LGT Group Foundation Sells 7,193 Shares of Fiserv, Inc. (NYSE:FI)

LGT Group Foundation lowered its stake in Fiserv, Inc. (NYSE:FI) by 66.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,579 shares of the business services provider’s stock after selling 7,193 shares during the quarter. LGT Group Foundation’s holdings in Fiserv were worth $735,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in shares of Fiserv by 4.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,782 shares of the business services provider’s stock valued at $1,398,000 after acquiring an additional 326 shares during the last quarter. Conning Inc. boosted its position in shares of Fiserv by 6.6% during the 3rd quarter. Conning Inc. now owns 4,463 shares of the business services provider’s stock valued at $802,000 after acquiring an additional 276 shares during the last quarter. Vestor Capital LLC boosted its position in shares of Fiserv by 1.6% during the 3rd quarter. Vestor Capital LLC now owns 103,774 shares of the business services provider’s stock valued at $18,643,000 after acquiring an additional 1,619 shares during the last quarter. Wetzel Investment Advisors Inc. boosted its position in shares of Fiserv by 16.0% during the 3rd quarter. Wetzel Investment Advisors Inc. now owns 1,405 shares of the business services provider’s stock valued at $252,000 after acquiring an additional 194 shares during the last quarter. Finally, National Pension Service boosted its position in shares of Fiserv by 9.2% during the 3rd quarter. National Pension Service now owns 1,112,168 shares of the business services provider’s stock valued at $199,801,000 after acquiring an additional 93,508 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

FI opened at $237.65 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. Fiserv, Inc. has a 52-week low of $145.98 and a 52-week high of $238.59. The stock has a market capitalization of $133.39 billion, a PE ratio of 44.09, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. The stock’s 50 day moving average price is $217.30 and its 200-day moving average price is $201.84.

Fiserv (NYSE:FI) last posted its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) 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%. On average, equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its board has authorized a stock buyback plan on Thursday, February 20th that permits the company to buyback 60,000,000 outstanding shares. This buyback authorization permits the business services provider to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In related news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 227,711 shares in the company, valued at $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Keefe, Bruyette & Woods boosted their target price on Fiserv from $238.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Wells Fargo & Company boosted their target price on Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Citigroup boosted their target price on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, Compass Point assumed coverage on Fiserv in a research report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price for the company. Three equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and an average price target 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.