Royal London Asset Management Ltd. Has $52.43 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Royal London Asset Management Ltd. cut its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 255,247 shares of the business services provider's stock after selling 4,017 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Fiserv were worth $52,433,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. 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 valued at $2,281,000 after buying an additional 44 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of Fiserv by 1.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider's stock worth $841,000 after purchasing an additional 45 shares in the last quarter. Catalina Capital Group LLC grew its position in Fiserv by 2.3% during the 4th quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider's stock worth $444,000 after purchasing an additional 48 shares during the last quarter. Mount Yale Investment Advisors LLC increased its stake in 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 valued at $848,000 after buying an additional 50 shares during the period. Finally, Hemington Wealth Management increased its position in 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 purchasing an additional 50 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several equities research analysts recently issued reports on FI shares. Royal Bank of Canada lifted their price target on shares of Fiserv from $255.00 to $270.00 and gave the stock an "outperform" rating in a research note 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 research note on Thursday, February 6th. Susquehanna increased their price objective on Fiserv from $230.00 to $270.00 and gave the stock a "positive" rating in a report on Monday, February 10th. The Goldman Sachs Group raised their price objective on shares of Fiserv from $208.00 to $231.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 3rd. Finally, Seaport Res Ptn raised shares of Fiserv from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Fiserv has a consensus rating of "Moderate Buy" and a consensus price target of $239.83.

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 on Thursday, February 20th. The shares were 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 $53,637,326.05. This trade represents a 16.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.75% of the company's stock.

Fiserv Stock Up 0.4 %

FI traded up $0.86 during trading hours on Tuesday, reaching $222.65. 1,935,274 shares of the stock traded hands, compared to its average volume of 2,519,313. Fiserv, Inc. has a fifty-two week low of $145.98 and a fifty-two week high of $238.59. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The company has a market cap of $124.97 billion, a price-to-earnings ratio of 41.31, a PEG ratio of 1.52 and a beta of 0.93. The firm's fifty day simple moving average is $220.87 and its two-hundred day simple moving average is $206.81.

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, topping analysts' consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. As a group, analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its Board of Directors has initiated a stock buyback program on Thursday, February 20th that authorizes the company to buyback 60,000,000 outstanding shares. This buyback authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership 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.