Shelton Capital Management Sells 31,569 Shares of Fiserv, Inc. (NYSE:FI)

Shelton Capital Management reduced its position in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 37.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,552 shares of the business services provider's stock after selling 31,569 shares during the period. Shelton Capital Management's holdings in Fiserv were worth $10,795,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Valley National Advisers Inc. acquired a new position in Fiserv in the fourth quarter valued at about $29,000. Marshall Investment Management LLC acquired a new position in shares of Fiserv in the 4th quarter valued at approximately $29,000. Compass Financial Services Inc bought a new stake in shares of Fiserv during the 4th quarter worth approximately $31,000. Campbell Capital Management Inc. bought a new position in Fiserv in the fourth quarter valued at approximately $37,000. Finally, Knuff & Co LLC bought a new stake in Fiserv during the fourth quarter worth $45,000. Institutional investors own 90.98% of the company's stock.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the business's stock in a transaction 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 sale, the chief operating officer now directly owns 227,711 shares in the company, valued at $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.75% of the stock is currently owned by corporate insiders.

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Fiserv Stock Up 1.8 %

Fiserv stock traded up $3.60 during trading on Friday, hitting $207.98. 2,784,695 shares of the company were exchanged, compared to its average volume of 2,718,137. The company has a market capitalization of $116.17 billion, a P/E ratio of 38.59, a PEG ratio of 1.52 and a beta of 0.91. The business's 50 day moving average is $221.27 and its 200 day moving average is $210.67. Fiserv, Inc. has a 52 week low of $145.98 and a 52 week high of $238.59. 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 (NYSE:FI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating 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%. Analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its Board of Directors has initiated a share repurchase plan 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 plans are often a sign that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on FI shares. BMO Capital Markets raised their price objective on Fiserv from $233.00 to $260.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Stephens raised their target price on shares of Fiserv from $255.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Wells Fargo & Company upped their price target on shares of Fiserv from $240.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. StockNews.com initiated coverage on Fiserv in a report on Sunday, March 23rd. They set a "buy" rating on the stock. Finally, The Goldman Sachs Group upgraded shares of Fiserv from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $246.00 to $260.00 in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $239.35.

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.