Fiserv, Inc. (NYSE:FI) Stake Decreased by Horan Capital Advisors LLC.

Horan Capital Advisors LLC. lessened its stake in shares of Fiserv, Inc. (NYSE:FI) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,626 shares of the business services provider’s stock after selling 340 shares during the quarter. Fiserv comprises about 1.9% of Horan Capital Advisors LLC.’s investment portfolio, making the stock its 14th biggest holding. Horan Capital Advisors LLC.’s holdings in Fiserv were worth $5,675,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in FI. Westover Capital Advisors LLC grew its position in Fiserv by 42.5% in the fourth quarter. Westover Capital Advisors LLC now owns 9,082 shares of the business services provider’s stock worth $1,866,000 after buying an additional 2,708 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its position in Fiserv by 18.7% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 3,824 shares of the business services provider’s stock worth $789,000 after buying an additional 603 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Fiserv by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,620,785 shares of the business services provider’s stock worth $743,782,000 after buying an additional 90,475 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in Fiserv by 1.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 120,595 shares of the business services provider’s stock worth $24,773,000 after buying an additional 1,443 shares during the last quarter. Finally, Mission Wealth Management LP grew its position in Fiserv by 1.5% in the fourth quarter. Mission Wealth Management LP now owns 20,621 shares of the business services provider’s stock worth $4,236,000 after buying an additional 298 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Up 0.8 %

Fiserv stock opened at $237.65 on Tuesday. The firm has a market cap 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, Inc. has a fifty-two week low of $145.98 and a fifty-two week high of $238.59. The firm has a fifty day moving average price of $217.30 and a two-hundred day moving average price of $201.84.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) 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%. As a group, 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 stock 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 purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FI. Morgan Stanley lifted their price target on shares of Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods lifted their price objective on shares of 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 shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Wells Fargo & Company lifted their price objective on shares of Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, KeyCorp lifted their price objective on shares of Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $239.83.

Insider Transactions at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the sale, the chief operating officer now directly owns 227,711 shares of the company’s stock, valued at approximately $53,637,326.05. This represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.75% of the company’s stock.

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.