Fiserv, Inc. (NYSE:FI) Shares Sold by Longview Partners Guernsey LTD

Longview Partners Guernsey LTD lowered its holdings in Fiserv, Inc. (NYSE:FI) by 10.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,670,985 shares of the business services provider’s stock after selling 416,910 shares during the quarter. Fiserv accounts for 5.6% of Longview Partners Guernsey LTD’s holdings, making the stock its 2nd biggest position. Longview Partners Guernsey LTD’s holdings in Fiserv were worth $754,094,000 as of its most recent SEC filing.

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

Insider Activity

In other 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 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 represents a 16.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Down 1.2 %

Shares of NYSE:FI opened at $210.30 on Thursday. Fiserv, Inc. has a 52-week low of $145.98 and a 52-week high of $238.59. The stock has a market cap of $117.47 billion, a P/E ratio of 39.02, a PEG ratio of 1.52 and a beta of 0.91. The business has a fifty day moving average of $220.18 and a two-hundred day moving average of $210.91. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86.

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, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. On average, research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 20th that authorizes the company to repurchase 60,000,000 outstanding shares. This repurchase authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Oppenheimer lifted their price target on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Stephens upped their target price on Fiserv from $255.00 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 price target on the stock. in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods upped their price objective on shares of Fiserv from $238.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, KeyCorp lifted their target price on shares of Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $238.48.

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.