255.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Finally, Barclays upped their target price on Fiserv from $235.00 to $265.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Two analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $239.83.
Get Our Latest Research Report on FI
Insider Buying and Selling
In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $235.55, for a total value of $10,599,750.00. Following the transaction, the chief operating officer now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.75% of the stock is currently owned by corporate insiders.
Fiserv Profile
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Free Report)
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.
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