Aryeh Capital Management Ltd. Has $16.20 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Aryeh Capital Management Ltd. lowered its holdings in shares of Fiserv, Inc. (NYSE:FI) by 37.5% during the fourth quarter, HoldingsChannel reports. The firm owned 78,842 shares of the business services provider’s stock after selling 47,300 shares during the quarter. Fiserv comprises 9.7% of Aryeh Capital Management Ltd.’s holdings, making the stock its 5th largest holding. Aryeh Capital Management Ltd.’s holdings in Fiserv were worth $16,196,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Jacobi Capital Management LLC increased its position in shares of Fiserv by 0.4% during the fourth quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider’s stock worth $2,281,000 after acquiring an additional 44 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Fiserv by 1.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider’s stock worth $794,000 after purchasing an additional 44 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Fiserv by 1.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider’s stock valued at $841,000 after purchasing an additional 45 shares during the period. Catalina Capital Group LLC lifted its holdings in shares of Fiserv by 2.3% in the fourth quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider’s stock valued at $444,000 after purchasing an additional 48 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC boosted its position in shares of Fiserv by 1.2% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock worth $848,000 after buying an additional 50 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on FI. Redburn Atlantic restated a “sell” rating and issued a $150.00 target price on shares of Fiserv in a research note on Thursday, April 17th. Barclays cut their price objective on shares of Fiserv from $265.00 to $230.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. Monness Crespi & Hardt downgraded shares of Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 target price for the company. in a research report on Wednesday, April 9th. StockNews.com assumed coverage on shares of Fiserv in a research report on Sunday, March 23rd. They set a “buy” rating on the stock. Finally, Morgan Stanley restated an “overweight” rating and issued a $268.00 price objective (up previously from $267.00) on shares of Fiserv in a report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $230.00.

Fiserv Price Performance

Shares of NYSE FI opened at $184.38 on Friday. The firm has a market cap of $102.99 billion, a P/E ratio of 34.21, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The business’s 50 day moving average is $211.04 and its 200-day moving average is $211.52. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a 1-year low of $146.25 and a 1-year high of $238.59.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.06. The firm had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.86 billion. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.88 EPS. Equities research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the transaction, the chief operating officer now directly owns 227,711 shares of the company’s stock, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.75% of the company’s stock.

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.