Fiserv, Inc. (NYSE:FI) Holdings Lowered by Aviso Financial Inc.

Aviso Financial Inc. cut its stake in Fiserv, Inc. (NYSE:FI) by 17.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,891 shares of the business services provider’s stock after selling 2,674 shares during the period. Aviso Financial Inc.’s holdings in Fiserv were worth $2,648,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Valley National Advisers Inc. bought a new position in Fiserv during the 4th quarter valued at $29,000. Marshall Investment Management LLC acquired a new stake in shares of Fiserv in the fourth quarter valued at $29,000. Compass Financial Services Inc bought a new position in Fiserv during the fourth quarter valued at about $31,000. Knuff & Co LLC acquired a new position in Fiserv during the fourth quarter worth about $45,000. Finally, Friedenthal Financial bought a new stake in Fiserv in the fourth quarter worth about $49,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Down 1.0 %

FI opened at $209.23 on Friday. The company has a market capitalization of $117.44 billion, a P/E ratio of 38.82, a P/E/G ratio of 1.52 and a beta of 0.93. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The firm’s fifty day moving average price is $218.83 and its two-hundred day moving average price is $204.09. Fiserv, Inc. has a fifty-two week low of $145.98 and a fifty-two week high of $238.59.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. On average, analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its Board of Directors has approved a stock repurchase program on Thursday, February 20th that allows the company to buyback 60,000,000 shares. This buyback authorization allows the business services provider to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity

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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Citigroup boosted their target price on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods raised their price objective on shares of Fiserv from $238.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Wells Fargo & Company lifted their target price on Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, Barclays raised their price target on shares of Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $239.83.

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.