Ameriprise Financial Inc. Has $398.22 Million Holdings in Fiserv, Inc. (NYSE:FI)

Ameriprise Financial Inc. trimmed its position in Fiserv, Inc. (NYSE:FI - Free Report) by 33.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,938,567 shares of the business services provider's stock after selling 961,484 shares during the period. Ameriprise Financial Inc. owned about 0.34% of Fiserv worth $398,221,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of FI. Jacobi Capital Management LLC boosted its holdings in Fiserv by 0.4% in the fourth quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider's stock valued at $2,281,000 after acquiring an additional 44 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Fiserv by 1.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider's stock worth $794,000 after buying an additional 44 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Fiserv by 1.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider's stock worth $841,000 after buying an additional 45 shares in the last quarter. Catalina Capital Group LLC boosted its position in Fiserv by 2.3% in the 4th quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider's stock valued at $444,000 after buying an additional 48 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC grew its stake in shares of Fiserv by 1.2% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider's stock valued at $848,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Price Performance

FI traded down $0.81 on Thursday, reaching $181.38. The company had a trading volume of 6,664,749 shares, compared to its average volume of 2,838,437. Fiserv, Inc. has a one year low of $146.25 and a one year high of $238.59. The company has a market capitalization of $100.56 billion, a P/E ratio of 33.65, a PEG ratio of 1.52 and a beta of 0.97. The company has a fifty day moving average of $208.15 and a 200-day moving average of $211.26. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI - Get Free Report) last announced its earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping the consensus estimate of $2.08 by $0.06. The firm had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $4.86 billion. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.88 earnings per share. As a group, equities research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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

Insider Buying and Selling

In other news, COO Guy Chiarello sold 45,000 shares of the 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 completion of the sale, the chief operating officer now owns 227,711 shares in the company, valued at approximately $53,637,326.05. This represents a 16.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.74% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FI. Wells Fargo & Company increased their price target on Fiserv from $240.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Stephens raised their price target on shares of Fiserv from $255.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Redburn Atlantic reissued a "sell" rating and issued a $150.00 price objective on shares of Fiserv in a report on Thursday, April 17th. Seaport Res Ptn upgraded Fiserv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Finally, Monness Crespi & Hardt downgraded Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price target for the company. in a report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $230.00.

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.