Larson Financial Group LLC Has $218,000 Stake in Fiserv, Inc. (NYSE:FI)

Larson Financial Group LLC reduced its holdings in Fiserv, Inc. (NYSE:FI) by 42.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,063 shares of the business services provider’s stock after selling 773 shares during the quarter. Larson Financial Group LLC’s holdings in Fiserv were worth $218,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its position in shares of Fiserv by 2.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 149,671 shares of the business services provider’s stock valued at $30,745,000 after purchasing an additional 3,946 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Fiserv by 6.2% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,068,916 shares of the business services provider’s stock valued at $234,871,000 after purchasing an additional 62,044 shares during the last quarter. Machina Capital S.A.S. acquired a new stake in shares of Fiserv in the fourth quarter valued at about $1,256,000. Mesirow Financial Investment Management Inc. grew its position in shares of Fiserv by 8.7% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 2,928 shares of the business services provider’s stock valued at $601,000 after purchasing an additional 235 shares during the last quarter. Finally, Andra AP fonden grew its position in shares of Fiserv by 536.4% in the fourth quarter. Andra AP fonden now owns 61,695 shares of the business services provider’s stock valued at $12,673,000 after purchasing an additional 52,000 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Stock Performance

NYSE:FI opened at $213.91 on Wednesday. Fiserv, Inc. has a 1 year low of $145.98 and a 1 year high of $238.59. The firm has a 50 day moving average of $218.65 and a 200-day moving average of $204.00. 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 market capitalization of $120.06 billion, a P/E ratio of 39.69, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93.

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 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 anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its board has approved a share repurchase program on Thursday, February 20th that allows the company to buyback 60,000,000 shares. This buyback authorization allows 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 board believes its shares are undervalued.

Insider Activity

In other Fiserv 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 owns 227,711 shares of the company’s stock, valued at approximately $53,637,326.05. The trade was a 16.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.75% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

FI has been the topic of several research analyst reports. Stephens raised their price target on Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Citigroup increased their target price on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. BMO Capital Markets increased their target price on shares of Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Wells Fargo & Company increased their target price on shares of Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, Compass Point began coverage on shares of Fiserv in a research note on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price for the company. Three research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $239.83.

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.