Fiserv, Inc. (NYSE:FI) Shares Sold by VisionPoint Advisory Group LLC

VisionPoint Advisory Group LLC reduced its position in Fiserv, Inc. (NYSE:FI) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,754 shares of the business services provider’s stock after selling 585 shares during the quarter. Fiserv makes up approximately 1.5% of VisionPoint Advisory Group LLC’s portfolio, making the stock its 12th biggest position. VisionPoint Advisory Group LLC’s holdings in Fiserv were worth $4,481,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Valley National Advisers Inc. acquired a new position in shares of Fiserv in the fourth quarter valued at approximately $29,000. Compass Financial Services Inc acquired a new position in shares of Fiserv in the fourth quarter worth $31,000. Kennebec Savings Bank acquired a new position in shares of Fiserv in the third quarter worth $40,000. Friedenthal Financial purchased a new stake in shares of Fiserv during the fourth quarter worth $49,000. Finally, Eastern Bank acquired a new stake in shares of Fiserv in the third quarter valued at $50,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Trading Down 0.7 %

Shares of Fiserv stock opened at $234.63 on Friday. The company’s fifty day moving average is $213.26 and its two-hundred day moving average is $197.74. Fiserv, Inc. has a 1 year low of $145.98 and a 1 year high of $238.00. 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 company has a market capitalization of $133.48 billion, a P/E ratio of 43.53, a PEG ratio of 1.53 and a beta of 0.94.

Fiserv (NYSE:FI) last issued its quarterly 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%. Analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its Board of Directors has authorized a share buyback plan on Thursday, February 20th that allows the company to repurchase 60,000,000 outstanding shares. This repurchase authorization allows the business services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Insider Activity

In other news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $235.55, for a total value of $10,599,750.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on FI shares. Compass Point initiated coverage on Fiserv in a report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price target on the stock. Citigroup upped their target price on shares of Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. BMO Capital Markets lifted their price target on shares of Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Barclays increased their price objective on shares of Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Finally, Mizuho raised their price objective on shares of Fiserv from $183.00 to $222.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “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.