Fiserv, Inc. (NYSE:FI) Stock Holdings Cut by Peoples Bank OH

Peoples Bank OH reduced its position in shares of Fiserv, Inc. (NYSE:FI) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,770 shares of the business services provider’s stock after selling 380 shares during the quarter. Fiserv comprises 0.8% of Peoples Bank OH’s portfolio, making the stock its 29th largest holding. Peoples Bank OH’s holdings in Fiserv were worth $1,391,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. acquired a new stake in shares of Fiserv during the 4th quarter valued at $29,000. Compass Financial Services Inc acquired a new stake in shares of Fiserv during the 4th quarter valued at $31,000. Kennebec Savings Bank acquired a new stake in shares of Fiserv during the 3rd quarter valued at $40,000. Friedenthal Financial acquired a new stake in shares of Fiserv during the 4th quarter valued at $49,000. Finally, Eastern Bank acquired a new stake in shares of Fiserv during the 3rd quarter valued at $50,000. 90.98% of the stock is owned by institutional investors.

Fiserv Price Performance

FI opened at $234.63 on Friday. The stock has a market cap of $133.48 billion, a price-to-earnings ratio of 43.53, a PEG ratio of 1.53 and a beta of 0.94. Fiserv, Inc. has a 1 year low of $145.98 and a 1 year high of $238.00. 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 moving average price of $213.26 and a 200 day moving average price of $197.74.

Fiserv (NYSE:FI) last posted its earnings results 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 return on equity of 17.93% and a net margin of 15.31%. Analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its board has approved a share repurchase program on Thursday, February 20th that allows the company to repurchase 60,000,000 outstanding shares. This repurchase authorization allows 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.

Wall Street Analyst Weigh In

FI has been the subject of a number of recent research reports. Tigress Financial increased their price objective on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Oppenheimer increased their price objective on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Susquehanna increased their target price on Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a report on Monday, February 10th. BMO Capital Markets increased their target price on Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods increased their target price on Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Fiserv presently has a consensus rating of “Buy” and an average target price of $239.83.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 227,711 shares in the company, valued at $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 is available at the SEC website. Corporate insiders own 0.75% of the company’s stock.

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.