Fiserv, Inc. (NYSE:FI) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. reduced its position in Fiserv, Inc. (NYSE:FI) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 359,458 shares of the business services provider’s stock after selling 6,607 shares during the quarter. Prudential Financial Inc. owned about 0.06% of Fiserv worth $73,840,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Valley National Advisers Inc. purchased a new position in Fiserv during the 4th quarter worth $29,000. Marshall Investment Management LLC acquired a new position in Fiserv in the 4th quarter valued at about $29,000. Compass Financial Services Inc purchased a new stake in Fiserv during the 4th quarter valued at approximately $31,000. Campbell Capital Management Inc. acquired a new stake in Fiserv during the 4th quarter worth approximately $37,000. Finally, Knuff & Co LLC purchased a new position in shares of Fiserv in the 4th quarter valued at approximately $45,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the business’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. The trade was a 16.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.75% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on FI shares. Barclays upped their price target on Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Wells Fargo & Company lifted their target price on shares of Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. KeyCorp increased their price target on shares of Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Stephens lifted their price objective on Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Fiserv has an average rating of “Moderate Buy” and a consensus price target of $239.83.

Fiserv Stock Up 1.7 %

FI stock opened at $221.90 on Tuesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. Fiserv, Inc. has a 12 month low of $145.98 and a 12 month high of $238.59. The firm has a market capitalization of $124.55 billion, a PE ratio of 41.17, a P/E/G ratio of 1.52 and a beta of 0.93. The company’s 50 day simple moving average is $220.87 and its 200-day simple moving average is $206.81.

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%. Equities analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its board has approved a stock buyback plan on Thursday, February 20th that allows the company to repurchase 60,000,000 shares. This repurchase authorization allows the business services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

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.