TD Waterhouse Canada Inc. Cuts Stake in Fiserv, Inc. (NYSE:FI)

TD Waterhouse Canada Inc. lessened its holdings in Fiserv, Inc. (NYSE:FI - Free Report) by 24.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,827 shares of the business services provider's stock after selling 10,137 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Fiserv were worth $6,337,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Barclays PLC increased its holdings in Fiserv by 3.0% during the third quarter. Barclays PLC now owns 1,685,157 shares of the business services provider's stock worth $302,737,000 after buying an additional 48,413 shares during the last quarter. Invst LLC acquired a new position in shares of Fiserv during the 3rd quarter worth about $211,000. SkyView Investment Advisors LLC increased its stake in shares of Fiserv by 4.4% during the 3rd quarter. SkyView Investment Advisors LLC now owns 5,275 shares of the business services provider's stock worth $948,000 after purchasing an additional 223 shares during the last quarter. Anchor Investment Management LLC raised its holdings in shares of Fiserv by 1.4% in the 3rd quarter. Anchor Investment Management LLC now owns 35,463 shares of the business services provider's stock valued at $6,371,000 after purchasing an additional 497 shares during the period. Finally, World Investment Advisors LLC lifted its stake in Fiserv by 1,469.7% in the 3rd quarter. World Investment Advisors LLC now owns 55,802 shares of the business services provider's stock valued at $10,025,000 after purchasing an additional 52,247 shares during the last quarter. Institutional investors own 90.98% of the company's stock.

Fiserv Stock Performance

NYSE:FI traded up $0.65 during trading on Friday, reaching $177.55. The company's stock had a trading volume of 7,893,959 shares, compared to its average volume of 2,789,293. The firm 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 company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The firm has a 50 day moving average of $216.08 and a 200-day moving average of $211.78.

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, topping analysts' consensus estimates of $2.08 by $0.06. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. Research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

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

Wall Street Analyst Weigh In

FI has been the subject of a number of recent analyst reports. Citigroup cut their price objective on Fiserv from $267.00 to $240.00 and set a "buy" rating for the company in a research report on Friday. StockNews.com began coverage on Fiserv in a report on Sunday, March 23rd. They set a "buy" rating for the company. Keefe, Bruyette & Woods decreased their price objective on shares of Fiserv from $260.00 to $240.00 and set an "outperform" rating on the stock in a report on Friday. BMO Capital Markets cut their target price on shares of Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a research note on Friday. Finally, Redburn Atlantic reaffirmed a "sell" rating and set a $150.00 target price on shares of Fiserv in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $233.33.

Insider Activity

In other news, COO Guy Chiarello sold 45,000 shares of the business's stock in a transaction on 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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.75% of the company's stock.

Fiserv 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.