Fiserv, Inc. (NYSE:FI) Shares Sold by Sunriver Management LLC

Sunriver Management LLC reduced its position in Fiserv, Inc. (NYSE:FI) by 34.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 129,691 shares of the business services provider’s stock after selling 68,753 shares during the quarter. Fiserv comprises about 3.2% of Sunriver Management LLC’s holdings, making the stock its 18th largest position. Sunriver Management LLC’s holdings in Fiserv were worth $26,641,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Valley National Advisers Inc. purchased a new position in Fiserv in the fourth quarter worth $29,000. Marshall Investment Management LLC purchased a new position in shares of Fiserv in the 4th quarter valued at about $29,000. Compass Financial Services Inc acquired a new stake in shares of Fiserv in the fourth quarter valued at about $31,000. Campbell Capital Management Inc. purchased a new stake in Fiserv during the fourth quarter worth about $37,000. Finally, Knuff & Co LLC acquired a new position in Fiserv during the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 1.8 %

FI stock opened at $207.98 on Monday. Fiserv, Inc. has a 52 week low of $145.98 and a 52 week high of $238.59. The company has a market cap of $116.17 billion, a price-to-earnings ratio of 38.59, a PEG ratio of 1.52 and a beta of 0.91. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The business has a fifty day simple moving average of $221.27 and a 200-day simple moving average of $210.67.

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

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

Insiders Place Their Bets

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 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.75% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

FI has been the topic of several research analyst reports. Barclays boosted their price target on Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Morgan Stanley upped their target price on Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. BMO Capital Markets lifted their price target on Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. StockNews.com started coverage on shares of Fiserv in a report on Sunday, March 23rd. They set a “buy” rating for the company. Finally, Keefe, Bruyette & Woods upped their price target on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and an average price target of $239.35.

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.