SRS Capital Advisors Inc. Has $1.60 Million Position in Fiserv, Inc. (NYSE:FI)

SRS Capital Advisors Inc. cut its holdings in Fiserv, Inc. (NYSE:FI) by 6.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,773 shares of the business services provider’s stock after selling 497 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Fiserv were worth $1,597,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Sanders Capital LLC acquired a new position in shares of Fiserv during the third quarter worth about $764,543,000. FMR LLC boosted its position in Fiserv by 17.8% during the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after acquiring an additional 1,427,664 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its position in Fiserv by 788.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock worth $109,700,000 after acquiring an additional 561,377 shares during the last quarter. Mizuho Securities USA LLC grew its stake in shares of Fiserv by 1,238.6% during the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock worth $108,488,000 after acquiring an additional 558,774 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its holdings in shares of Fiserv by 30,479.9% in the fourth quarter. Proficio Capital Partners LLC now owns 484,997 shares of the business services provider’s stock valued at $99,628,000 after purchasing an additional 483,411 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Performance

Shares of NYSE:FI opened at $235.67 on Friday. Fiserv, Inc. has a 12-month low of $145.98 and a 12-month high of $237.99. The company’s 50 day moving average price is $216.68 and its two-hundred day moving average price is $201.08. The firm has a market cap of $132.28 billion, a PE ratio of 43.72, a PEG ratio of 1.52 and a beta of 0.94. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv declared that its board has initiated a share 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 reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on FI shares. Barclays raised their target price on shares of Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. StockNews.com downgraded Fiserv from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Oppenheimer raised their price target on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Compass Point began coverage on Fiserv in a research note on Wednesday, November 20th. They set a “buy” rating and a $278.00 price objective on the stock. Finally, BMO Capital Markets increased their price objective on Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $239.83.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were 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 directly owns 227,711 shares in the company, valued at $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 is available at this link. 0.75% of the stock is owned by insiders.

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.