Fiserv, Inc. (NYSE:FI) Stock Holdings Boosted by Smithfield Trust Co

Smithfield Trust Co lifted its position in Fiserv, Inc. (NYSE:FI) by 3.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,156 shares of the business services provider’s stock after buying an additional 370 shares during the period. Smithfield Trust Co’s holdings in Fiserv were worth $2,082,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FI. Sanders Capital LLC bought a new position in shares of Fiserv in the third quarter valued at $764,543,000. FMR LLC raised its position in shares of Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after purchasing an additional 1,427,664 shares during the period. Kovitz Investment Group Partners LLC lifted its holdings in shares of Fiserv by 788.7% during the third quarter. Kovitz Investment Group Partners LLC now owns 632,554 shares of the business services provider’s stock valued at $109,700,000 after purchasing an additional 561,377 shares during the last quarter. Mizuho Securities USA LLC boosted its position in shares of Fiserv by 1,238.6% in the 3rd quarter. Mizuho Securities USA LLC now owns 603,887 shares of the business services provider’s stock valued at $108,488,000 after purchasing an additional 558,774 shares during the period. Finally, Proficio Capital Partners LLC boosted its position in shares of Fiserv by 30,479.9% in the 4th quarter. Proficio Capital Partners LLC now owns 484,997 shares of the business services provider’s stock valued at $99,628,000 after purchasing an additional 483,411 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on FI shares. Barclays upped their price objective on shares of Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. The Goldman Sachs Group upped their price target on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Citigroup lifted their price objective on shares of Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. StockNews.com lowered Fiserv from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, BMO Capital Markets lifted their price target on Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Three investment 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. According to MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and an average price target of $239.83.

Insider Activity

In related news, COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were 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 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 filing with the SEC, which is available through this link. Insiders own 0.75% of the company’s stock.

Fiserv Trading Down 5.9 %

Shares of NYSE:FI opened at $223.82 on Wednesday. Fiserv, Inc. has a 1 year low of $145.98 and a 1 year high of $238.59. The firm has a fifty day moving average price of $217.59 and a 200 day moving average price of $202.24. 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 has a market capitalization of $125.63 billion, a PE ratio of 41.52, a P/E/G ratio of 1.52 and a beta of 0.94.

Fiserv (NYSE:FI) last issued its quarterly earnings data 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%. Analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its board has initiated a share buyback plan on Thursday, February 20th that permits the company to buyback 60,000,000 shares. This buyback authorization permits the business services provider to purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors 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.