Alta Capital Management LLC Sells 18,497 Shares of Fiserv, Inc. (NYSE:FI)

Alta Capital Management LLC trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI) by 5.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 298,442 shares of the business services provider’s stock after selling 18,497 shares during the period. Fiserv makes up about 3.7% of Alta Capital Management LLC’s holdings, making the stock its 6th biggest position. Alta Capital Management LLC’s holdings in Fiserv were worth $61,306,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Marshall Investment Management LLC purchased a new position in Fiserv in the fourth quarter valued at about $29,000. Valley National Advisers Inc. bought a new stake in Fiserv during the 4th quarter valued at approximately $29,000. Compass Financial Services Inc bought a new stake in Fiserv during the 4th quarter valued at approximately $31,000. Kennebec Savings Bank bought a new stake in Fiserv during the 3rd quarter valued at approximately $40,000. Finally, Roxbury Financial LLC bought a new stake in Fiserv during the 4th quarter valued at approximately $50,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Trading Up 0.8 %

FI stock opened at $237.65 on Tuesday. The business has a fifty day moving average price of $217.30 and a 200 day moving average price of $201.84. Fiserv, Inc. has a fifty-two week low of $145.98 and a fifty-two week high of $238.59. The stock has a market capitalization of $133.39 billion, a price-to-earnings ratio of 44.09, a P/E/G ratio of 1.52 and a beta of 0.94. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07.

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 return on equity of 17.93% and a net margin of 15.31%. Analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its Board of Directors has approved a share repurchase program on Thursday, February 20th that authorizes the company to buyback 60,000,000 shares. This buyback authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Fiserv

In other Fiserv 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 transaction, the chief operating officer now directly owns 227,711 shares in the company, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Barclays increased their target price on Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Royal Bank of Canada upped their price target on Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Compass Point started coverage on Fiserv in a report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price target for the company. Finally, StockNews.com cut Fiserv from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock 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.