Todd Asset Management LLC Has $45.17 Million Position in Fiserv, Inc. (NYSE:FI)

Todd Asset Management LLC reduced its stake in shares of Fiserv, Inc. (NYSE:FI) by 15.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 219,895 shares of the business services provider’s stock after selling 41,463 shares during the quarter. Fiserv accounts for 1.1% of Todd Asset Management LLC’s portfolio, making the stock its 29th largest position. Todd Asset Management LLC’s holdings in Fiserv were worth $45,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in the business. FourThought Financial Partners LLC bought a new stake in shares of Fiserv during the fourth quarter worth $242,000. Bank of New York Mellon Corp grew its holdings in shares of Fiserv by 4.7% during the fourth quarter. Bank of New York Mellon Corp now owns 3,711,072 shares of the business services provider’s stock worth $762,328,000 after purchasing an additional 164,949 shares during the last quarter. Prasad Wealth Partners LLC bought a new stake in shares of Fiserv during the fourth quarter worth $891,000. BankPlus Trust Department bought a new position in Fiserv in the fourth quarter valued at about $1,453,000. Finally, IFP Advisors Inc boosted its holdings in Fiserv by 3.0% in the fourth quarter. IFP Advisors Inc now owns 7,642 shares of the business services provider’s stock valued at $1,570,000 after acquiring an additional 224 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction 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. The trade was a 16.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

FI opened at $231.83 on Tuesday. The business has a fifty day simple moving average of $214.38 and a 200 day simple moving average of $199.36. The company has a market capitalization of $130.12 billion, a PE ratio of 43.01, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. Fiserv, Inc. has a 1 year low of $145.98 and a 1 year high of $237.99. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. Research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its board has approved a share repurchase 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 buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

FI has been the topic of several recent research reports. Citigroup raised their price target on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. BMO Capital Markets raised their price target 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 price target on Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Oppenheimer raised their price target on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Finally, Tigress Financial raised their price target on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Two analysts have rated the stock with 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, the stock has an average rating of “Buy” and a consensus price target of $239.83.

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.