Fiserv, Inc. (NYSE:FI) Holdings Decreased by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. decreased its holdings in shares of Fiserv, Inc. (NYSE:FI) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 203,658 shares of the business services provider’s stock after selling 3,985 shares during the quarter. Fiserv accounts for approximately 1.1% of Northwest & Ethical Investments L.P.’s holdings, making the stock its 10th biggest position. Northwest & Ethical Investments L.P.’s holdings in Fiserv were worth $41,835,000 at the end of the most recent quarter.

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

Fiserv Stock Performance

NYSE FI opened at $220.87 on Thursday. The firm has a market capitalization of $123.97 billion, a P/E ratio of 40.98, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. The firm’s fifty day moving average price is $219.78 and its two-hundred day moving average price is $205.59. Fiserv, Inc. has a 1 year low of $145.98 and a 1 year 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.

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

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on FI shares. Compass Point started coverage on shares of Fiserv in a research note on Wednesday, November 20th. They set a “buy” rating and a $278.00 target price for the company. Oppenheimer upped their target price on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Keefe, Bruyette & Woods upped their target price on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. The Goldman Sachs Group upped their target price on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Finally, Morgan Stanley upped their target price on shares of Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $239.83.

Insider Activity at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the completion of the sale, the chief operating officer now owns 227,711 shares of the company’s stock, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.75% of the stock is currently owned by corporate 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.