Edmond DE Rothschild Holding S.A. Has $712,000 Stake in Fiserv, Inc. (NYSE:FI)

Edmond DE Rothschild Holding S.A. lessened its holdings in shares of Fiserv, Inc. (NYSE:FI) by 97.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,468 shares of the business services provider’s stock after selling 125,305 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Fiserv were worth $712,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FI. Public Sector Pension Investment Board raised its stake in shares of Fiserv by 9.7% in the third quarter. Public Sector Pension Investment Board now owns 23,839 shares of the business services provider’s stock worth $4,283,000 after acquiring an additional 2,100 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Fiserv by 8,027.3% in the third quarter. Benjamin Edwards Inc. now owns 11,622 shares of the business services provider’s stock valued at $2,088,000 after purchasing an additional 11,479 shares in the last quarter. Hilltop Holdings Inc. raised its position in Fiserv by 47.5% in the 3rd quarter. Hilltop Holdings Inc. now owns 4,813 shares of the business services provider’s stock worth $865,000 after purchasing an additional 1,549 shares during the last quarter. Investment Management Corp of Ontario lifted its holdings in Fiserv by 32.9% during the 3rd quarter. Investment Management Corp of Ontario now owns 25,443 shares of the business services provider’s stock worth $4,571,000 after buying an additional 6,300 shares in the last quarter. Finally, IHT Wealth Management LLC boosted its position in Fiserv by 31.7% in the 3rd quarter. IHT Wealth Management LLC now owns 3,056 shares of the business services provider’s stock valued at $551,000 after buying an additional 735 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

Shares of FI opened at $221.98 on Wednesday. The firm’s 50 day moving average price is $222.51 and its two-hundred day moving average price is $208.84. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. Fiserv, Inc. has a twelve month low of $145.98 and a twelve month high of $238.59. The firm has a market cap of $124.59 billion, a P/E ratio of 41.18, a PEG ratio of 1.52 and a beta of 0.93.

Fiserv (NYSE:FI) last announced its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share 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%. On average, analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its Board of Directors has approved a stock repurchase plan on Thursday, February 20th that authorizes the company to buyback 60,000,000 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 believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages have recently issued reports on FI. Keefe, Bruyette & Woods upped their price target on Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Citigroup upped their target price on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Morgan Stanley lifted their price target on shares of Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. KeyCorp boosted their price target on shares of Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group lifted their target price on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Two investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $242.32.

Insider Buying and Selling

In other news, COO Guy Chiarello sold 45,000 shares of the stock in a transaction dated 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 in the company, valued at $53,637,326.05. This represents a 16.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.75% of the stock is owned by corporate insiders.

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.