Moore Capital Management LP Reduces Stake in Fiserv, Inc. (NYSE:FI)

Moore Capital Management LP trimmed its stake in Fiserv, Inc. (NYSE:FI) by 90.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,902 shares of the business services provider’s stock after selling 27,370 shares during the quarter. Moore Capital Management LP’s holdings in Fiserv were worth $596,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Marshall Investment Management LLC purchased a new stake in shares of Fiserv during the 4th quarter valued at approximately $29,000. Valley National Advisers Inc. purchased a new stake in Fiserv in the 4th quarter worth approximately $29,000. Compass Financial Services Inc purchased a new stake in Fiserv in the 4th quarter worth approximately $31,000. Campbell Capital Management Inc. purchased a new stake in Fiserv in the 4th quarter worth approximately $37,000. Finally, Quarry LP lifted 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 in the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on FI shares. Susquehanna lowered their target price on shares of Fiserv from $250.00 to $240.00 and set a “positive” rating on the stock in a research note on Friday, April 25th. Barclays lowered 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, April 28th. KeyCorp increased their target price on shares of Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Monness Crespi & Hardt cut shares of Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 target price on the stock. in a research note on Wednesday, April 9th. Finally, Royal Bank of Canada set a $237.00 target price on shares of Fiserv in a research note on Friday, April 25th. Two equities research 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 issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $230.00.

Fiserv Price Performance

FI stock opened at $191.00 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. Fiserv, Inc. has a 52 week low of $146.25 and a 52 week high of $238.59. The firm’s fifty day moving average is $204.87 and its 200 day moving average is $210.93. The firm has a market cap of $105.90 billion, a P/E ratio of 35.44, a P/E/G ratio of 1.52 and a beta of 0.97.

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. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same quarter last year, the firm earned $1.88 EPS. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. Research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its Board of Directors has authorized a stock buyback plan on Thursday, February 20th that permits the company to buyback 60,000,000 shares. This buyback authorization permits the business services provider to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the stock in a transaction 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 completion of the sale, the chief operating officer now 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.74% of the stock is currently owned by corporate insiders.

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.