Fiserv, Inc. (NYSE:FI) Stock Holdings Decreased by Carrera Capital Advisors

Carrera Capital Advisors lessened its position in Fiserv, Inc. (NYSE:FI) by 79.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,550 shares of the business services provider’s stock after selling 9,580 shares during the quarter. Carrera Capital Advisors’ holdings in Fiserv were worth $524,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FI. Victory Capital Management Inc. lifted its holdings in shares of Fiserv by 33.0% in the fourth quarter. Victory Capital Management Inc. now owns 390,444 shares of the business services provider’s stock valued at $80,205,000 after purchasing an additional 96,897 shares in the last quarter. Keybank National Association OH lifted its stake in Fiserv by 5.5% in the 4th quarter. Keybank National Association OH now owns 502,667 shares of the business services provider’s stock worth $103,258,000 after acquiring an additional 26,314 shares in the last quarter. Jag Capital Management LLC boosted its position in Fiserv by 1.1% during the 4th quarter. Jag Capital Management LLC now owns 25,187 shares of the business services provider’s stock worth $5,174,000 after acquiring an additional 263 shares during the period. Westover Capital Advisors LLC grew its stake in Fiserv by 42.5% during the 4th quarter. Westover Capital Advisors LLC now owns 9,082 shares of the business services provider’s stock valued at $1,866,000 after acquiring an additional 2,708 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its holdings in shares of Fiserv by 18.7% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 3,824 shares of the business services provider’s stock valued at $789,000 after purchasing an additional 603 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the firm’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 value of $10,599,750.00. Following the completion of the sale, the chief operating officer now owns 227,711 shares in the company, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.75% of the company’s stock.

Fiserv Price Performance

NYSE FI opened at $223.82 on Wednesday. The stock has a market capitalization of $125.63 billion, a PE ratio of 41.52, a P/E/G ratio of 1.52 and a beta of 0.94. The stock has a 50-day simple moving average of $217.59 and a 200 day simple moving average of $202.24. 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, Inc. has a twelve month low of $145.98 and a twelve month high of $238.59.

Fiserv (NYSE:FI) last posted 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 return on equity of 17.93% and a net margin of 15.31%. Research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv declared that its Board of Directors has approved a stock repurchase program on Thursday, February 20th that permits the company to repurchase 60,000,000 shares. This repurchase authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms recently commented on FI. Royal Bank of Canada raised their price target on shares of Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. BMO Capital Markets lifted their target price 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. Wells Fargo & Company upped their price target on shares of Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods lifted their price objective on Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Finally, StockNews.com lowered Fiserv from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $239.83.

Fiserv Company 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.