Fiserv, Inc. (NYSE:FI) is NZS Capital LLC’s 4th Largest Position

NZS Capital LLC lowered its position in shares of Fiserv, Inc. (NYSE:FI) by 9.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 480,088 shares of the business services provider’s stock after selling 50,729 shares during the period. Fiserv makes up about 4.2% of NZS Capital LLC’s investment portfolio, making the stock its 4th largest position. NZS Capital LLC owned approximately 0.08% of Fiserv worth $98,620,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in FI. Valley National Advisers Inc. purchased a new position in shares of Fiserv during the 4th quarter valued at approximately $29,000. Marshall Investment Management LLC acquired a new stake in Fiserv in the fourth quarter valued at $29,000. Compass Financial Services Inc bought a new position in Fiserv during the 4th quarter valued at $31,000. Campbell Capital Management Inc. acquired a new position in Fiserv during the 4th quarter worth $37,000. Finally, Quarry LP increased its position in shares of Fiserv by 51.9% in the 4th quarter. Quarry LP now owns 205 shares of the business services provider’s stock worth $42,000 after purchasing an additional 70 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the company’s stock in a transaction dated 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 sale, the chief operating officer now directly owns 227,711 shares of the company’s stock, valued at approximately $53,637,326.05. This represents a 16.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.75% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on FI shares. Morgan Stanley reaffirmed an “overweight” rating and set a $268.00 price target (up previously from $267.00) on shares of Fiserv in a research report on Friday. StockNews.com initiated coverage on Fiserv in a report on Sunday, March 23rd. They set a “buy” rating on the stock. Monness Crespi & Hardt downgraded Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 price target for the company. in a report on Wednesday, April 9th. Wells Fargo & Company upped their price target on Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Royal Bank of Canada lifted their price objective on shares of Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $233.33.

Fiserv Price Performance

Shares of FI opened at $177.55 on Friday. Fiserv, Inc. has a one year low of $146.25 and a one year high of $238.59. The stock’s fifty day moving average is $216.08 and its 200-day moving average is $211.95. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The firm has a market capitalization of $99.17 billion, a price-to-earnings ratio of 32.94, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91.

Fiserv (NYSE:FI) last released its earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, beating the consensus estimate of $2.08 by $0.06. The firm had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.86 billion. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Equities analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its board has approved a share repurchase program on Thursday, February 20th that allows the company to repurchase 60,000,000 outstanding shares. This repurchase authorization allows the business services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are 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.