Passumpsic Savings Bank Sells 366 Shares of Fiserv, Inc. (NYSE:FI)

Passumpsic Savings Bank lessened its stake in shares of Fiserv, Inc. (NYSE:FI) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,328 shares of the business services provider’s stock after selling 366 shares during the period. Fiserv accounts for approximately 1.7% of Passumpsic Savings Bank’s holdings, making the stock its 26th biggest position. Passumpsic Savings Bank’s holdings in Fiserv were worth $2,738,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Valley National Advisers Inc. bought a new position in shares of Fiserv in the 4th quarter valued at about $29,000. Compass Financial Services Inc bought a new position in shares of Fiserv in the 4th quarter valued at about $31,000. Kennebec Savings Bank bought a new position in shares of Fiserv in the 3rd quarter valued at about $40,000. Friedenthal Financial bought a new position in shares of Fiserv in the 4th quarter valued at about $49,000. Finally, Eastern Bank bought a new position in shares of Fiserv in the 3rd quarter valued at about $50,000. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction on Thursday, February 20th. The shares were 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 directly owns 227,711 shares in the company, valued at approximately $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.75% of the stock is owned by insiders.

Fiserv Price Performance

NYSE FI opened at $232.47 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The firm’s 50 day moving average price is $213.81 and its 200-day moving average price is $198.28. Fiserv, Inc. has a 52-week low of $145.98 and a 52-week high of $237.99. The company has a market cap of $132.26 billion, a PE ratio of 43.13, a P/E/G ratio of 1.53 and a beta of 0.94.

Fiserv (NYSE:FI) last announced 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 net margin of 15.31% and a return on equity of 17.93%. Sell-side analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its board has approved a stock buyback program on Thursday, February 20th that authorizes the company to buyback 60,000,000 shares. This buyback authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

FI has been the topic of a number of recent analyst reports. Tigress Financial increased their price objective on shares of Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Oppenheimer increased their price objective on shares of Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Susquehanna increased their price objective on shares of Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a research report on Monday, February 10th. Finally, Compass Point initiated coverage on shares of Fiserv in a research report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price objective on the stock. Two analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $239.83.

Fiserv 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.