Capitolis Liquid Global Markets LLC Lowers Stock Position in Fiserv, Inc. (NYSE:FI)

Capitolis Liquid Global Markets LLC lessened its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 22.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,150 shares of the business services provider's stock after selling 8,000 shares during the quarter. Capitolis Liquid Global Markets LLC's holdings in Fiserv were worth $5,783,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Jacobi Capital Management LLC increased its stake in shares of Fiserv by 0.4% in the 4th quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider's stock worth $2,281,000 after acquiring an additional 44 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of 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 purchasing an additional 44 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of Fiserv by 1.1% during the fourth 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 during the period. Catalina Capital Group LLC grew 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 acquiring an additional 48 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC grew its holdings in shares of Fiserv by 1.2% in 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 purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Stock Performance

NYSE:FI opened at $185.49 on Tuesday. Fiserv, Inc. has a fifty-two week low of $146.25 and a fifty-two week high of $238.59. The company has a market cap of $102.84 billion, a P/E ratio of 34.41, a P/E/G ratio of 1.52 and a beta of 0.97. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The firm's 50 day moving average is $210.16 and its two-hundred day moving average is $211.64.

Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share (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 company had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same quarter in the prior year, the business earned $1.88 earnings per share. The business's quarterly revenue was up 5.1% compared to the same quarter last year. Analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its Board of Directors has initiated a share repurchase program on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FI shares. Piper Sandler set a $218.00 target price on shares of Fiserv in a research note on Friday, April 25th. Redburn Atlantic reissued a "sell" rating and issued a $150.00 target price on shares of Fiserv in a research report on Thursday, April 17th. UBS Group lowered their price objective on shares of Fiserv from $265.00 to $255.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Stephens boosted their target price on Fiserv from $255.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, Royal Bank of Canada set a $237.00 price target on shares of Fiserv in a report on Friday, April 25th. Two equities research 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 given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $230.00.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 45,000 shares of the firm's stock in a transaction dated 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 directly owns 227,711 shares in the company, valued at $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.74% of the stock is 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.

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