Gabelli Funds LLC Sells 3,270 Shares of Fiserv, Inc. (NYSE:FI)

Gabelli Funds LLC decreased its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 18.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,030 shares of the business services provider's stock after selling 3,270 shares during the quarter. Gabelli Funds LLC's holdings in Fiserv were worth $2,882,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FI. Czech National Bank boosted its position in Fiserv by 5.2% in the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider's stock valued at $25,339,000 after buying an additional 6,072 shares during the last quarter. Trust Co. of Vermont boosted its holdings in shares of Fiserv by 170.4% in the 4th quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider's stock valued at $1,405,000 after buying an additional 4,310 shares during the last quarter. Cardano Risk Management B.V. bought a new stake in Fiserv in the 4th quarter valued at $97,254,000. Root Financial Partners LLC bought a new position in shares of Fiserv in the fourth quarter worth $257,000. Finally, World Investment Advisors LLC increased its position in shares of Fiserv by 1,469.7% in the third quarter. World Investment Advisors LLC now owns 55,802 shares of the business services provider's stock worth $10,025,000 after purchasing an additional 52,247 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 45,000 shares of the business's 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 transaction, the chief operating officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.75% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on FI shares. Monness Crespi & Hardt lowered Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price objective on the stock. in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods lifted their price objective on shares of Fiserv from $238.00 to $260.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Morgan Stanley increased their price objective on shares of Fiserv from $258.00 to $267.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. StockNews.com initiated coverage on Fiserv in a research note on Sunday, March 23rd. They issued a "buy" rating on the stock. Finally, Citigroup raised their price target on Fiserv from $230.00 to $233.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $234.79.

Fiserv Stock Down 17.5 %

Shares of NYSE FI traded down $37.99 during mid-day trading on Thursday, reaching $179.11. The company had a trading volume of 9,364,213 shares, compared to its average volume of 2,740,714. The stock has a market capitalization of $100.05 billion, a PE ratio of 33.27, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. Fiserv, Inc. has a twelve month low of $146.25 and a twelve month high of $238.59. The stock's 50 day moving average is $218.33 and its 200-day moving average is $211.91. 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 (NYSE:FI - Get Free Report) last posted its earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping the consensus estimate of $2.07 by $0.07. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. As a group, equities analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its Board of Directors has authorized a share repurchase program on Thursday, February 20th that permits the company to buyback 60,000,000 shares. This buyback authorization permits the business services provider to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

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.