LSV Asset Management Has $1.69 Million Stock Position in Fiserv, Inc. (NYSE:FI)

LSV Asset Management decreased its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 88.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,232 shares of the business services provider's stock after selling 61,368 shares during the period. LSV Asset Management's holdings in Fiserv were worth $1,691,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

Several brokerages have weighed in on FI. StockNews.com began coverage on Fiserv in a report on Sunday, March 23rd. They set a "buy" rating for the company. Wells Fargo & Company boosted their price target on shares of Fiserv from $240.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Oppenheimer raised their price objective on shares of Fiserv from $214.00 to $239.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. BMO Capital Markets upped their target price on shares of Fiserv from $233.00 to $260.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Finally, Seaport Res Ptn upgraded Fiserv from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $234.79.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the firm'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 transaction, the chief operating officer now directly owns 227,711 shares in the company, valued at $53,637,326.05. This trade represents 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. Company insiders own 0.75% of the company's stock.

Fiserv Stock Down 0.8 %

Shares of NYSE:FI traded down $1.60 during mid-day trading on Friday, reaching $208.51. 3,571,247 shares of the stock were exchanged, compared to its average volume of 2,715,057. The stock's 50 day simple moving average is $219.74 and its 200-day simple moving average is $211.11. Fiserv, Inc. has a one year low of $145.98 and a one year high of $238.59. The company has a market cap of $116.47 billion, a P/E ratio of 38.68, a P/E/G ratio of 1.52 and a beta of 0.91. 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 (NYSE:FI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping 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, equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv declared that its board has authorized a stock repurchase plan on Thursday, February 20th that permits the company to repurchase 60,000,000 shares. This repurchase authorization permits the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its shares are undervalued.

About Fiserv

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.