Wealthspire Advisors LLC Sells 796 Shares of Fiserv, Inc. (NYSE:FI)

Wealthspire Advisors LLC reduced its position in shares of Fiserv, Inc. (NYSE:FI) by 5.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,721 shares of the business services provider’s stock after selling 796 shares during the period. Wealthspire Advisors LLC’s holdings in Fiserv were worth $2,613,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Soros Capital Management LLC lifted its holdings in Fiserv by 71.7% during the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock valued at $9,844,000 after purchasing an additional 22,884 shares during the last quarter. Czech National Bank lifted its holdings in Fiserv by 5.2% during the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock valued at $25,339,000 after purchasing an additional 6,072 shares during the last quarter. Chiron Investment Management LLC bought a new position in Fiserv during the 3rd quarter valued at about $4,709,000. Trust Co. of Vermont lifted its holdings in Fiserv by 170.4% during the 4th quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock valued at $1,405,000 after purchasing an additional 4,310 shares during the last quarter. Finally, Cardano Risk Management B.V. bought a new position in Fiserv during the 4th quarter valued at about $97,254,000. 90.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on FI shares. Morgan Stanley boosted their target price on shares of Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Tigress Financial boosted their target price on shares of Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Susquehanna boosted their target price on shares of Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a research note on Monday, February 10th. KeyCorp boosted their target price on shares of Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group boosted their target price on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Fiserv presently has an average rating of “Buy” and an average target price of $239.83.

Insider Activity

In other news, COO Guy Chiarello sold 45,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer now owns 227,711 shares in the company, valued at $53,637,326.05. This represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Down 0.8 %

Shares of NYSE FI opened at $232.47 on Monday. The stock has a market cap of $132.26 billion, a P/E ratio of 43.13, a P/E/G ratio of 1.52 and a beta of 0.94. The firm has a 50 day moving average price of $213.81 and a 200 day moving average price of $198.86. 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 $237.99.

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

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

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.