Fiserv, Inc. (NYSE:FI) Stock Position Decreased by Bridges Investment Management Inc.

Bridges Investment Management Inc. decreased its position in Fiserv, Inc. (NYSE:FI) by 9.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,812 shares of the business services provider’s stock after selling 1,715 shares during the quarter. Bridges Investment Management Inc.’s holdings in Fiserv were worth $3,454,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in FI. Valley National Advisers Inc. bought a new stake in shares of Fiserv during the 4th quarter worth about $29,000. Marshall Investment Management LLC bought a new position in shares of Fiserv in the 4th quarter valued at approximately $29,000. Compass Financial Services Inc acquired a new stake in Fiserv in the 4th quarter worth approximately $31,000. Kennebec Savings Bank bought a new stake in Fiserv during the third quarter worth approximately $40,000. Finally, Friedenthal Financial acquired a new position in Fiserv during the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of Fiserv 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 owns 227,711 shares in the company, valued at approximately $53,637,326.05. The trade was a 16.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Fiserv stock opened at $235.67 on Friday. The business has a 50 day simple moving average of $216.68 and a 200 day simple moving average of $201.08. 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 $132.28 billion, a PE ratio of 43.72, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. Fiserv, Inc. has a one year low of $145.98 and a one year high of $237.99.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. On average, sell-side analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its Board of Directors has initiated a stock buyback 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 generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FI. Compass Point began coverage on shares of Fiserv in a research note on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price objective for the company. Royal Bank of Canada boosted 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. Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. The Goldman Sachs Group boosted their price objective on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Wells Fargo & Company raised their target price on Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $239.83.

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.