Fiserv, Inc. (NYSE:FI) Shares Sold by Korea Investment CORP

Korea Investment CORP decreased its position in Fiserv, Inc. (NYSE:FI) by 12.2% during the 4th quarter, Holdings Channel reports. The fund owned 496,594 shares of the business services provider’s stock after selling 69,278 shares during the quarter. Korea Investment CORP’s holdings in Fiserv were worth $102,010,000 as of its most recent SEC filing.

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

Insider Activity

In related news, COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction that occurred 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 $53,637,326.05. This trade represents a 16.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.75% of the company’s stock.

Fiserv Trading Down 0.4 %

Shares of FI stock opened at $221.75 on Thursday. The business’s fifty day moving average price is $221.58 and its 200 day moving average price is $207.28. The firm has a market capitalization of $124.47 billion, a PE ratio of 41.14, a P/E/G ratio of 1.52 and a beta of 0.93. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. Fiserv, Inc. has a 1-year low of $145.98 and a 1-year high of $238.59.

Fiserv (NYSE:FI) last posted its quarterly earnings results 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%. As a group, sell-side analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its board has initiated a stock repurchase program on Thursday, February 20th that permits the company to buyback 60,000,000 shares. This buyback authorization permits the business services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

FI has been the subject of several research analyst reports. Stephens upped their target price on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Oppenheimer lifted their target price on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Keefe, Bruyette & Woods upped their target price on Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Morgan Stanley lifted their price target on Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Citigroup increased their price objective on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $242.32.

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.