Fiserv, Inc. (NYSE:FI) Stake Trimmed by North Star Asset Management Inc.

North Star Asset Management Inc. cut its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 296,388 shares of the business services provider's stock after selling 8,926 shares during the period. Fiserv makes up about 2.7% of North Star Asset Management Inc.'s portfolio, making the stock its 4th biggest holding. North Star Asset Management Inc. owned approximately 0.05% of Fiserv worth $60,884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of FI. Jacobi Capital Management LLC boosted its position in Fiserv by 0.4% during the 4th quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider's stock worth $2,281,000 after buying an additional 44 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in Fiserv by 1.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider's stock valued at $794,000 after acquiring an additional 44 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of 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 acquiring an additional 45 shares in the last quarter. Catalina Capital Group LLC lifted its stake in shares of 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 purchasing an additional 48 shares during the period. Finally, Mount Yale Investment Advisors LLC boosted its position in shares of Fiserv by 1.2% during the 4th 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. 90.98% of the stock is currently owned by institutional investors.

Fiserv Stock Performance

Shares of FI traded up $0.55 on Wednesday, reaching $160.69. The company's stock had a trading volume of 6,226,388 shares, compared to its average volume of 3,109,051. Fiserv, Inc. has a 12-month low of $146.25 and a 12-month high of $238.59. The stock has a market capitalization of $89.09 billion, a P/E ratio of 29.81, a PEG ratio of 1.52 and a beta of 0.97. 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 stock's 50 day simple moving average is $194.74 and its two-hundred day simple moving average is $208.26.

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

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

Analysts Set New Price Targets

FI has been the subject of several research analyst reports. KeyCorp lifted their price target on shares of Fiserv from $250.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Monness Crespi & Hardt lowered Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price target on the stock. in a report on Wednesday, April 9th. Barclays cut their target price on Fiserv from $265.00 to $230.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Piper Sandler set a $218.00 price target on shares of Fiserv in a research note on Friday, April 25th. Finally, Keefe, Bruyette & Woods lowered their price objective on Fiserv from $240.00 to $200.00 and set an "outperform" rating for the company in a research note on Wednesday, May 21st. Two analysts have rated the stock with a sell rating, one has given 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 company has an average rating of "Moderate Buy" and an average target price of $221.60.

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.