Fiserv, Inc. (NYSE:FI) Shares Sold by Sigma Planning Corp

Sigma Planning Corp cut its holdings in shares of Fiserv, Inc. (NYSE:FI) by 15.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,533 shares of the business services provider’s stock after selling 839 shares during the quarter. Sigma Planning Corp’s holdings in Fiserv were worth $931,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. FMR LLC raised its holdings in shares of Fiserv by 17.8% during the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after acquiring an additional 1,427,664 shares during the period. Sanders Capital LLC acquired a new stake in Fiserv during the third quarter worth about $764,543,000. Barclays PLC raised its stake in Fiserv by 3.0% during the third quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock worth $302,737,000 after purchasing an additional 48,413 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Fiserv by 0.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider’s stock valued at $236,739,000 after purchasing an additional 4,218 shares during the last quarter. Finally, Provident Trust Co. grew its stake in shares of Fiserv by 15.8% in the 4th quarter. Provident Trust Co. now owns 1,278,089 shares of the business services provider’s stock valued at $262,545,000 after buying an additional 174,505 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the stock in a transaction dated 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 transaction, the chief operating officer now owns 227,711 shares in the company, valued at approximately $53,637,326.05. This represents a 16.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.75% of the company’s stock.

Fiserv Price Performance

FI stock opened at $232.34 on Wednesday. The business’s 50-day moving average is $214.94 and its two-hundred day moving average is $199.86. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The firm has a market capitalization of $130.41 billion, a P/E ratio of 43.11, a P/E/G ratio of 1.52 and a beta of 0.94. Fiserv, Inc. has a 1 year low of $145.98 and a 1 year high of $237.99.

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

Fiserv declared that its board has approved a share buyback plan on Thursday, February 20th that authorizes the company to repurchase 60,000,000 outstanding shares. This repurchase authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

FI has been the topic of several analyst reports. Tigress Financial lifted their price target on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Barclays lifted their target price on Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Compass Point assumed coverage on Fiserv in a report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price target for the company. Morgan Stanley boosted their price objective on shares of Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Oppenheimer increased their target price on shares of Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Three analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $239.83.

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.