LSV Asset Management Decreases Stock Position in Fiserv, Inc. (NYSE:FI)

LSV Asset Management decreased its position in shares of Fiserv, Inc. (NYSE:FI) by 88.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,232 shares of the business services provider’s stock after selling 61,368 shares during the quarter. LSV Asset Management’s holdings in Fiserv were worth $1,691,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Valley National Advisers Inc. bought a new position in Fiserv in the 4th quarter worth about $29,000. Marshall Investment Management LLC bought a new position in shares of Fiserv in the fourth quarter worth approximately $29,000. Compass Financial Services Inc bought a new stake in Fiserv during the fourth quarter valued at approximately $31,000. Campbell Capital Management Inc. bought a new position in shares of Fiserv in the 4th quarter worth $37,000. Finally, Knuff & Co LLC purchased a new stake in shares of Fiserv during the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the company’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 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 legal filing with the SEC, which is accessible through this link. Insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on FI. Susquehanna increased their price target on shares of Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a research report on Monday, February 10th. Royal Bank of Canada lifted their target price on shares of Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. KeyCorp boosted their price target on shares of Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods raised their price objective on Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, StockNews.com started coverage on Fiserv in a research note on Sunday, March 23rd. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and an average target price of $239.35.

Fiserv Price Performance

NYSE:FI opened at $212.44 on Tuesday. 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 50 day moving average price of $220.94 and a 200-day moving average price of $210.90. The firm has a market cap of $118.66 billion, a price-to-earnings ratio of 39.41, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91.

Fiserv (NYSE:FI) last issued its quarterly 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%. Equities research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

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