Greenland Capital Management LP Has $2 Million Holdings in Fiserv, Inc. (NYSE:FI)

Greenland Capital Management LP decreased its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 51.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,729 shares of the business services provider's stock after selling 10,306 shares during the quarter. Greenland Capital Management LP's holdings in Fiserv were worth $1,999,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP grew its position in Fiserv by 80.1% in the third quarter. Wellington Management Group LLP now owns 50,386 shares of the business services provider's stock valued at $9,052,000 after acquiring an additional 22,410 shares during the period. EP Wealth Advisors LLC grew its holdings in shares of Fiserv by 0.8% in the 3rd quarter. EP Wealth Advisors LLC now owns 12,373 shares of the business services provider's stock worth $2,223,000 after purchasing an additional 97 shares during the last quarter. MML Investors Services LLC increased its position in shares of Fiserv by 11.4% during the 3rd quarter. MML Investors Services LLC now owns 121,428 shares of the business services provider's stock worth $21,815,000 after purchasing an additional 12,427 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Fiserv by 6.0% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 173,054 shares of the business services provider's stock valued at $31,089,000 after purchasing an additional 9,838 shares during the last quarter. Finally, Drucker Wealth 3.0 LLC boosted its position in Fiserv by 4.5% in the third quarter. Drucker Wealth 3.0 LLC now owns 4,803 shares of the business services provider's stock valued at $863,000 after buying an additional 205 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

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Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the firm'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 owns 227,711 shares of the company's stock, 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 SEC, which can be accessed through this link. Insiders own 0.75% of the company's stock.

Fiserv Trading Up 1.8 %

NYSE FI traded up $3.60 on Friday, reaching $207.98. The company had a trading volume of 2,784,695 shares, compared to its average volume of 2,718,137. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a 52 week low of $145.98 and a 52 week high of $238.59. The stock has a market cap of $116.17 billion, a price-to-earnings ratio of 38.59, a PEG ratio of 1.52 and a beta of 0.91. The stock's 50 day moving average is $221.27 and its 200-day moving average is $210.67.

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 for the quarter, beating analysts' consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Equities analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its board has approved a share buyback program on Thursday, February 20th that allows the company to buyback 60,000,000 outstanding shares. This buyback authorization allows the business services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

FI has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of Fiserv from $240.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Barclays lifted their price objective on Fiserv from $235.00 to $265.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Monness Crespi & Hardt cut Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 target price on the stock. in a report on Wednesday. BMO Capital Markets lifted their price target on Fiserv from $233.00 to $260.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Finally, Royal Bank of Canada increased their price objective on shares of Fiserv from $255.00 to $270.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $239.35.

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.