North Star Asset Management Inc. Trims Holdings in Fiserv, Inc. (NYSE:FI)

North Star Asset Management Inc. trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 296,388 shares of the business services provider's stock after selling 8,926 shares during the quarter. Fiserv accounts for 2.7% of North Star Asset Management Inc.'s holdings, making the stock its 4th biggest position. North Star Asset Management Inc. owned approximately 0.05% of Fiserv worth $60,884,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Barclays PLC boosted its position in Fiserv by 3.0% during the 3rd quarter. Barclays PLC now owns 1,685,157 shares of the business services provider's stock worth $302,737,000 after acquiring an additional 48,413 shares during the last quarter. LaFleur & Godfrey LLC boosted its position in Fiserv by 0.4% during the 4th quarter. LaFleur & Godfrey LLC now owns 18,116 shares of the business services provider's stock worth $3,721,000 after acquiring an additional 75 shares during the last quarter. Daymark Wealth Partners LLC boosted its position in Fiserv by 41.3% during the 4th quarter. Daymark Wealth Partners LLC now owns 1,581 shares of the business services provider's stock worth $325,000 after acquiring an additional 462 shares during the last quarter. Bartlett & CO. Wealth Management LLC boosted its position in Fiserv by 4.6% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 6,755 shares of the business services provider's stock worth $1,388,000 after acquiring an additional 295 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Fiserv by 7.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 64,287 shares of the business services provider's stock worth $13,206,000 after acquiring an additional 4,196 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Royal Bank of Canada set a $237.00 price target on Fiserv in a research report on Friday, April 25th. BMO Capital Markets cut their price objective on Fiserv from $254.00 to $232.00 and set an "outperform" rating for the company in a report on Friday, April 25th. The Goldman Sachs Group cut their price objective on Fiserv from $223.00 to $194.00 and set a "buy" rating for the company in a report on Monday, May 19th. KeyCorp increased their price objective on Fiserv from $250.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. cut their price objective on Fiserv from $211.00 to $210.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Fiserv currently has an average rating of "Moderate Buy" and an average target price of $222.80.

Fiserv Price Performance

NYSE:FI traded up $0.60 during trading hours on Tuesday, hitting $159.94. The company's stock had a trading volume of 8,260,697 shares, compared to its average volume of 3,096,581. The stock has a fifty day simple moving average of $195.97 and a 200-day simple moving average of $208.60. The company has a market capitalization of $88.68 billion, a P/E ratio of 29.67, 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. Fiserv, Inc. has a twelve month low of $146.25 and a twelve month high of $238.59.

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 for the quarter, beating the consensus estimate of $2.08 by $0.06. The business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. Fiserv's revenue was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $1.88 earnings per share. On average, analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its board has authorized a stock buyback program on Thursday, February 20th that permits the company to buyback 60,000,000 outstanding shares. This buyback authorization permits the business services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

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.