Fiserv, Inc. (NYSE:FI) Shares Sold by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC decreased its holdings in Fiserv, Inc. (NYSE:FI) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,525 shares of the business services provider’s stock after selling 447 shares during the period. Snowden Capital Advisors LLC’s holdings in Fiserv were worth $6,887,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Marshall Investment Management LLC acquired a new stake in Fiserv in the fourth quarter valued at $29,000. Valley National Advisers Inc. acquired a new stake in shares of Fiserv during the 4th quarter worth about $29,000. Compass Financial Services Inc acquired a new position in Fiserv in the fourth quarter valued at approximately $31,000. Campbell Capital Management Inc. purchased a new position in Fiserv in the fourth quarter valued at approximately $37,000. Finally, Quarry LP raised its holdings in Fiserv by 51.9% during the fourth 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 institutional investors and hedge funds.

Insider Activity at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.74% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FI. Barclays dropped their price objective on Fiserv from $265.00 to $230.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Stephens upped their price objective on Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Keefe, Bruyette & Woods reduced their target price on Fiserv from $260.00 to $240.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. UBS Group lowered their price target on Fiserv from $265.00 to $255.00 and set a “buy” rating for the company in a report on Friday, April 25th. Finally, Monness Crespi & Hardt cut Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 target price for the company. in a report on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $230.00.

Fiserv Stock Performance

Shares of FI opened at $158.95 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 stock has a 50-day moving average of $203.19 and a 200-day moving average of $210.49. The company has a market cap of $88.13 billion, a PE ratio of 29.49, a P/E/G ratio of 1.52 and a beta of 0.97.

Fiserv (NYSE:FI) last released its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating 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 business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter in the previous year, the business earned $1.88 EPS. The company’s quarterly revenue was up 5.1% on a year-over-year basis. On average, equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its board has authorized a share buyback program on Thursday, February 20th that permits the company to repurchase 60,000,000 shares. This repurchase authorization permits the business services provider to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is 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.