DF Dent & Co. Inc. Sells 200 Shares of Fiserv, Inc. (NYSE:FI)

DF Dent & Co. Inc. trimmed its holdings in shares of Fiserv, Inc. (NYSE:FI) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,545 shares of the business services provider’s stock after selling 200 shares during the period. DF Dent & Co. Inc.’s holdings in Fiserv were worth $7,096,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of FI. Valley National Advisers Inc. acquired a new position in Fiserv during the fourth quarter worth $29,000. Marshall Investment Management LLC acquired a new position in shares of Fiserv during the 4th quarter worth about $29,000. Compass Financial Services Inc bought a new stake in shares of Fiserv in the 4th quarter valued at about $31,000. Campbell Capital Management Inc. acquired a new stake in Fiserv in the 4th quarter valued at about $37,000. Finally, Knuff & Co LLC acquired a new stake in Fiserv in the 4th quarter valued at about $45,000. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $235.55, for a total value of $10,599,750.00. Following the completion of the transaction, the chief operating officer now directly owns 227,711 shares in the company, valued at approximately $53,637,326.05. This represents a 16.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.75% of the company’s stock.

Fiserv Trading Up 2.0 %

Shares of FI opened at $226.39 on Thursday. Fiserv, Inc. has a 1-year low of $145.98 and a 1-year high of $238.59. The company has a market capitalization of $127.07 billion, a P/E ratio of 42.00, a P/E/G ratio of 1.52 and a beta of 0.93. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The firm’s 50 day simple moving average is $222.85 and its 200 day simple moving average is $208.96.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Sell-side analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its Board of Directors has initiated a stock buyback program on Thursday, February 20th that permits the company to repurchase 60,000,000 shares. This repurchase authorization permits the business services provider to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FI. Oppenheimer upped their price objective on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Barclays increased their price target on Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Stephens lifted their price objective on shares of Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. StockNews.com began coverage on shares of Fiserv in a research note on Sunday, March 23rd. They set a “buy” rating for the company. Finally, Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. One research analyst has rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $243.64.

About Fiserv

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.