Fiserv, Inc. (NYSE:FI) Stake Lessened by Venturi Wealth Management LLC

Venturi Wealth Management LLC lowered its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,906 shares of the business services provider's stock after selling 3,681 shares during the quarter. Venturi Wealth Management LLC's holdings in Fiserv were worth $15,798,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Soros Capital Management LLC grew its position in shares of Fiserv by 71.7% during the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider's stock valued at $9,844,000 after buying an additional 22,884 shares during the last quarter. Czech National Bank boosted its stake in Fiserv by 5.2% in the fourth quarter. Czech National Bank now owns 123,353 shares of the business services provider's stock valued at $25,339,000 after acquiring an additional 6,072 shares during the period. Chiron Investment Management LLC bought a new position in shares of Fiserv during the third quarter valued at approximately $4,709,000. Trust Co. of Vermont raised 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 worth $1,405,000 after purchasing an additional 4,310 shares during the period. Finally, Cardano Risk Management B.V. bought a new stake in shares of Fiserv in the 4th quarter worth approximately $97,254,000. Institutional investors own 90.98% of the company's stock.

Fiserv Price Performance

NYSE FI traded down $1.96 on Friday, reaching $232.47. The company's stock had a trading volume of 4,404,077 shares, compared to its average volume of 2,787,555. The firm's 50 day moving average is $213.81 and its two-hundred day moving average is $198.28. The stock has a market cap of $132.26 billion, a PE ratio of 43.13, a PEG ratio of 1.53 and a beta of 0.94. 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 twelve month low of $145.98 and a twelve month high of $237.99.

Fiserv (NYSE:FI - Get Free Report) last released its 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 net margin of 15.31% and a return on equity of 17.93%. As a group, sell-side analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its board has initiated a stock buyback program on Thursday, February 20th that authorizes the company to buyback 60,000,000 outstanding shares. This buyback authorization authorizes the business services provider to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its shares are undervalued.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the business's stock in a transaction on Thursday, February 20th. The stock was 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 $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.75% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. BMO Capital Markets upped their price objective on Fiserv from $233.00 to $260.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Barclays upped their price target 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. Tigress Financial lifted their price objective on shares of Fiserv from $190.00 to $244.00 and gave the company a "buy" rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods upped their target price on shares of Fiserv from $238.00 to $260.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Finally, Seaport Res Ptn raised Fiserv from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Two 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $239.83.

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.