Nitorum Capital L.P. Has $45.03 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Nitorum Capital L.P. trimmed its position in shares of Fiserv, Inc. (NYSE:FI) by 27.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 219,193 shares of the business services provider’s stock after selling 84,039 shares during the quarter. Fiserv accounts for approximately 5.2% of Nitorum Capital L.P.’s holdings, making the stock its 6th largest position. Nitorum Capital L.P.’s holdings in Fiserv were worth $45,027,000 at the end of the most recent reporting period.

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

Fiserv Stock Up 0.4 %

Shares of NYSE:FI opened at $177.55 on Friday. The company has a 50-day moving average price of $216.08 and a 200 day moving average price of $211.78. 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, Inc. has a 12 month low of $146.25 and a 12 month high of $238.59. The company has a market cap of $99.17 billion, a price-to-earnings ratio of 32.94, a PEG ratio of 1.52 and a beta of 0.91.

Fiserv (NYSE:FI) last announced its earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping 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 firm had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $4.86 billion. As a group, equities research analysts predict 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 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 reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FI. The Goldman Sachs Group upgraded Fiserv from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $246.00 to $260.00 in a research note on Wednesday, April 2nd. Stephens lifted their target price on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Monness Crespi & Hardt downgraded shares of 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. UBS Group decreased their price target on Fiserv from $265.00 to $255.00 and set a “buy” rating on the stock in a report on Friday. Finally, Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and a consensus price target of $233.33.

Insiders Place Their Bets

In other 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 completion of the sale, the chief operating officer now owns 227,711 shares in the company, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.75% of the stock is owned by insiders.

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.