Fiserv, Inc. (NYSE:FI) Shares Sold by Main Street Financial Solutions LLC

Main Street Financial Solutions LLC lessened its stake in Fiserv, Inc. (NYSE:FI) by 13.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,852 shares of the business services provider’s stock after selling 1,684 shares during the quarter. Main Street Financial Solutions LLC’s holdings in Fiserv were worth $2,229,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of FI. Valley National Advisers Inc. acquired a new stake in Fiserv during the fourth quarter valued at approximately $29,000. Marshall Investment Management LLC bought a new stake in shares of Fiserv in the 4th quarter valued at approximately $29,000. Compass Financial Services Inc acquired a new stake in shares of Fiserv during the 4th quarter valued at approximately $31,000. Campbell Capital Management Inc. bought a new position in Fiserv during the fourth quarter worth $37,000. Finally, Knuff & Co LLC acquired a new position in Fiserv in the fourth quarter worth $45,000. Institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

FI has been the topic of a number of research reports. Monness Crespi & Hardt cut shares of Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 target price on the stock. in a report on Wednesday, April 9th. Citigroup increased their price objective on shares of Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Royal Bank of Canada lifted their target price on Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. StockNews.com started coverage on Fiserv in a research report on Sunday, March 23rd. They set a “buy” rating on the stock. Finally, Keefe, Bruyette & Woods boosted 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. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $238.48.

Fiserv Stock Up 0.3 %

Shares of Fiserv stock opened at $212.83 on Wednesday. Fiserv, Inc. has a 1 year low of $145.98 and a 1 year high of $238.59. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The company has a market capitalization of $118.88 billion, a P/E ratio of 39.49, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The business has a 50-day moving average of $220.58 and a two-hundred day moving average of $210.92.

Fiserv (NYSE:FI) last announced its earnings results on Wednesday, February 5th. The business services provider reported $2.51 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%. As a group, equities analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its Board of Directors has initiated a share repurchase program on Thursday, February 20th that authorizes the company to buyback 60,000,000 outstanding shares. This buyback authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction dated 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 owns 227,711 shares in the company, valued at $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 is available at the SEC website. 0.75% of the stock is owned by insiders.

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.