Fiserv, Inc. (NYSE:FI) Shares Sold by Cozad Asset Management Inc.

Cozad Asset Management Inc. reduced its stake in Fiserv, Inc. (NYSE:FI) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,394 shares of the business services provider’s stock after selling 1,418 shares during the period. Fiserv makes up about 1.1% of Cozad Asset Management Inc.’s holdings, making the stock its 23rd largest holding. Cozad Asset Management Inc.’s holdings in Fiserv were worth $11,379,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Empowered Funds LLC raised its stake in Fiserv by 7.2% in the third quarter. Empowered Funds LLC now owns 9,328 shares of the business services provider’s stock valued at $1,676,000 after buying an additional 626 shares in the last quarter. Natixis Advisors LLC raised its stake in Fiserv by 5.2% in the third quarter. Natixis Advisors LLC now owns 462,137 shares of the business services provider’s stock valued at $83,023,000 after buying an additional 22,913 shares in the last quarter. Adero Partners LLC raised its stake in Fiserv by 3.3% in the third quarter. Adero Partners LLC now owns 2,370 shares of the business services provider’s stock valued at $426,000 after buying an additional 76 shares in the last quarter. Claro Advisors LLC raised its stake in Fiserv by 3.3% in the third quarter. Claro Advisors LLC now owns 2,088 shares of the business services provider’s stock valued at $375,000 after buying an additional 66 shares in the last quarter. Finally, Quest Partners LLC raised its stake in Fiserv by 72,800.0% in the third quarter. Quest Partners LLC now owns 729 shares of the business services provider’s stock valued at $131,000 after buying an additional 728 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of Fiserv 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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.75% of the stock is owned by corporate insiders.

Fiserv Price Performance

Shares of FI opened at $214.91 on Monday. Fiserv, Inc. has a twelve month low of $145.98 and a twelve month high of $238.59. The stock’s 50 day moving average is $218.96 and its two-hundred day moving average is $204.87. The firm has a market capitalization of $120.62 billion, a PE ratio of 39.87, a P/E/G ratio of 1.52 and a beta of 0.93. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share 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%. Research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its board has initiated a share buyback plan 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. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Oppenheimer raised their price target on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Morgan Stanley raised their price objective on Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. StockNews.com lowered Fiserv from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. BMO Capital Markets raised their price objective on Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Finally, Susquehanna raised their price objective on Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and a consensus target price 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.