GTS Securities LLC Sells 19,491 Shares of Fiserv, Inc. (NYSE:FI)

GTS Securities LLC trimmed its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 80.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,591 shares of the business services provider's stock after selling 19,491 shares during the quarter. GTS Securities LLC's holdings in Fiserv were worth $943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Valley National Advisers Inc. purchased a new position in Fiserv in the 4th quarter worth approximately $29,000. Marshall Investment Management LLC purchased a new position in Fiserv in the 4th quarter worth approximately $29,000. Compass Financial Services Inc purchased a new position in shares of Fiserv during the fourth quarter valued at approximately $31,000. Campbell Capital Management Inc. purchased a new position in shares of Fiserv during the fourth quarter valued at approximately $37,000. Finally, Quarry LP increased its stake in shares of Fiserv by 51.9% during the fourth quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after buying an additional 70 shares during the period. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. KeyCorp boosted their target price on Fiserv from $250.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. The Goldman Sachs Group reduced their target price on Fiserv from $223.00 to $194.00 and set a "buy" rating on the stock in a research note on Monday, May 19th. Wall Street Zen assumed coverage on Fiserv in a research note on Sunday, March 23rd. They set a "buy" rating on the stock. Royal Bank of Canada set a $237.00 target price on Fiserv in a research note on Friday, April 25th. Finally, BMO Capital Markets dropped their price target on Fiserv from $254.00 to $232.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, one has issued 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 MarketBeat, Fiserv presently has an average rating of "Moderate Buy" and a consensus target price of $221.60.

Fiserv Stock Up 0.3%

Shares of NYSE FI traded up $0.55 during trading on Wednesday, reaching $160.69. The company had a trading volume of 6,226,447 shares, compared to its average volume of 3,112,622. Fiserv, Inc. has a 12-month low of $146.25 and a 12-month high of $238.59. The stock has a market cap of $89.09 billion, a PE ratio of 29.81, a P/E/G ratio of 1.52 and a beta of 0.97. The business's 50-day moving average is $194.74 and its 200 day moving average is $208.26. 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 announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $4.86 billion. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The company's quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.88 earnings per share. As a group, equities analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its Board of Directors has initiated a share repurchase plan on Thursday, February 20th that allows the company to buyback 60,000,000 outstanding shares. This buyback authorization allows the business services provider to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company's board of directors 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.