Mutual of America Capital Management LLC Lowers Stock Holdings in Fiserv, Inc. (NYSE:FI)

Mutual of America Capital Management LLC trimmed its position in shares of Fiserv, Inc. (NYSE:FI) by 3.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,156 shares of the business services provider’s stock after selling 2,741 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Fiserv were worth $14,001,000 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 FI. Valley National Advisers Inc. purchased a new position in Fiserv during the 4th quarter valued at about $29,000. Marshall Investment Management LLC purchased a new position in shares of Fiserv in the 4th quarter valued at about $29,000. Compass Financial Services Inc purchased a new position in shares of Fiserv in the 4th quarter valued at about $31,000. Kennebec Savings Bank purchased a new position in shares of Fiserv in the 3rd quarter valued at about $40,000. Finally, Friedenthal Financial purchased a new position in shares of Fiserv in the 4th quarter valued at about $49,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FI shares. StockNews.com cut Fiserv from a “buy” rating to a “hold” rating in a research note on Tuesday. KeyCorp lifted their price objective on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. BMO Capital Markets lifted their price objective on Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Compass Point initiated coverage on Fiserv in a research note on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price objective for the company. Finally, Susquehanna raised their target price on Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a research report on Monday, February 10th. Three analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate 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 value 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 approximately $53,637,326.05. This represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.75% of the company’s stock.

Fiserv Trading Up 1.8 %

NYSE:FI opened at $235.67 on Friday. The firm has a market cap of $132.28 billion, a P/E ratio of 43.72, a PEG ratio of 1.52 and a beta of 0.94. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The stock’s 50 day simple moving average is $216.68 and its 200-day simple moving average is $200.81. Fiserv, Inc. has a 12-month low of $145.98 and a 12-month high of $237.99.

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

Fiserv declared that its board has approved a stock 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 purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is 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.