National Pension Service Has $212.81 Million Stake in Fiserv, Inc. (NYSE:FI)

National Pension Service cut its holdings in Fiserv, Inc. (NYSE:FI) by 6.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,035,988 shares of the business services provider’s stock after selling 76,180 shares during the quarter. National Pension Service owned about 0.18% of Fiserv worth $212,813,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FI. Allworth Financial LP increased its holdings in Fiserv by 11.9% in the third quarter. Allworth Financial LP now owns 4,808 shares of the business services provider’s stock valued at $864,000 after purchasing an additional 510 shares during the last quarter. PFG Investments LLC increased its stake in shares of Fiserv by 2.7% in the 3rd quarter. PFG Investments LLC now owns 2,807 shares of the business services provider’s stock valued at $504,000 after acquiring an additional 73 shares during the last quarter. J.W. Cole Advisors Inc. raised its position in shares of Fiserv by 18.5% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 2,686 shares of the business services provider’s stock valued at $483,000 after acquiring an additional 419 shares during the period. Inscription Capital LLC bought a new position in Fiserv during the 3rd quarter worth approximately $229,000. Finally, Concord Wealth Partners increased its stake in Fiserv by 27.3% in the third quarter. Concord Wealth Partners now owns 1,273 shares of the business services provider’s stock valued at $229,000 after purchasing an additional 273 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

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 value of $10,599,750.00. Following the completion of the sale, the chief operating officer now directly owns 227,711 shares in the company, valued at approximately $53,637,326.05. This represents a 16.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Stock Performance

Shares of FI stock opened at $232.34 on Wednesday. The firm’s 50 day moving average price is $214.94 and its 200-day moving average price is $199.86. Fiserv, Inc. has a one year low of $145.98 and a one year high of $237.99. 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 firm has a market cap of $130.41 billion, a P/E ratio of 43.11, a P/E/G ratio of 1.52 and a beta of 0.94.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 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, equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its board has authorized a stock buyback program on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

FI has been the subject of several research analyst reports. Keefe, Bruyette & Woods boosted their price target on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Susquehanna raised their price target on Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a research report on Monday, February 10th. Barclays increased their target price on Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Citigroup lifted their price target 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. Finally, Royal Bank of Canada increased their price objective on shares of Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and an average 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.