UNIVEST FINANCIAL Corp Sells 149 Shares of Fiserv, Inc. (NYSE:FI)

UNIVEST FINANCIAL Corp reduced its position in Fiserv, Inc. (NYSE:FI) by 11.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,099 shares of the business services provider’s stock after selling 149 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Fiserv were worth $226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of FI. Marshall Investment Management LLC purchased a new stake in Fiserv in the 4th quarter worth $29,000. Valley National Advisers Inc. bought a new position in shares of Fiserv in the fourth quarter worth about $29,000. Compass Financial Services Inc purchased a new stake in shares of Fiserv during the fourth quarter worth about $31,000. Campbell Capital Management Inc. bought a new stake in Fiserv during the 4th quarter valued at approximately $37,000. Finally, Knuff & Co LLC purchased a new position in Fiserv in the 4th quarter worth approximately $45,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Price Performance

Fiserv stock opened at $219.32 on Friday. Fiserv, Inc. has a 12-month low of $145.98 and a 12-month 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. The firm has a 50-day moving average price of $221.85 and a 200-day moving average price of $207.36. The firm has a market capitalization of $123.10 billion, a PE ratio of 40.69, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. As a group, equities research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv declared that its Board of Directors has approved a share buyback program on Thursday, February 20th that authorizes the company to buyback 60,000,000 outstanding shares. This buyback authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 45,000 shares of the firm’s 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 transaction, the chief operating officer now owns 227,711 shares of the company’s stock, valued at $53,637,326.05. This trade represents a 16.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.75% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FI. Oppenheimer increased their price objective on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. KeyCorp raised their target price on shares of Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Wells Fargo & Company boosted their price target on shares of Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Citigroup raised their price objective on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Finally, BMO Capital Markets boosted their target price on Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $242.32.

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.