London Co. of Virginia Decreases Stock Holdings in Fiserv, Inc. (NYSE:FI)

London Co. of Virginia decreased its position in Fiserv, Inc. (NYSE:FI - Free Report) by 3.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 397,864 shares of the business services provider's stock after selling 13,780 shares during the period. London Co. of Virginia owned approximately 0.07% of Fiserv worth $81,729,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of FI. Norges Bank acquired a new position in shares of Fiserv during the 4th quarter worth about $1,406,452,000. Raymond James Financial Inc. acquired a new stake in Fiserv during the 4th quarter worth approximately $614,982,000. Kovitz Investment Group Partners LLC grew its stake in shares of Fiserv by 343.7% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 2,806,579 shares of the business services provider's stock valued at $576,527,000 after acquiring an additional 2,174,025 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Fiserv by 65.6% during the fourth quarter. Alliancebernstein L.P. now owns 5,437,246 shares of the business services provider's stock worth $1,116,919,000 after purchasing an additional 2,153,554 shares during the period. Finally, FMR LLC lifted its position in shares of Fiserv by 22.5% during the 4th quarter. FMR LLC now owns 11,568,895 shares of the business services provider's stock valued at $2,376,482,000 after acquiring an additional 2,126,419 shares during the period. Institutional investors own 90.98% of the company's stock.

Insider Buying and Selling

In other news, COO Guy Chiarello sold 45,000 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were 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 directly owns 227,711 shares of the company's stock, valued at $53,637,326.05. The trade was a 16.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.74% of the stock is owned by insiders.

Fiserv Stock Performance

Shares of NYSE FI traded down $30.91 during trading on Thursday, reaching $158.95. 23,331,656 shares of the stock traded hands, compared to its average volume of 2,947,633. The stock has a market capitalization of $88.13 billion, a P/E ratio of 29.49, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. Fiserv, Inc. has a 52-week low of $146.25 and a 52-week high of $238.59. The company has a 50-day moving average of $204.31 and a 200-day moving average of $210.78. 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 (NYSE:FI - Get Free Report) last issued its earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping analysts' consensus estimates of $2.08 by $0.06. The company had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $4.86 billion. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The firm's revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.88 EPS. Analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its board has initiated a stock buyback plan on Thursday, February 20th that authorizes the company to buyback 60,000,000 shares. This buyback authorization authorizes the business services provider to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Susquehanna reduced their price objective on Fiserv from $250.00 to $240.00 and set a "positive" rating on the stock in a research note on Friday, April 25th. Keefe, Bruyette & Woods decreased their price target on Fiserv from $260.00 to $240.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Royal Bank of Canada set a $237.00 price target on shares of Fiserv in a research note on Friday, April 25th. UBS Group dropped their price objective on shares of Fiserv from $265.00 to $255.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, KeyCorp upped their target price on shares of Fiserv from $250.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Fiserv presently has a consensus rating of "Moderate Buy" and an average target price 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.