Fiserv, Inc. (NYSE:FI) Shares Sold by Strategic Wealth Partners Ltd.

Strategic Wealth Partners Ltd. reduced its position in shares of Fiserv, Inc. (NYSE:FI) by 16.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,461 shares of the business services provider’s stock after selling 680 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Fiserv were worth $711,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in FI. Jacobi Capital Management LLC raised its position in shares of Fiserv by 0.4% during the fourth quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider’s stock worth $2,281,000 after purchasing an additional 44 shares during the period. T. Rowe Price Investment Management Inc. raised its position in Fiserv by 1.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider’s stock valued at $794,000 after buying an additional 44 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Fiserv by 1.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider’s stock valued at $841,000 after buying an additional 45 shares during the last quarter. Catalina Capital Group LLC raised its position in Fiserv by 2.3% in the 4th quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider’s stock valued at $444,000 after buying an additional 48 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC raised its position in Fiserv by 1.2% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock valued at $848,000 after buying an additional 50 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Up 4.7%

FI stock opened at $166.63 on Monday. The business’s 50 day simple moving average is $202.24 and its 200 day simple moving average is $210.41. The firm has a market capitalization of $92.38 billion, a PE ratio of 30.91, a PEG ratio of 1.52 and a beta of 0.97. Fiserv, Inc. has a 1-year low of $146.25 and a 1-year high of $238.59. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86.

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 the consensus estimate of $2.08 by $0.06. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.88 EPS. As a group, research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 20th that allows the company to buyback 60,000,000 shares. This buyback authorization allows the business services provider to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

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 transaction of $10,599,750.00. Following the completion of the sale, the chief operating officer now directly owns 227,711 shares in the company, valued at $53,637,326.05. This represents a 16.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.74% of the company’s stock.

Wall Street Analyst Weigh In

FI has been the topic of a number of recent research reports. KeyCorp lifted their target price on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Barclays dropped their target price on Fiserv from $265.00 to $230.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. Keefe, Bruyette & Woods dropped their target price on Fiserv from $260.00 to $240.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. StockNews.com assumed coverage on Fiserv in a research report on Sunday, March 23rd. They set a “buy” rating on the stock. Finally, 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, April 25th. Two 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.