Fiserv, Inc. (NYSE:FI) Shares Sold by Vantage Financial Partners LLC

Vantage Financial Partners LLC reduced its position in Fiserv, Inc. (NYSE:FI) by 14.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,173 shares of the business services provider’s stock after selling 367 shares during the period. Vantage Financial Partners LLC’s holdings in Fiserv were worth $446,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Marshall Investment Management LLC acquired a new position in Fiserv during the 4th quarter worth approximately $29,000. Valley National Advisers Inc. purchased a new stake in Fiserv during the 4th quarter worth approximately $29,000. Compass Financial Services Inc purchased a new stake in Fiserv during the 4th quarter worth approximately $31,000. Kennebec Savings Bank bought a new stake in shares of Fiserv in the 3rd quarter valued at approximately $40,000. Finally, Roxbury Financial LLC bought a new stake in shares of Fiserv in the 4th quarter valued at approximately $50,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Barclays boosted their price target on Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Susquehanna boosted their price target on Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a report on Monday, February 10th. Citigroup boosted their price target on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Oppenheimer boosted their price target on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Finally, Royal Bank of Canada upped their price objective on Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Three research 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $239.83.

Insiders Place Their Bets

In related news, COO Guy Chiarello sold 45,000 shares of the company’s stock in a transaction dated 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 in the company, valued at $53,637,326.05. This represents a 16.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

FI opened at $223.82 on Wednesday. The business has a fifty day simple moving average of $217.59 and a 200 day simple moving average of $202.24. The company has a market capitalization of $125.63 billion, a PE ratio of 41.52, a price-to-earnings-growth 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 $238.59. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07.

Fiserv (NYSE:FI) last released its earnings results 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 expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its Board of Directors has approved a stock repurchase program on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.