Whittier Trust Co. of Nevada Inc. Has $567,000 Stake in Fiserv, Inc. (NYSE:FI)

Whittier Trust Co. of Nevada Inc. lowered its position in Fiserv, Inc. (NYSE:FI) by 2.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,762 shares of the business services provider’s stock after selling 80 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Fiserv were worth $567,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Valley National Advisers Inc. acquired a new stake in Fiserv in the 4th quarter valued at about $29,000. Marshall Investment Management LLC acquired a new stake in shares of Fiserv in the fourth quarter valued at approximately $29,000. Compass Financial Services Inc acquired a new stake in shares of Fiserv in the fourth quarter valued at approximately $31,000. Campbell Capital Management Inc. acquired a new position in Fiserv during the 4th quarter worth $37,000. Finally, Knuff & Co LLC acquired a new position in Fiserv during the 4th quarter worth $45,000. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Down 1.7 %

NYSE:FI opened at $218.01 on Friday. The stock has a 50-day simple moving average of $220.46 and a 200 day simple moving average of $206.23. Fiserv, Inc. has a 52-week low of $145.98 and a 52-week high of $238.59. The company has a market cap of $122.37 billion, a PE ratio of 40.45, a PEG ratio of 1.52 and a beta of 0.93. 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 (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 net margin of 15.31% and a return on equity of 17.93%. On average, sell-side analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its Board of Directors has authorized a share buyback program on Thursday, February 20th that permits the company to buyback 60,000,000 outstanding shares. This buyback authorization permits the business services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the business’s 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 transaction, the chief operating officer now owns 227,711 shares of the company’s stock, valued at $53,637,326.05. The trade was a 16.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have 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. StockNews.com cut Fiserv from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Seaport Res Ptn upgraded 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 company an “outperform” rating in a report on Thursday, December 19th. Finally, The Goldman Sachs Group lifted their target price on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Three investment 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 a consensus rating of “Moderate Buy” and an average target price 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.