Brooktree Capital Management Sells 492 Shares of Fiserv, Inc. (NYSE:FI)

Brooktree Capital Management cut its holdings in Fiserv, Inc. (NYSE:FI) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 48,848 shares of the business services provider’s stock after selling 492 shares during the quarter. Fiserv accounts for 7.4% of Brooktree Capital Management’s investment portfolio, making the stock its 4th largest holding. Brooktree Capital Management’s holdings in Fiserv were worth $10,034,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FI. Valley National Advisers Inc. acquired a new position in Fiserv in the fourth quarter valued at approximately $29,000. Marshall Investment Management LLC acquired a new position in Fiserv in the fourth quarter valued at approximately $29,000. Compass Financial Services Inc acquired a new position in Fiserv in the fourth quarter valued at approximately $31,000. Campbell Capital Management Inc. acquired a new position in Fiserv in the fourth quarter valued at approximately $37,000. Finally, Knuff & Co LLC acquired a new position in Fiserv in the fourth quarter valued at approximately $45,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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 transaction, the chief operating officer now owns 227,711 shares of the company’s stock, valued at $53,637,326.05. This represents a 16.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.75% of the company’s stock.

Fiserv Stock Up 1.6 %

Shares of NYSE:FI opened at $218.05 on Tuesday. The company has a market capitalization of $122.39 billion, a PE ratio of 40.45, 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 current ratio of 1.06 and a quick ratio of 1.07. The business has a fifty day moving average price of $219.21 and a two-hundred day moving average price of $205.19. Fiserv, Inc. has a 1 year low of $145.98 and a 1 year high of $238.59.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (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 forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Royal Bank of Canada boosted their price target on Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Compass Point started coverage on Fiserv in a report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price objective for the company. Wells Fargo & Company boosted their price objective on Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Morgan Stanley boosted their price objective on Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, KeyCorp boosted their price objective on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and a consensus price target of $239.83.

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.