Dimensional Fund Advisors LP Decreases Stock Position in Fiserv, Inc. (NYSE:FI)

Dimensional Fund Advisors LP trimmed its position in shares of Fiserv, Inc. (NYSE:FI) by 2.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,755,217 shares of the business services provider’s stock after selling 63,253 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Fiserv were worth $566,005,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in Fiserv by 3.0% during the third quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock worth $302,737,000 after buying an additional 48,413 shares during the last quarter. Invst LLC purchased a new stake in shares of Fiserv in the third quarter valued at about $211,000. SkyView Investment Advisors LLC increased its position in Fiserv by 4.4% during the third quarter. SkyView Investment Advisors LLC now owns 5,275 shares of the business services provider’s stock worth $948,000 after purchasing an additional 223 shares during the last quarter. Anchor Investment Management LLC increased its position in Fiserv by 1.4% during the third quarter. Anchor Investment Management LLC now owns 35,463 shares of the business services provider’s stock worth $6,371,000 after purchasing an additional 497 shares during the last quarter. Finally, World Investment Advisors LLC raised its stake in Fiserv by 1,469.7% during the third quarter. World Investment Advisors LLC now owns 55,802 shares of the business services provider’s stock worth $10,025,000 after purchasing an additional 52,247 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Stephens lifted their target price on Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Redburn Atlantic reissued a “sell” rating and issued a $150.00 price target on shares of Fiserv in a research report on Thursday. Royal Bank of Canada boosted their price objective on Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Barclays lifted their price target on shares of Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Finally, BMO Capital Markets increased their price objective on shares of Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $234.79.

Insiders Place Their Bets

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. 0.75% of the stock is owned by corporate insiders.

Fiserv Stock Down 0.8 %

Fiserv stock opened at $208.51 on Friday. The stock’s fifty day moving average is $219.31 and its two-hundred day moving average is $211.30. The firm has a market capitalization of $116.47 billion, a price-to-earnings ratio of 38.68, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. Fiserv, Inc. has a fifty-two week low of $145.98 and a fifty-two 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.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping 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%. Analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its board has authorized a stock repurchase plan on Thursday, February 20th that permits the company to repurchase 60,000,000 outstanding shares. This repurchase authorization permits the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.