Gotham Asset Management LLC Sells 21,037 Shares of Fiserv, Inc. (NYSE:FI)

Gotham Asset Management LLC reduced its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 22.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,865 shares of the business services provider's stock after selling 21,037 shares during the quarter. Gotham Asset Management LLC's holdings in Fiserv were worth $14,557,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of FI. Barclays PLC boosted its holdings in Fiserv by 3.0% in the third quarter. Barclays PLC now owns 1,685,157 shares of the business services provider's stock valued at $302,737,000 after acquiring an additional 48,413 shares during the last quarter. International Assets Investment Management LLC bought a new position in Fiserv in the fourth quarter valued at about $510,000. Czech National Bank boosted its holdings in Fiserv by 5.2% in the fourth quarter. Czech National Bank now owns 123,353 shares of the business services provider's stock valued at $25,339,000 after acquiring an additional 6,072 shares during the last quarter. Trust Co. of Toledo NA OH boosted its holdings in Fiserv by 8.9% in the fourth quarter. Trust Co. of Toledo NA OH now owns 1,902 shares of the business services provider's stock valued at $391,000 after acquiring an additional 156 shares during the last quarter. Finally, Capital Investment Advisors LLC boosted its holdings in Fiserv by 4.9% in the fourth quarter. Capital Investment Advisors LLC now owns 4,906 shares of the business services provider's stock valued at $1,008,000 after acquiring an additional 229 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Fiserv Stock Down 0.6%

NYSE:FI traded down $1.24 on Wednesday, hitting $189.76. The stock had a trading volume of 3,791,264 shares, compared to its average volume of 2,866,078. Fiserv, Inc. has a 52 week low of $146.25 and a 52 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. The business's fifty day moving average is $204.87 and its 200 day moving average is $210.93. The company has a market cap of $105.21 billion, a PE ratio of 35.21, a P/E/G ratio of 1.52 and a beta of 0.97.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, beating analysts' consensus estimates of $2.08 by $0.06. The company had revenue of $4.79 billion during 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%. Fiserv's revenue was up 5.1% on a year-over-year basis. During the same period last year, the business posted $1.88 earnings per share. On average, equities research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its board has initiated a share repurchase program on Thursday, February 20th that permits the company to repurchase 60,000,000 shares. This repurchase authorization permits the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Barclays decreased their price target on Fiserv from $265.00 to $230.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Wells Fargo & Company increased their target price on Fiserv from $240.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Citigroup cut 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. UBS Group cut their target price on Fiserv from $265.00 to $255.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Seaport Res Ptn raised Fiserv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Fiserv currently has a consensus rating of "Moderate Buy" and an average price target of $230.00.

Fiserv 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.