Fiserv, Inc. (NYSE:FI) Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC lessened its holdings in shares of Fiserv, Inc. (NYSE:FI) by 70.2% during the 4th quarter, Holdings Channel reports. The firm owned 11,288 shares of the business services provider’s stock after selling 26,535 shares during the period. Wealthfront Advisers LLC’s holdings in Fiserv were worth $2,319,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Soros Capital Management LLC lifted its position in shares of Fiserv by 71.7% during the third quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock worth $9,844,000 after purchasing an additional 22,884 shares in the last quarter. Czech National Bank lifted its position in shares of Fiserv by 5.2% during the fourth quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock worth $25,339,000 after purchasing an additional 6,072 shares in the last quarter. Chiron Investment Management LLC acquired a new stake in shares of Fiserv during the third quarter worth about $4,709,000. Trust Co. of Vermont lifted its position in shares of Fiserv by 170.4% during the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock worth $1,405,000 after purchasing an additional 4,310 shares in the last quarter. Finally, Cardano Risk Management B.V. acquired a new stake in Fiserv in the fourth quarter valued at approximately $97,254,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 45,000 shares of the stock in a transaction 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

Shares of FI opened at $214.91 on Friday. 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 firm has a market cap of $120.62 billion, a PE ratio of 39.87, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. The company’s 50 day simple moving average is $218.96 and its 200-day simple moving average is $204.40. Fiserv, Inc. has a 12-month low of $145.98 and a 12-month high of $238.59.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping 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%. As a group, equities analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its board has approved a share repurchase plan on Thursday, February 20th that allows the company to repurchase 60,000,000 shares. This repurchase authorization allows the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Several analysts recently weighed in on FI shares. Morgan Stanley raised their target price on shares of Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Keefe, Bruyette & Woods raised their target price on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Barclays raised their target price on shares of Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, February 10th. BMO Capital Markets raised their target price on shares of Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Finally, StockNews.com cut shares of Fiserv from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and a consensus 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.