H&H Retirement Design & Management INC Sells 251 Shares of Fiserv, Inc. (NYSE:FI)

H&H Retirement Design & Management INC lessened its holdings in Fiserv, Inc. (NYSE:FI) by 12.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,846 shares of the business services provider’s stock after selling 251 shares during the quarter. H&H Retirement Design & Management INC’s holdings in Fiserv were worth $379,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in FI. Jacobi Capital Management LLC boosted its holdings in shares of Fiserv by 0.4% in the 4th quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider’s stock worth $2,281,000 after buying an additional 44 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Fiserv by 1.2% in 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 buying an additional 44 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings 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 worth $841,000 after buying an additional 45 shares during the last quarter. Catalina Capital Group LLC boosted its holdings in shares of Fiserv by 2.3% in the 4th quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider’s stock worth $444,000 after buying an additional 48 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC boosted its holdings in shares of Fiserv by 1.2% in the 4th 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 last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Down 1.4%

FI stock opened at $159.02 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The company’s 50 day moving average is $197.21 and its 200 day moving average is $208.96. The stock has a market cap of $88.17 billion, a price-to-earnings ratio of 29.50, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. 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 company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.86 billion. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Fiserv’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.88 earnings per share. Sell-side analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its board has authorized a stock buyback program on Thursday, February 20th that authorizes the company to repurchase 60,000,000 outstanding shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on FI shares. Monness Crespi & Hardt downgraded shares of Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 price target on the stock. in a report on Wednesday, April 9th. JPMorgan Chase & Co. cut their price target on shares of Fiserv from $211.00 to $210.00 and set an “overweight” rating on the stock in a report on Monday, May 19th. Piper Sandler set a $218.00 price target on shares of Fiserv in a report on Friday, April 25th. Barclays cut their price target on shares of Fiserv from $265.00 to $230.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Finally, Mizuho set a $200.00 price objective on shares of Fiserv in a report on Thursday, May 15th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $224.20.

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.