Treasurer of the State of North Carolina trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 0.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 249,151 shares of the business services provider's stock after selling 1,400 shares during the period. Treasurer of the State of North Carolina's holdings in Fiserv were worth $51,181,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the business. Marshall Investment Management LLC purchased a new stake in shares of Fiserv in the fourth quarter worth approximately $29,000. Valley National Advisers Inc. purchased a new stake in Fiserv in the 4th quarter worth approximately $29,000. Compass Financial Services Inc acquired a new stake in shares of Fiserv during the 4th quarter valued at $31,000. Campbell Capital Management Inc. purchased a new position in shares of Fiserv during the 4th quarter valued at $37,000. Finally, Knuff & Co LLC acquired a new position in shares of Fiserv in the fourth quarter worth $45,000. 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 on Thursday, February 20th. The stock was sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the transaction, the chief operating officer now 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.75% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on FI shares. The Goldman Sachs Group upgraded Fiserv from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $246.00 to $260.00 in a report on Wednesday, April 2nd. Royal Bank of Canada increased 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 lifted their price objective on shares of Fiserv from $238.00 to $260.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Morgan Stanley increased their target price on shares of Fiserv from $258.00 to $267.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Finally, Susquehanna reduced their price target on Fiserv from $270.00 to $250.00 and set a "positive" rating for the company in a research report on Tuesday. One analyst has rated the stock with a sell rating, one has given a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Fiserv presently has a consensus rating of "Moderate Buy" and an average target price of $238.48.
View Our Latest Analysis on Fiserv
Fiserv Stock Performance
FI traded up $1.58 during trading hours on Tuesday, reaching $213.82. The company's stock had a trading volume of 798,750 shares, compared to its average volume of 2,709,471. The company's 50-day moving average is $220.94 and its 200-day moving average is $210.90. Fiserv, Inc. has a 52 week low of $145.98 and a 52 week high of $238.59. The firm has a market cap of $119.43 billion, a PE ratio of 39.67, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06.
Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share 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%. On average, equities analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.
Fiserv announced that its board has initiated a share buyback plan on Thursday, February 20th that allows the company to repurchase 60,000,000 shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.
Fiserv Company Profile
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Free Report)
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.
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