Fiserv, Inc. (NYSE:FI) Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. lowered its holdings in Fiserv, Inc. (NYSE:FI) by 31.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,781 shares of the business services provider’s stock after selling 5,308 shares during the period. First Horizon Advisors Inc.’s holdings in Fiserv were worth $2,420,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Capital City Trust Co. FL boosted its position in Fiserv by 1.1% during the 4th quarter. Capital City Trust Co. FL now owns 27,887 shares of the business services provider’s stock valued at $5,729,000 after purchasing an additional 305 shares during the period. Callan Capital LLC lifted its stake in Fiserv by 6.1% in the fourth quarter. Callan Capital LLC now owns 1,729 shares of the business services provider’s stock valued at $355,000 after buying an additional 100 shares during the last quarter. Bradley Foster & Sargent Inc. CT boosted its holdings in shares of Fiserv by 3.3% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 510,153 shares of the business services provider’s stock valued at $104,796,000 after acquiring an additional 16,441 shares during the period. Centricity Wealth Management LLC acquired a new position in shares of Fiserv during the fourth quarter valued at $79,000. Finally, Tandem Investment Advisors Inc. grew its position in shares of Fiserv by 0.8% during the fourth quarter. Tandem Investment Advisors Inc. now owns 40,133 shares of the business services provider’s stock worth $8,244,000 after acquiring an additional 336 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Trading Down 0.8 %

Shares of NYSE FI opened at $232.47 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a 12 month low of $145.98 and a 12 month high of $237.99. The company has a market cap of $132.26 billion, a price-to-earnings ratio of 43.13, a P/E/G ratio of 1.52 and a beta of 0.94. The business has a fifty day simple moving average of $213.81 and a 200-day simple moving average of $198.86.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Sell-side analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its board has initiated a share repurchase program on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Tigress Financial lifted their price objective on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. KeyCorp lifted their price target on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Oppenheimer increased their price objective on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Susquehanna lifted their target price on Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a research note on Monday, February 10th. Finally, Citigroup increased their price target on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $239.83.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the company’s 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 directly owns 227,711 shares of the company’s stock, valued at approximately $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.75% of the stock is owned by insiders.

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.