Fiserv, Inc. (NYSE:FI) Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 4.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 207,441 shares of the business services provider's stock after selling 9,130 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Fiserv were worth $42,613,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Geode Capital Management LLC grew its position in Fiserv by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 11,891,207 shares of the business services provider's stock valued at $2,435,280,000 after acquiring an additional 218,833 shares during the period. FMR LLC grew its holdings 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 worth $2,376,482,000 after purchasing an additional 2,126,419 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Fiserv by 16.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,030,889 shares of the business services provider's stock valued at $1,649,705,000 after buying an additional 1,121,597 shares during the period. Norges Bank acquired a new position in Fiserv during the fourth quarter valued at approximately $1,406,452,000. Finally, Northern Trust Corp lifted its position in Fiserv by 19.5% during the fourth quarter. Northern Trust Corp now owns 6,206,720 shares of the business services provider's stock valued at $1,274,984,000 after buying an additional 1,014,126 shares in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $235.55, for a total value of $10,599,750.00. Following the transaction, the chief operating officer now owns 227,711 shares of the company's stock, valued at $53,637,326.05. This trade represents a 16.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.74% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FI has been the subject of several recent research reports. Susquehanna dropped their price objective on shares of Fiserv from $250.00 to $240.00 and set a "positive" rating for the company in a research report on Friday, April 25th. Piper Sandler set a $218.00 price target on Fiserv in a report on Friday, April 25th. Redburn Atlantic reissued a "sell" rating and issued a $150.00 price objective on shares of Fiserv in a research report on Thursday, April 17th. BMO Capital Markets reduced their price objective on Fiserv from $254.00 to $232.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Finally, 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. Two analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Fiserv presently has a consensus rating of "Moderate Buy" and a consensus price target of $228.44.

Fiserv Stock Up 1.3%

Shares of FI stock traded up $2.11 during trading hours on Monday, hitting $168.77. 1,879,462 shares of the company were exchanged, compared to its average volume of 3,730,023. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The stock has a market capitalization of $93.57 billion, a price-to-earnings ratio of 31.31, a P/E/G ratio of 1.52 and a beta of 0.97. Fiserv, Inc. has a one year low of $146.25 and a one year high of $238.59. The business's 50-day simple moving average is $202.24 and its two-hundred day simple moving average is $210.41.

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 the consensus estimate of $2.08 by $0.06. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The company had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same quarter last year, the firm earned $1.88 EPS. The business's revenue was up 5.1% on a year-over-year basis. Sell-side analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its Board of Directors has initiated 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 reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

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.