Fiserv, Inc. (NYSE:FI) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC cut its holdings in shares of Fiserv, Inc. (NYSE:FI) by 34.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 718,007 shares of the business services provider’s stock after selling 384,821 shares during the quarter. Clearbridge Investments LLC owned about 0.13% of Fiserv worth $147,493,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Fiserv by 2,490,200.0% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 24,903 shares of the business services provider’s stock valued at $4,474,000 after purchasing an additional 24,902 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in Fiserv by 9.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 23,839 shares of the business services provider’s stock valued at $4,283,000 after buying an additional 2,100 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of Fiserv by 0.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 83,940 shares of the business services provider’s stock worth $15,076,000 after acquiring an additional 297 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Fiserv by 43.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 547,145 shares of the business services provider’s stock worth $98,295,000 after acquiring an additional 165,849 shares during the last quarter. Finally, Cobblestone Capital Advisors LLC NY purchased a new position in shares of Fiserv during the 3rd quarter worth $235,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Down 1.4 %

Shares of NYSE:FI opened at $216.15 on Monday. Fiserv, Inc. has a fifty-two week low of $145.98 and a fifty-two week high of $238.59. The firm’s 50 day moving average price is $222.00 and its 200 day moving average price is $208.17. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The stock has a market cap of $121.32 billion, a price-to-earnings ratio of 40.10, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating 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%. As a group, equities research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on FI shares. Susquehanna raised their price objective on shares of Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a research report on Monday, February 10th. Morgan Stanley raised their price target on shares of Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. BMO Capital Markets upped their price objective on Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Stephens raised their target price on Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, KeyCorp lifted their target price on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Fiserv currently has an average rating of “Buy” and an average target price of $242.32.

Insider Buying and Selling at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $53,637,326.05. This represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.75% of the stock is owned by insiders.

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.