Fiserv, Inc. (NYSE:FI) Shares Sold by FDx Advisors Inc.

FDx Advisors Inc. cut its position in shares of Fiserv, Inc. (NYSE:FI) by 3.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,358 shares of the business services provider’s stock after selling 55 shares during the period. FDx Advisors Inc.’s holdings in Fiserv were worth $279,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Foundations Investment Advisors LLC grew its position in shares of Fiserv by 3.7% in the third quarter. Foundations Investment Advisors LLC now owns 4,660 shares of the business services provider’s stock valued at $837,000 after purchasing an additional 165 shares during the last quarter. Eastern Bank purchased a new stake in Fiserv in the 3rd quarter valued at approximately $50,000. Courier Capital LLC acquired a new stake in Fiserv during the 3rd quarter valued at $238,000. YHB Investment Advisors Inc. purchased a new position in Fiserv during the third quarter worth $202,000. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in shares of Fiserv by 46.4% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 4,867 shares of the business services provider’s stock worth $874,000 after acquiring an additional 1,542 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Susquehanna increased their price objective on Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a research note on Monday, February 10th. Oppenheimer upped their target price on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. BMO Capital Markets lifted their price target on shares of Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. KeyCorp boosted their price objective on shares of Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Stephens raised their target price on shares of Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Fiserv has a consensus rating of “Buy” and a consensus price target of $239.83.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the 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 sale, the chief operating officer now owns 227,711 shares of the company’s stock, valued at $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Trading Down 0.8 %

NYSE FI opened at $232.47 on Friday. The firm has a market capitalization of $132.26 billion, a price-to-earnings ratio of 43.13, a PEG ratio of 1.53 and a beta of 0.94. 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 one year low of $145.98 and a one year high of $237.99. The company’s 50 day moving average price is $213.81 and its 200 day moving average price is $198.28.

Fiserv (NYSE:FI) last issued its earnings results 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%. On average, sell-side analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv declared that its Board of Directors has authorized a stock repurchase plan 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 plans are typically a sign that the company’s management 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.