Soros Capital Management LLC Sells 10,275 Shares of Fiserv, Inc. (NYSE:FI)

Soros Capital Management LLC trimmed its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 18.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,522 shares of the business services provider's stock after selling 10,275 shares during the quarter. Fiserv makes up about 1.5% of Soros Capital Management LLC's portfolio, making the stock its 29th biggest holding. Soros Capital Management LLC's holdings in Fiserv were worth $9,146,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Czech National Bank lifted its stake in Fiserv by 5.2% in the fourth quarter. Czech National Bank now owns 123,353 shares of the business services provider's stock valued at $25,339,000 after acquiring an additional 6,072 shares during the last quarter. Trust Co. of Vermont lifted its position in shares of Fiserv by 170.4% in the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider's stock valued at $1,405,000 after buying an additional 4,310 shares during the last quarter. Cardano Risk Management B.V. bought a new stake in Fiserv in the 4th quarter valued at $97,254,000. Root Financial Partners LLC acquired a new stake in Fiserv during the 4th quarter valued at $257,000. Finally, World Investment Advisors LLC increased its stake in shares of Fiserv by 1,469.7% during the third quarter. World Investment Advisors LLC now owns 55,802 shares of the business services provider's stock worth $10,025,000 after purchasing an additional 52,247 shares during the period. Institutional investors own 90.98% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. KeyCorp upped their price objective on Fiserv from $250.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Monness Crespi & Hardt downgraded Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 target price for the company. in a research report on Wednesday, April 9th. Susquehanna decreased their price target on Fiserv from $250.00 to $240.00 and set a "positive" rating on the stock in a research report on Friday. Redburn Atlantic reiterated a "sell" rating and issued a $150.00 price target on shares of Fiserv in a research note on Thursday, April 17th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $268.00 target price (up from $267.00) on shares of Fiserv in a research report on Friday. Two 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 assigned a strong buy rating to the stock. According to data from MarketBeat, Fiserv has a consensus rating of "Moderate Buy" and an average target price of $233.33.

Fiserv Stock Up 0.4 %

Shares of FI stock traded up $0.65 on Friday, hitting $177.55. The stock had a trading volume of 7,893,959 shares, compared to its average volume of 2,790,330. 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 stock has a market cap of $99.17 billion, a price-to-earnings ratio of 32.94, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. Fiserv, Inc. has a 12-month low of $146.25 and a 12-month high of $238.59. The business has a 50 day moving average of $217.25 and a 200 day moving average of $211.85.

Fiserv (NYSE:FI - Get Free Report) last released its earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.06. The company had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. As a group, analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv declared that its board has approved a stock repurchase plan on Thursday, February 20th that permits the company to repurchase 60,000,000 outstanding shares. This repurchase authorization permits the business services provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its shares are undervalued.

Insider Activity

In related news, COO Guy Chiarello sold 45,000 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the completion of the sale, the chief operating officer now owns 227,711 shares in the company, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.75% of the company's stock.

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.