Fiduciary Trust Co Increases Holdings in Fiserv, Inc. (NYSE:FI)

Fiduciary Trust Co increased its stake in Fiserv, Inc. (NYSE:FI) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,179 shares of the business services provider’s stock after acquiring an additional 1,470 shares during the period. Fiduciary Trust Co’s holdings in Fiserv were worth $5,994,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. FJ Capital Management LLC purchased a new stake in shares of Fiserv in the fourth quarter valued at $339,000. Clark Capital Management Group Inc. grew its holdings in Fiserv by 0.5% during the 4th quarter. Clark Capital Management Group Inc. now owns 344,602 shares of the business services provider’s stock valued at $70,788,000 after purchasing an additional 1,557 shares during the last quarter. Deutsche Bank AG raised its position in Fiserv by 3.9% in the 4th quarter. Deutsche Bank AG now owns 2,076,282 shares of the business services provider’s stock worth $426,510,000 after purchasing an additional 78,672 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Fiserv by 16.6% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,653,855 shares of the business services provider’s stock worth $545,155,000 after purchasing an additional 378,674 shares during the last quarter. Finally, EP Wealth Advisors LLC grew its stake in shares of Fiserv by 1.5% during the fourth quarter. EP Wealth Advisors LLC now owns 12,559 shares of the business services provider’s stock valued at $2,580,000 after buying an additional 186 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Fiserv Trading Up 1.5 %

Shares of NYSE:FI opened at $184.09 on Friday. The business’s 50-day moving average is $206.23 and its 200 day moving average is $211.04. 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 1 year low of $146.25 and a 1 year high of $238.59. The firm has a market capitalization of $102.07 billion, a P/E ratio of 34.15, a P/E/G ratio of 1.52 and a beta of 0.97.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.06. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.86 billion. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.88 earnings per share. On average, research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its Board of Directors has initiated a stock repurchase program on Thursday, February 20th that permits the company to repurchase 60,000,000 shares. This repurchase authorization permits the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the firm’s 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 transaction, the chief operating officer now owns 227,711 shares in the company, valued at $53,637,326.05. This trade represents a 16.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FI. Citigroup decreased their price target on Fiserv from $267.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, April 25th. KeyCorp boosted their target price on shares of Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Monness Crespi & Hardt downgraded shares of Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 price target on the stock. in a research note on Wednesday, April 9th. UBS Group lowered their price objective on shares of Fiserv from $265.00 to $255.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Fiserv from $260.00 to $240.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and an average target price of $230.00.

Fiserv Company 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.