Meridiem Investment Management Ltd. Sells 186,464 Shares of Fiserv, Inc. (NYSE:FI)

Meridiem Investment Management Ltd. cut its position in Fiserv, Inc. (NYSE:FI - Free Report) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,876,079 shares of the business services provider's stock after selling 186,464 shares during the period. Fiserv comprises about 6.9% of Meridiem Investment Management Ltd.'s portfolio, making the stock its largest position. Meridiem Investment Management Ltd. owned approximately 0.33% of Fiserv worth $385,588,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Valley National Advisers Inc. acquired a new stake in shares of Fiserv during the fourth quarter worth $29,000. Compass Financial Services Inc acquired a new stake in shares of Fiserv during the fourth quarter worth $31,000. Kennebec Savings Bank acquired a new stake in shares of Fiserv during the third quarter worth $40,000. Northwest Investment Counselors LLC acquired a new stake in shares of Fiserv during the third quarter worth $44,000. Finally, Friedenthal Financial bought a new position in Fiserv in the fourth quarter valued at $49,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

Fiserv stock traded down $1.71 during midday trading on Thursday, hitting $234.63. The company's stock had a trading volume of 3,688,312 shares, compared to its average volume of 2,738,570. The company has a market cap of $133.48 billion, a price-to-earnings ratio of 43.53, a PEG ratio of 1.53 and a beta of 0.94. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The company has a 50-day moving average price of $212.66 and a two-hundred day moving average price of $197.48. Fiserv, Inc. has a 1-year low of $145.98 and a 1-year high of $238.00.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly 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, sell-side analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the business's stock in a transaction that occurred on 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 $53,637,326.05. The trade was a 16.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.75% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

FI has been the subject of a number of analyst reports. The Goldman Sachs Group raised their target price on shares of Fiserv from $208.00 to $231.00 and gave the company a "neutral" rating in a research report on Tuesday, December 3rd. Oppenheimer raised their target price on shares of Fiserv from $214.00 to $239.00 and gave the company an "outperform" rating in a research report on Thursday, December 19th. Susquehanna lifted their price objective on shares of Fiserv from $230.00 to $270.00 and gave the company a "positive" rating in a research report on Monday, February 10th. Compass Point started coverage on shares of Fiserv in a research report on Wednesday, November 20th. They issued a "buy" rating and a $278.00 price objective for the company. Finally, Royal Bank of Canada lifted their price objective on shares of Fiserv from $255.00 to $270.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Two equities research 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $239.83.

Fiserv 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.