GAM Holding AG Lowers Holdings in Fiserv, Inc. (NYSE:FI)

GAM Holding AG lessened its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 7.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,871 shares of the business services provider's stock after selling 8,568 shares during the quarter. Fiserv accounts for 1.6% of GAM Holding AG's investment portfolio, making the stock its 13th largest position. GAM Holding AG's holdings in Fiserv were worth $21,748,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC lifted its holdings in Fiserv by 17.8% during the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider's stock worth $1,696,341,000 after purchasing an additional 1,427,664 shares in the last quarter. Sanders Capital LLC purchased a new stake in Fiserv during the 3rd quarter worth about $764,543,000. Barclays PLC lifted its holdings in Fiserv by 3.0% during the 3rd quarter. Barclays PLC now owns 1,685,157 shares of the business services provider's stock worth $302,737,000 after purchasing an additional 48,413 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Fiserv by 0.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider's stock worth $236,739,000 after purchasing an additional 4,218 shares in the last quarter. Finally, National Pension Service lifted its holdings in Fiserv by 9.2% during the 3rd quarter. National Pension Service now owns 1,112,168 shares of the business services provider's stock worth $199,801,000 after purchasing an additional 93,508 shares in the last quarter. Institutional investors own 90.98% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Oppenheimer increased their price objective on Fiserv from $214.00 to $239.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Wells Fargo & Company raised their price target on Fiserv from $240.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Citigroup raised their price target on Fiserv from $230.00 to $233.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Royal Bank of Canada raised their price target on Fiserv from $255.00 to $270.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Finally, Susquehanna raised their price target on Fiserv from $230.00 to $270.00 and gave the company a "positive" rating in a report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $239.83.

Insider Buying and Selling

In other news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction that occurred 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.75% of the stock is owned by corporate insiders.

Fiserv Trading Down 0.8 %

FI traded down $1.96 on Friday, hitting $232.47. 4,404,077 shares of the company were exchanged, compared to its average volume of 2,787,555. The firm has a fifty day simple moving average of $213.81 and a two-hundred day simple moving average of $198.28. 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 12 month low of $145.98 and a 12 month high of $237.99. The stock has a market capitalization of $132.26 billion, a PE ratio of 43.13, a price-to-earnings-growth ratio of 1.53 and a beta of 0.94.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. Sell-side analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its Board of Directors has authorized a share buyback program on Thursday, February 20th that allows the company to repurchase 60,000,000 outstanding shares. This repurchase authorization allows the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board 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.