Fiserv, Inc. (NYSE:FI) is C Partners Holding GmbH's Largest Position

C Partners Holding GmbH cut its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 283,042 shares of the business services provider's stock after selling 10,752 shares during the period. Fiserv makes up 14.5% of C Partners Holding GmbH's holdings, making the stock its biggest holding. C Partners Holding GmbH's holdings in Fiserv were worth $58,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its position in Fiserv by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 11,891,207 shares of the business services provider's stock valued at $2,435,280,000 after purchasing an additional 218,833 shares in the last quarter. FMR LLC lifted its holdings in Fiserv by 22.5% during the 4th quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock worth $2,376,482,000 after buying an additional 2,126,419 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Fiserv by 16.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,030,889 shares of the business services provider's stock worth $1,649,705,000 after purchasing an additional 1,121,597 shares during the last quarter. Norges Bank purchased a new stake in Fiserv in the fourth quarter valued at $1,406,452,000. Finally, Northern Trust Corp increased its position in Fiserv by 19.5% during the fourth quarter. Northern Trust Corp now owns 6,206,720 shares of the business services provider's stock worth $1,274,984,000 after buying an additional 1,014,126 shares during the period. Institutional investors and hedge funds own 90.98% of the company's stock.

Insiders Place Their Bets

In related news, COO Guy Chiarello sold 45,000 shares of the business'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 sale, the chief operating officer now directly owns 227,711 shares in the company, valued at approximately $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.74% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on FI. BMO Capital Markets lowered their price target on Fiserv from $254.00 to $232.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Citigroup lowered their target price on Fiserv from $267.00 to $240.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. KeyCorp upped their price target on Fiserv from $250.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Stephens boosted their price objective on shares of Fiserv from $255.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Finally, StockNews.com initiated coverage on shares of Fiserv in a research note on Sunday, March 23rd. They issued a "buy" rating for the company. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Fiserv currently has an average rating of "Moderate Buy" and a consensus price target of $230.00.

Fiserv Price Performance

Shares of FI traded up $2.70 during trading hours on Friday, reaching $184.09. 3,881,970 shares of the company traded hands, compared to its average volume of 2,842,595. The stock has a market capitalization of $102.07 billion, a PE ratio of 34.15, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. The stock has a fifty day simple moving average of $207.03 and a 200 day simple moving average of $211.15. Fiserv, Inc. has a fifty-two week low of $146.25 and a fifty-two week high of $238.59. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86.

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

Fiserv declared that its Board of Directors has authorized a stock repurchase program on Thursday, February 20th that permits the company to repurchase 60,000,000 outstanding shares. This repurchase authorization permits the business services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is 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.