Main Street Financial Solutions LLC Sells 1,684 Shares of Fiserv, Inc. (NYSE:FI)

Main Street Financial Solutions LLC lowered its position in shares of Fiserv, Inc. (NYSE:FI) by 13.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,852 shares of the business services provider’s stock after selling 1,684 shares during the quarter. Main Street Financial Solutions LLC’s holdings in Fiserv were worth $2,229,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FI. Marshall Investment Management LLC bought a new stake in shares of Fiserv in the fourth quarter valued at approximately $29,000. Valley National Advisers Inc. bought a new stake in shares of Fiserv during the 4th quarter valued at $29,000. Compass Financial Services Inc acquired a new stake in shares of Fiserv during the 4th quarter worth $31,000. Campbell Capital Management Inc. bought a new position in shares of Fiserv in the fourth quarter worth $37,000. Finally, Knuff & Co LLC acquired a new position in Fiserv in the fourth quarter valued at about $45,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Up 0.3 %

Shares of NYSE:FI opened at $212.83 on Wednesday. The company has a market capitalization of $118.88 billion, a PE ratio of 39.49, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. 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. The business has a fifty day moving average price of $220.58 and a two-hundred day moving average price of $210.92.

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

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

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now directly owns 227,711 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.75% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. KeyCorp upped their target price on Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Susquehanna dropped their target price on shares of Fiserv from $270.00 to $250.00 and set a “positive” rating for the company in a report on Tuesday. Wells Fargo & Company upped their price objective on shares of Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Monness Crespi & Hardt cut shares of Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 target price on the stock. in a research note on Wednesday, April 9th. Finally, Stephens increased their price target on Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $238.48.

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.