Fiserv, Inc. (NYSE:FI) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its holdings in Fiserv, Inc. (NYSE:FI) by 3.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 68,156 shares of the business services provider’s stock after selling 2,741 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Fiserv were worth $14,001,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. acquired a new stake in Fiserv during the fourth quarter worth about $29,000. Marshall Investment Management LLC acquired a new stake in Fiserv during the fourth quarter worth about $29,000. Compass Financial Services Inc acquired a new stake in Fiserv during the fourth quarter worth about $31,000. Kennebec Savings Bank acquired a new stake in Fiserv during the third quarter worth about $40,000. Finally, Friedenthal Financial acquired a new stake in Fiserv during the fourth quarter worth about $49,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO Guy Chiarello sold 45,000 shares of Fiserv 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 transaction, the chief operating officer now owns 227,711 shares in the company, valued at approximately $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.75% of the company’s stock.

Fiserv Trading Up 1.8 %

Shares of NYSE FI opened at $235.67 on Friday. The company has a market cap of $132.28 billion, a price-to-earnings ratio of 43.72, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. Fiserv, Inc. has a 12-month low of $145.98 and a 12-month high of $237.99. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The stock’s 50 day simple moving average is $216.68 and its 200 day simple moving average is $200.81.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. Equities research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv declared that its Board of Directors has authorized a share repurchase plan on Thursday, February 20th that allows the company to buyback 60,000,000 outstanding shares. This buyback authorization allows the business services provider to buy shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. The Goldman Sachs Group upped their price target on Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada upped their price target on Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. StockNews.com lowered Fiserv from a “buy” rating to a “hold” rating in a research note on Tuesday. Barclays upped their target price on Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Finally, Citigroup upped their target price on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Fiserv currently has a consensus rating of “Moderate Buy” and a consensus target price 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.