Fiserv, Inc. (NYSE:FI) Shares Sold by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC decreased its holdings in Fiserv, Inc. (NYSE:FI) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,498 shares of the business services provider’s stock after selling 378 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Fiserv were worth $1,129,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FI. Sanders Capital LLC purchased a new position in Fiserv during the 3rd quarter worth approximately $764,543,000. FMR LLC grew its position in Fiserv by 17.8% during the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after purchasing an additional 1,427,664 shares in the last quarter. Kovitz Investment Group Partners LLC grew its position in Fiserv by 788.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock worth $109,700,000 after purchasing an additional 561,377 shares in the last quarter. Mizuho Securities USA LLC boosted its stake in shares of Fiserv by 1,238.6% during the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after buying an additional 558,774 shares during the period. Finally, Proficio Capital Partners LLC boosted its stake in shares of Fiserv by 30,479.9% during the 4th quarter. Proficio Capital Partners LLC now owns 484,997 shares of the business services provider’s stock valued at $99,628,000 after buying an additional 483,411 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada lifted their target price on shares of Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Barclays lifted their target price on shares of Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. BMO Capital Markets lifted their price objective on shares of Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Stephens lifted their price objective on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, 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. Three analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $239.83.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $235.55, for a total value of $10,599,750.00. Following the sale, the chief operating officer now owns 227,711 shares of the company’s stock, valued at $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

NYSE:FI opened at $237.65 on Tuesday. The firm’s 50-day moving average is $217.30 and its 200-day moving average is $201.84. 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. The company has a market cap of $133.39 billion, a price-to-earnings ratio of 44.09, a PEG ratio of 1.52 and a beta of 0.94.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its board has authorized a share buyback plan on Thursday, February 20th that allows the company to repurchase 60,000,000 outstanding shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

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.