Amundi Decreases Position in Fiserv, Inc. (NYSE:FI)

Amundi trimmed its position in Fiserv, Inc. (NYSE:FI) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,015,262 shares of the business services provider’s stock after selling 108,073 shares during the period. Amundi owned 0.53% of Fiserv worth $618,822,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Permanent Capital Management LP purchased a new position in shares of Fiserv in the fourth quarter valued at about $445,000. Fairfield Financial Advisors LTD purchased a new position in shares of Fiserv during the fourth quarter valued at approximately $127,000. Rialto Wealth Management LLC purchased a new stake in Fiserv during the fourth quarter valued at approximately $103,000. PNC Financial Services Group Inc. increased its holdings in Fiserv by 2.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 149,671 shares of the business services provider’s stock valued at $30,745,000 after buying an additional 3,946 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of Fiserv by 6.2% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,068,916 shares of the business services provider’s stock worth $234,871,000 after purchasing an additional 62,044 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

Fiserv Stock Down 0.9 %

Shares of FI opened at $218.04 on Friday. The firm’s 50-day simple moving average is $218.31 and its 200 day simple moving average is $202.88. Fiserv, Inc. has a 52 week low of $145.98 and a 52 week high of $238.59. The firm has a market cap of $122.38 billion, a P/E ratio of 40.45, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. 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 (NYSE:FI) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating 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%. On average, analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its board has authorized a stock buyback plan on Thursday, February 20th that authorizes the company to buyback 60,000,000 outstanding shares. This buyback authorization authorizes the business services provider to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

FI has been the subject of a number of recent research reports. Citigroup lifted their price objective on shares of Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Oppenheimer increased their price target on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Susquehanna raised their price objective on Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a research report on Monday, February 10th. Stephens raised their price objective on Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Keefe, Bruyette & Woods lifted their price target on Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $239.83.

Insider Buying and Selling

In other 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 transaction of $10,599,750.00. Following the completion of the transaction, the chief operating officer now directly owns 227,711 shares of the company’s stock, valued at $53,637,326.05. This represents a 16.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.75% of the stock is currently owned by company insiders.

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.