Amundi Sells 108,073 Shares of Fiserv, Inc. (NYSE:FI)

Amundi decreased its stake in shares of Fiserv, Inc. (NYSE:FI) by 3.5% during the fourth quarter, HoldingsChannel reports. The firm owned 3,015,262 shares of the business services provider’s stock after selling 108,073 shares during the quarter. Amundi’s holdings in Fiserv were worth $618,822,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of FI. Soros Capital Management LLC raised its holdings in Fiserv by 71.7% in the third quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock worth $9,844,000 after buying an additional 22,884 shares during the last quarter. Czech National Bank boosted its position in shares of Fiserv by 5.2% in the fourth quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock worth $25,339,000 after purchasing an additional 6,072 shares during the period. Chiron Investment Management LLC bought a new position in shares of Fiserv in the third quarter worth approximately $4,709,000. Trust Co. of Vermont increased its holdings in Fiserv by 170.4% in the 4th quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock valued at $1,405,000 after acquiring an additional 4,310 shares during the last quarter. Finally, Cardano Risk Management B.V. purchased a new stake in shares of Fiserv during the 4th quarter worth approximately $97,254,000. Institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Barclays raised their price objective on shares of Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Morgan Stanley lifted their price target on Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Citigroup lifted their price target on shares of Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Stephens increased their price objective on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Wells Fargo & Company increased their price target on shares of Fiserv from $240.00 to $270.00 and gave the stock 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. According to MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and an average target price of $239.83.

Fiserv Price Performance

FI opened at $218.04 on Friday. 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, Inc. has a 12-month low of $145.98 and a 12-month high of $238.59. The stock has a fifty day moving average of $218.31 and a 200-day moving average of $202.88. The firm has a market capitalization of $122.38 billion, a P/E ratio of 40.45, a PEG ratio of 1.52 and a beta of 0.93.

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, beating 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 forecast 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 plan on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, COO Guy Chiarello sold 45,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were 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 of the company’s stock, valued at $53,637,326.05. The trade was a 16.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.75% of the stock is currently owned by corporate insiders.

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.