Fiserv, Inc. (NYSE:FI) Holdings Cut by Invesco Ltd.

Invesco Ltd. trimmed its position in Fiserv, Inc. (NYSE:FI - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,806,141 shares of the business services provider's stock after selling 448,063 shares during the period. Invesco Ltd. owned about 1.20% of Fiserv worth $1,398,117,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FI. Valley National Advisers Inc. purchased a new stake in shares of Fiserv in the fourth quarter valued at $29,000. Marshall Investment Management LLC purchased a new stake in Fiserv in the 4th quarter valued at about $29,000. Compass Financial Services Inc acquired a new position in shares of Fiserv during the 4th quarter valued at about $31,000. Campbell Capital Management Inc. purchased a new position in shares of Fiserv during the 4th quarter worth about $37,000. Finally, Knuff & Co LLC acquired a new stake in shares of Fiserv in the fourth quarter worth approximately $45,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on FI shares. Stephens upped their price target on shares of Fiserv from $255.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Citigroup increased their target price on Fiserv from $230.00 to $233.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Susquehanna lifted their target price on Fiserv from $230.00 to $270.00 and gave the company a "positive" rating in a report on Monday, February 10th. Seaport Res Ptn upgraded Fiserv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Finally, Wells Fargo & Company lifted their price objective on Fiserv from $240.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $239.35.

Remove Ads

Insider Activity

In other news, COO Guy Chiarello sold 45,000 shares of the business's 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 completion of the sale, the chief operating officer now directly owns 227,711 shares in the company, valued at approximately $53,637,326.05. The trade was a 16.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.75% of the company's stock.

Fiserv Stock Up 1.8 %

NYSE FI traded up $3.60 during mid-day trading on Friday, reaching $207.98. 2,784,695 shares of the company's stock traded hands, compared to its average volume of 2,715,748. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a 1-year low of $145.98 and a 1-year high of $238.59. The company has a fifty day simple moving average of $221.27 and a 200-day simple moving average of $210.44. The company has a market cap of $116.17 billion, a price-to-earnings ratio of 38.59, a P/E/G ratio of 1.52 and a beta of 0.91.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping 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%. As a group, equities research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its board has authorized a stock repurchase plan on Thursday, February 20th that allows the company to buyback 60,000,000 shares. This buyback authorization allows the business services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

Fiserv Company 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.