Fiserv, Inc. (NYSE:FI) Shares Sold by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury decreased its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 226,816 shares of the business services provider's stock after selling 5,458 shares during the period. State of Tennessee Department of Treasury's holdings in Fiserv were worth $46,593,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in FI. Valley National Advisers Inc. bought a new stake in Fiserv in the 4th quarter worth approximately $29,000. Marshall Investment Management LLC purchased a new stake in Fiserv during the fourth quarter valued at $29,000. Compass Financial Services Inc bought a new position in Fiserv in the fourth quarter valued at about $31,000. Campbell Capital Management Inc. bought a new position in Fiserv in the fourth quarter valued at about $37,000. Finally, Knuff & Co LLC purchased a new position in Fiserv in the fourth quarter worth about $45,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the firm's stock in a transaction on 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 completion of the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.75% of the stock is currently owned by company insiders.

Fiserv Stock Up 0.4 %

Shares of FI stock traded up $0.65 on Friday, hitting $177.55. The stock had a trading volume of 7,893,959 shares, compared to its average volume of 2,790,332. The business has a 50 day moving average price of $217.25 and a 200 day moving average price of $211.85. Fiserv, Inc. has a one year low of $146.25 and a one year high of $238.59. The company has a market cap of $99.17 billion, a PE ratio of 32.94, a P/E/G ratio of 1.52 and a beta of 0.91. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, beating the consensus estimate of $2.08 by $0.06. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.86 billion. Research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. UBS Group decreased their target price on Fiserv from $265.00 to $255.00 and set a "buy" rating on the stock in a report on Friday. The Goldman Sachs Group raised Fiserv from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $246.00 to $260.00 in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods cut their price objective on Fiserv from $260.00 to $240.00 and set an "outperform" rating for the company in a research note on Friday. Stephens lifted their price target on shares of Fiserv from $255.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, Susquehanna decreased their price objective on shares of Fiserv from $250.00 to $240.00 and set a "positive" rating on the stock in a research report on Friday. Two equities research 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 issued a strong buy rating to the company. According to data from MarketBeat.com, Fiserv presently has a consensus rating of "Moderate Buy" and a consensus target price of $233.33.

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.