Aryeh Capital Management Ltd. Sells 47,300 Shares of Fiserv, Inc. (NYSE:FI)

Aryeh Capital Management Ltd. lessened its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 37.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,842 shares of the business services provider's stock after selling 47,300 shares during the period. Fiserv makes up about 9.7% of Aryeh Capital Management Ltd.'s portfolio, making the stock its 5th biggest holding. Aryeh Capital Management Ltd.'s holdings in Fiserv were worth $16,196,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Czech National Bank boosted its holdings in Fiserv by 5.2% during the fourth quarter. Czech National Bank now owns 123,353 shares of the business services provider's stock worth $25,339,000 after buying an additional 6,072 shares in the last quarter. Trust Co. of Vermont raised its stake in Fiserv by 170.4% during the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider's stock worth $1,405,000 after purchasing an additional 4,310 shares during the period. Cardano Risk Management B.V. purchased a new position in shares of Fiserv during the 4th quarter worth $97,254,000. Root Financial Partners LLC acquired a new position in Fiserv during the fourth quarter worth $257,000. Finally, Merit Financial Group LLC boosted its stake in shares of Fiserv by 146.9% in the fourth quarter. Merit Financial Group LLC now owns 19,803 shares of the business services provider's stock valued at $4,068,000 after purchasing an additional 11,783 shares during the period. Institutional investors and hedge funds own 90.98% of the company's stock.

Fiserv Stock Down 0.1 %

Shares of FI stock traded down $0.19 during mid-day trading on Tuesday, reaching $185.31. 2,519,447 shares of the company were exchanged, compared to its average volume of 2,814,590. The company has a market capitalization of $102.74 billion, a P/E ratio of 34.38, a P/E/G ratio of 1.52 and a beta of 0.97. The business's 50 day simple moving average is $210.16 and its 200 day simple moving average is $211.64. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. Fiserv, Inc. has a fifty-two week low of $146.25 and a fifty-two week high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly 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. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The business had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $4.86 billion. During the same quarter last year, the company posted $1.88 earnings per share. The company's quarterly revenue was up 5.1% compared to the same quarter last year. Research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv declared that its Board of Directors has initiated a stock 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 purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FI shares. Morgan Stanley reaffirmed an "overweight" rating and set a $268.00 price objective (up from $267.00) on shares of Fiserv in a research report on Friday, April 25th. Citigroup lowered their price objective on Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Piper Sandler set a $218.00 price objective on shares of Fiserv in a research note on Friday, April 25th. The Goldman Sachs Group raised Fiserv from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $246.00 to $260.00 in a research note on Wednesday, April 2nd. Finally, Wells Fargo & Company boosted their price target on Fiserv from $240.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $230.00.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were 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 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 available at this hyperlink. 0.74% of the stock is currently owned by company insiders.

About Fiserv

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.