Fiserv, Inc. (NYSE:FI) Shares Sold by Troy Asset Management Ltd

Troy Asset Management Ltd lowered its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 11.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 261,967 shares of the business services provider's stock after selling 33,781 shares during the period. Fiserv makes up approximately 1.8% of Troy Asset Management Ltd's investment portfolio, making the stock its 16th biggest position. Troy Asset Management Ltd's holdings in Fiserv were worth $53,813,000 as of its most recent SEC filing.

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

Fiserv Stock Up 1.9 %

Shares of NYSE:FI traded up $4.28 during trading on Wednesday, reaching $226.29. The stock had a trading volume of 1,712,428 shares, compared to its average volume of 2,638,346. The firm's 50-day simple moving average is $222.51 and its 200 day simple moving average is $208.84. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a one year low of $145.98 and a one year high of $238.59. The company has a market capitalization of $127.01 billion, a P/E ratio of 41.98, a PEG ratio of 1.52 and a beta of 0.93.

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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 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, research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its board has approved a share repurchase program on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

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 completion of the sale, the chief operating officer now directly owns 227,711 shares in the company, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.75% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods increased their price target on Fiserv from $238.00 to $260.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. KeyCorp increased their target price on Fiserv from $250.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. StockNews.com initiated coverage on shares of Fiserv in a research note on Sunday, March 23rd. They set a "buy" rating for the company. Stephens upped their price target on shares of Fiserv from $255.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, Susquehanna lifted their price objective on shares of Fiserv from $230.00 to $270.00 and gave the company a "positive" rating in a report on Monday, February 10th. One investment analyst has rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $243.64.

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.