Fiserv, Inc. (NYSE:FI) Stake Reduced by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec decreased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 58.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 228,688 shares of the business services provider’s stock after selling 318,457 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Fiserv were worth $46,977,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Valley National Advisers Inc. purchased a new position in Fiserv in the 4th quarter worth about $29,000. Marshall Investment Management LLC purchased a new position in shares of Fiserv in the fourth quarter worth approximately $29,000. Compass Financial Services Inc acquired a new stake in shares of Fiserv during the fourth quarter valued at approximately $31,000. Campbell Capital Management Inc. purchased a new stake in shares of Fiserv in the 4th quarter valued at approximately $37,000. Finally, Quarry LP boosted its stake in 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 period. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

NYSE:FI opened at $183.12 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. Fiserv, Inc. has a one year low of $146.25 and a one year high of $238.59. The company has a fifty day moving average price of $212.00 and a 200 day moving average price of $211.59. The stock has a market cap of $102.29 billion, a P/E ratio of 33.97, a PEG ratio of 1.52 and a beta of 0.91.

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

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

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 227,711 shares in the company, valued at approximately $53,637,326.05. This represents a 16.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on FI shares. Barclays cut their target price on shares of Fiserv from $265.00 to $230.00 and set an “overweight” rating on the stock in a research note on Monday. Redburn Atlantic restated a “sell” rating and set a $150.00 price objective on shares of Fiserv in a research report on Thursday, April 17th. Piper Sandler set a $218.00 target price on Fiserv in a report on Friday, April 25th. BMO Capital Markets decreased their price target on shares of Fiserv from $254.00 to $232.00 and set an “outperform” rating for the company in a report on Friday, April 25th. Finally, The Goldman Sachs Group raised shares of Fiserv from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $246.00 to $260.00 in a research report on Wednesday, April 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $230.00.

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.