Xponance Inc. Has $20.23 Million Stake in Fiserv, Inc. (NYSE:FI)

Xponance Inc. decreased its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 7.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 98,478 shares of the business services provider's stock after selling 7,760 shares during the quarter. Xponance Inc.'s holdings in Fiserv were worth $20,229,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of FI. Jacobi Capital Management LLC boosted its holdings 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 worth $2,281,000 after purchasing an additional 44 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Fiserv by 1.1% in 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 during the period. Catalina Capital Group LLC lifted its holdings in Fiserv by 2.3% in the fourth 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 period. Mount Yale Investment Advisors LLC lifted its holdings in Fiserv by 1.2% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider's stock worth $848,000 after purchasing an additional 50 shares during the period. Finally, Hemington Wealth Management lifted its holdings in Fiserv by 6.1% in the fourth 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. Institutional investors and hedge funds own 90.98% of the company's stock.

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Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief operating officer now owns 227,711 shares of the company's stock, valued at $53,637,326.05. This represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.75% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Oppenheimer boosted their price target on shares of Fiserv from $214.00 to $239.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Royal Bank of Canada boosted their price target on shares of Fiserv from $255.00 to $270.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Susquehanna boosted their price target on shares of Fiserv from $230.00 to $270.00 and gave the stock a "positive" rating in a research report on Monday, February 10th. Keefe, Bruyette & Woods boosted their price target on shares of Fiserv from $238.00 to $260.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Finally, BMO Capital Markets boosted their price target on shares of Fiserv from $233.00 to $260.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Fiserv currently has a consensus rating of "Moderate Buy" and an average price target of $239.83.

Fiserv Stock Down 1.7 %

Shares of NYSE FI traded down $3.78 during trading hours on Friday, hitting $218.01. The stock had a trading volume of 3,537,416 shares, compared to its average volume of 2,522,983. The company has a market capitalization of $122.37 billion, a P/E ratio of 40.45, a P/E/G ratio of 1.52 and a beta of 0.93. The firm's 50-day moving average price is $220.46 and its two-hundred day moving average price is $206.01. Fiserv, Inc. has a 52 week low of $145.98 and a 52 week 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.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly 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 return on equity of 17.93% and a net margin of 15.31%. Analysts anticipate 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 program on Thursday, February 20th that allows the company to buyback 60,000,000 shares. This buyback authorization allows the business services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

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.