Fiserv, Inc. (NYSE:FI) Shares Sold by Keeler Thomas Management LLC

Keeler Thomas Management LLC decreased its position in Fiserv, Inc. (NYSE:FI) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,616 shares of the business services provider’s stock after selling 1,056 shares during the period. Fiserv comprises 1.8% of Keeler Thomas Management LLC’s portfolio, making the stock its 24th largest holding. Keeler Thomas Management LLC’s holdings in Fiserv were worth $5,057,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Marshall Investment Management LLC acquired a new position in Fiserv during the 4th quarter worth approximately $29,000. Valley National Advisers Inc. purchased a new stake in shares of Fiserv in the fourth quarter valued at approximately $29,000. Compass Financial Services Inc acquired a new position in Fiserv during the fourth quarter worth $31,000. Kennebec Savings Bank purchased a new position in Fiserv in the third quarter worth $40,000. Finally, Roxbury Financial LLC purchased a new position in Fiserv in the fourth quarter worth $50,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on FI shares. Royal Bank of Canada upped their price target on shares of Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. BMO Capital Markets upped their target price on shares of Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. KeyCorp lifted their price target on shares of Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Compass Point initiated coverage on Fiserv in a report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price target on the stock. Finally, Susquehanna raised their price objective on Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $239.83.

Fiserv Stock Performance

Fiserv stock opened at $231.83 on Tuesday. The stock has a fifty day moving average price of $214.38 and a 200 day moving average price of $199.36. Fiserv, Inc. has a 52 week low of $145.98 and a 52 week high of $237.99. The firm has a market capitalization of $130.12 billion, a P/E ratio of 43.01, a PEG ratio of 1.52 and a beta of 0.94. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating analysts’ consensus estimates 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 anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current 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 outstanding shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction dated 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 $53,637,326.05. This trade represents a 16.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.75% of the stock is currently owned by insiders.

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.