Fiserv, Inc. (NYSE:FI) is Notis McConarty Edward’s 7th Largest Position

Notis McConarty Edward lowered its stake in Fiserv, Inc. (NYSE:FI) by 7.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,758 shares of the business services provider’s stock after selling 2,944 shares during the quarter. Fiserv comprises approximately 3.8% of Notis McConarty Edward’s holdings, making the stock its 7th largest holding. Notis McConarty Edward’s holdings in Fiserv were worth $7,756,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in FI. Valley National Advisers Inc. purchased a new stake in shares of Fiserv in the fourth quarter worth about $29,000. Marshall Investment Management LLC bought a new stake in Fiserv in the 4th quarter worth approximately $29,000. Compass Financial Services Inc purchased a new stake in shares of Fiserv during the 4th quarter worth approximately $31,000. Campbell Capital Management Inc. bought a new position in shares of Fiserv during the 4th quarter valued at approximately $37,000. Finally, Knuff & Co LLC purchased a new position in shares of Fiserv in the fourth quarter valued at $45,000. Institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the business’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 completion of the transaction, the chief operating officer now directly owns 227,711 shares of the company’s stock, valued at approximately $53,637,326.05. The trade was a 16.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

FI has been the topic of a number of recent research reports. Stephens upped their price target 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. KeyCorp increased their price target on shares of Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. The Goldman Sachs Group raised Fiserv from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $246.00 to $260.00 in a research note on Wednesday. Royal Bank of Canada lifted their target price on Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Finally, Barclays increased their price target on Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, February 10th. One investment analyst has rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Fiserv presently has a consensus rating of “Buy” and an average target price of $243.64.

Fiserv Price Performance

Shares of FI stock opened at $198.77 on Friday. Fiserv, Inc. has a twelve month low of $145.98 and a twelve 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 stock has a fifty day simple moving average of $222.85 and a two-hundred day simple moving average of $209.18. The stock has a market capitalization of $111.57 billion, a price-to-earnings ratio of 36.88, a P/E/G ratio of 1.52 and a beta of 0.91.

Fiserv (NYSE:FI) last released its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping 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, analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its Board of Directors has approved a share 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 purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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.