Evergreen Wealth Solutions LLC Sells 104 Shares of Fiserv, Inc. (NYSE:FI)

Evergreen Wealth Solutions LLC lessened its holdings in Fiserv, Inc. (NYSE:FI) by 2.9% during the 4th quarter, HoldingsChannel reports. The firm owned 3,481 shares of the business services provider’s stock after selling 104 shares during the period. Evergreen Wealth Solutions LLC’s holdings in Fiserv were worth $715,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Czech National Bank increased its holdings in shares of Fiserv by 5.2% in the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock worth $25,339,000 after buying an additional 6,072 shares during the last quarter. Trust Co. of Vermont grew its position in Fiserv by 170.4% in the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock worth $1,405,000 after acquiring an additional 4,310 shares in the last quarter. Cardano Risk Management B.V. bought a new stake in Fiserv during the fourth quarter worth approximately $97,254,000. Root Financial Partners LLC purchased a new stake in Fiserv during the fourth quarter valued at approximately $257,000. Finally, World Investment Advisors LLC lifted its stake in shares of Fiserv by 1,469.7% in the 3rd quarter. World Investment Advisors LLC now owns 55,802 shares of the business services provider’s stock valued at $10,025,000 after purchasing an additional 52,247 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Activity

In related news, COO Guy Chiarello sold 45,000 shares of the company’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 directly owns 227,711 shares of the company’s stock, valued at $53,637,326.05. This represents a 16.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

FI has been the topic of several analyst reports. BMO Capital Markets cut their target price on Fiserv from $254.00 to $232.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Monness Crespi & Hardt lowered shares of Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 price objective on the stock. in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods dropped their target price on Fiserv from $260.00 to $240.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Barclays decreased their price target on Fiserv from $265.00 to $230.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Redburn Atlantic reaffirmed a “sell” rating and issued a $150.00 price objective on shares of Fiserv in a research report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $230.00.

Fiserv Trading Up 4.1 %

NYSE:FI opened at $185.28 on Wednesday. The stock has a market capitalization of $103.49 billion, a price-to-earnings ratio of 34.37, a PEG ratio of 1.52 and a beta of 0.91. Fiserv, Inc. has a 52 week low of $146.25 and a 52 week high of $238.59. 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 50 day moving average of $213.93 and a 200 day moving average of $211.84.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.06. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The firm had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $4.86 billion. During the same quarter last year, the firm earned $1.88 EPS. The business’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its Board of Directors has authorized a share repurchase plan on Thursday, February 20th that permits the company to repurchase 60,000,000 outstanding shares. This repurchase authorization permits the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

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.