Fiserv, Inc. (NYSE:FI) Shares Sold by C WorldWide Group Holding A S

C WorldWide Group Holding A S lowered its position in shares of Fiserv, Inc. (NYSE:FI) by 8.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,778,860 shares of the business services provider’s stock after selling 160,810 shares during the quarter. Fiserv makes up approximately 4.5% of C WorldWide Group Holding A S’s holdings, making the stock its 9th biggest holding. C WorldWide Group Holding A S owned approximately 0.31% of Fiserv worth $365,413,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Valley National Advisers Inc. acquired a new stake in Fiserv in the 4th quarter valued at about $29,000. Marshall Investment Management LLC bought a new position in shares of Fiserv in the 4th quarter valued at about $29,000. Compass Financial Services Inc bought a new position in shares of Fiserv in the 4th quarter valued at about $31,000. Kennebec Savings Bank bought a new position in shares of Fiserv in the 3rd quarter valued at about $40,000. Finally, Friedenthal Financial bought a new position in shares of Fiserv in the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the completion of the transaction, the chief operating officer now owns 227,711 shares of the company’s stock, valued at approximately $53,637,326.05. The trade was 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 the SEC website. Insiders own 0.75% of the company’s stock.

Fiserv Stock Down 0.8 %

FI stock opened at $232.47 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $132.26 billion, a PE ratio of 43.13, a PEG ratio of 1.52 and a beta of 0.94. Fiserv, Inc. has a twelve month low of $145.98 and a twelve month high of $237.99. The stock has a 50-day simple moving average of $213.81 and a two-hundred day simple moving average of $198.86.

Fiserv (NYSE:FI) last posted its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share 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, equities analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its Board of Directors has approved a stock buyback program on Thursday, February 20th that allows the company to buyback 60,000,000 shares. This buyback authorization allows the business services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Oppenheimer raised their target price on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Citigroup raised their target price on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Susquehanna raised their target price on shares of Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a research note on Monday, February 10th. Stephens raised their target price on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, Wells Fargo & Company lifted their price objective on shares of Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Fiserv currently has an average rating of “Buy” and a consensus price target of $239.83.

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.