Ossiam Sells 48,216 Shares of Fiserv, Inc. (NYSE:FI)

Ossiam cut its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 11.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 357,618 shares of the business services provider's stock after selling 48,216 shares during the period. Fiserv makes up approximately 2.4% of Ossiam's holdings, making the stock its 16th biggest position. Ossiam owned 0.06% of Fiserv worth $73,462,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of FI. Jacobi Capital Management LLC lifted its position in Fiserv by 0.4% in the fourth quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider's stock worth $2,281,000 after purchasing an additional 44 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Fiserv by 1.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider's stock valued at $841,000 after purchasing an additional 45 shares in the last quarter. Catalina Capital Group LLC grew its stake in shares of Fiserv by 2.3% in the 4th quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider's stock valued at $444,000 after purchasing an additional 48 shares during the period. Mount Yale Investment Advisors LLC raised its holdings in shares of Fiserv by 1.2% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider's stock worth $848,000 after buying an additional 50 shares in the last quarter. Finally, Hemington Wealth Management lifted its position in shares of Fiserv by 6.1% during the 4th quarter. Hemington Wealth Management now owns 864 shares of the business services provider's stock worth $177,000 after buying an additional 50 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the 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 sale, the chief operating officer now directly owns 227,711 shares in the company, valued at $53,637,326.05. This represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.75% of the company's stock.

Fiserv Trading Down 17.5 %

NYSE FI traded down $38.09 on Thursday, reaching $179.01. The company had a trading volume of 12,604,188 shares, compared to its average volume of 2,752,391. 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 $146.25 and a 52 week high of $238.59. The stock has a market cap of $99.99 billion, a price-to-earnings ratio of 33.22, a PEG ratio of 1.52 and a beta of 0.91. The stock's 50 day moving average is $218.33 and its 200-day moving average is $211.91.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, beating analysts' consensus estimates of $2.07 by $0.07. 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 initiated a share repurchase program on Thursday, February 20th that allows the company to buyback 60,000,000 shares. This buyback authorization allows the business services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FI. Wells Fargo & Company increased their price objective on Fiserv from $240.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Redburn Atlantic reiterated a "sell" rating and set a $150.00 target price on shares of Fiserv in a research report on Thursday, April 17th. Morgan Stanley boosted their price target on shares of Fiserv from $258.00 to $267.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods raised their price objective on shares of Fiserv from $238.00 to $260.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Finally, Royal Bank of Canada boosted their target price on Fiserv from $255.00 to $270.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Fiserv has a consensus rating of "Moderate Buy" and a consensus price target of $234.79.

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.