Moore Capital Management LP Lowers Holdings in Fiserv, Inc. (NYSE:FI)

Moore Capital Management LP lessened its stake in Fiserv, Inc. (NYSE:FI - Free Report) by 90.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,902 shares of the business services provider's stock after selling 27,370 shares during the period. Moore Capital Management LP's holdings in Fiserv were worth $596,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of FI. Marshall Investment Management LLC bought a new position in Fiserv during the 4th quarter valued at approximately $29,000. Valley National Advisers Inc. purchased a new stake in shares of Fiserv in the 4th quarter worth approximately $29,000. Compass Financial Services Inc purchased a new stake in shares of Fiserv in the 4th quarter worth approximately $31,000. Campbell Capital Management Inc. purchased a new stake in shares of Fiserv in the 4th quarter worth approximately $37,000. Finally, Quarry LP boosted its stake in Fiserv by 51.9% during the 4th quarter. Quarry LP now owns 205 shares of the business services provider's stock valued at $42,000 after purchasing an additional 70 shares during the last quarter. Institutional investors own 90.98% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on FI shares. 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. The Goldman Sachs Group raised Fiserv from a "neutral" rating to a "buy" rating and raised their target price for the stock from $246.00 to $260.00 in a report on Wednesday, April 2nd. KeyCorp raised their price target on Fiserv from $250.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Stephens raised their price target on Fiserv from $255.00 to $270.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, Piper Sandler set a $218.00 price objective on Fiserv in a research report on Friday, April 25th. Two equities research 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, Fiserv currently has an average rating of "Moderate Buy" and a consensus target price of $230.00.

Fiserv Trading Up 4.7%

Shares of Fiserv stock traded up $7.50 on Friday, hitting $166.63. 11,450,947 shares of the company traded hands, compared to its average volume of 2,986,813. The stock's 50 day moving average price is $202.24 and its 200-day moving average price is $210.25. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a 52 week low of $146.25 and a 52 week high of $238.59. The company has a market cap of $92.38 billion, a PE ratio of 30.91, a PEG ratio of 1.52 and a beta of 0.97.

Fiserv (NYSE:FI - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $4.86 billion. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Fiserv's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.88 earnings per share. Equities research analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its Board of Directors has authorized a share repurchase plan on Thursday, February 20th that authorizes the company to buyback 60,000,000 outstanding shares. This buyback authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 45,000 shares of the business's stock in a transaction 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.74% of the company's stock.

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.