Fiserv, Inc. (NYSE:FI) Shares Sold by Haverford Trust Co

Haverford Trust Co trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI) by 3.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,556 shares of the business services provider’s stock after selling 282 shares during the period. Haverford Trust Co’s holdings in Fiserv were worth $1,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in FI. Soros Capital Management LLC boosted its position in shares of Fiserv by 71.7% in the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock valued at $9,844,000 after purchasing an additional 22,884 shares during the period. Czech National Bank grew its position in shares of Fiserv by 5.2% during the fourth quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock worth $25,339,000 after acquiring an additional 6,072 shares during the last quarter. Chiron Investment Management LLC acquired a new position in shares of Fiserv in the 3rd quarter valued at $4,709,000. Trust Co. of Vermont raised its position 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 purchasing an additional 4,310 shares during the last quarter. Finally, Cardano Risk Management B.V. acquired a new stake in Fiserv during the 4th quarter worth $97,254,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the 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 transaction, the chief operating officer now owns 227,711 shares of the company’s stock, valued at $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on FI. Morgan Stanley lifted their price objective on shares of Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Susquehanna lifted their price objective on shares of Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a research report on Monday, February 10th. BMO Capital Markets raised their target price on shares of Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. The Goldman Sachs Group increased their price target on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Finally, StockNews.com cut Fiserv from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $239.83.

Fiserv Trading Up 1.7 %

Shares of Fiserv stock opened at $221.90 on Tuesday. Fiserv, Inc. has a fifty-two week low of $145.98 and a fifty-two week high of $238.59. The business’s fifty day moving average is $220.87 and its two-hundred day moving average is $206.81. 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 cap of $124.55 billion, a PE ratio of 41.17, a P/E/G ratio of 1.52 and a beta of 0.93.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping 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%. Analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv declared that its Board of Directors has authorized a stock repurchase program on Thursday, February 20th that permits the company to repurchase 60,000,000 outstanding shares. This repurchase authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

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.