Haverford Trust Co Decreases Position in Fiserv, Inc. (NYSE:FI)

Haverford Trust Co decreased its position in Fiserv, Inc. (NYSE:FI) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,556 shares of the business services provider’s stock after selling 282 shares during the period. Haverford Trust Co’s holdings in Fiserv were worth $1,552,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. ICW Investment Advisors LLC lifted its holdings in Fiserv by 4.7% during the fourth quarter. ICW Investment Advisors LLC now owns 10,571 shares of the business services provider’s stock valued at $2,171,000 after purchasing an additional 473 shares during the last quarter. Sheets Smith Investment Management purchased a new stake in shares of Fiserv in the fourth quarter worth about $1,432,000. Congress Wealth Management LLC DE boosted its holdings in Fiserv by 6.8% in the 4th quarter. Congress Wealth Management LLC DE now owns 3,706 shares of the business services provider’s stock valued at $761,000 after purchasing an additional 235 shares during the period. Twin City Private Wealth LLC boosted its stake in Fiserv by 2.5% during the fourth quarter. Twin City Private Wealth LLC now owns 3,484 shares of the business services provider’s stock valued at $716,000 after buying an additional 85 shares during the period. Finally, Dillon & Associates Inc. boosted its position in shares of Fiserv by 9.3% during the 4th quarter. Dillon & Associates Inc. now owns 75,895 shares of the business services provider’s stock valued at $15,558,000 after acquiring an additional 6,486 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Oppenheimer raised their price objective on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Barclays increased their price objective on Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. The Goldman Sachs Group increased their price target on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Citigroup boosted their price objective on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. 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 stock. According to data from MarketBeat, the stock currently has a consensus 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 company’s stock in a transaction on Thursday, February 20th. The stock was 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.75% of the stock is owned by insiders.

Fiserv Stock Up 1.7 %

Fiserv stock opened at $221.90 on Tuesday. Fiserv, Inc. has a fifty-two week low of $145.98 and a fifty-two week high of $238.59. The firm has a 50 day moving average price of $220.87 and a 200 day moving average price of $206.81. The company has a market capitalization of $124.55 billion, a PE ratio of 41.17, 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 announced 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 return on equity of 17.93% and a net margin of 15.31%. Research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its board has authorized a share 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. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

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.