FDx Advisors Inc. Decreases Stock Position in Fiserv, Inc. (NYSE:FI)

FDx Advisors Inc. decreased its stake in shares of Fiserv, Inc. (NYSE:FI) by 3.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,358 shares of the business services provider’s stock after selling 55 shares during the quarter. FDx Advisors Inc.’s holdings in Fiserv were worth $279,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Valley National Advisers Inc. purchased a new stake in shares of Fiserv during the 4th quarter worth $29,000. Compass Financial Services Inc acquired a new stake in Fiserv in the fourth quarter valued at $31,000. Kennebec Savings Bank purchased a new stake in Fiserv during the 3rd quarter worth about $40,000. Friedenthal Financial acquired a new position in shares of Fiserv during the 4th quarter worth about $49,000. Finally, Eastern Bank purchased a new position in shares of Fiserv in the 3rd quarter valued at about $50,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Performance

NYSE:FI opened at $232.47 on Friday. 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 has a market cap of $132.26 billion, a price-to-earnings ratio of 43.13, a price-to-earnings-growth ratio of 1.53 and a beta of 0.94. The firm’s fifty day moving average price is $213.81 and its 200 day moving average price is $198.28. Fiserv, Inc. has a 1-year low of $145.98 and a 1-year high of $237.99.

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

Fiserv declared that its board has authorized a share buyback program 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 programs are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts recently weighed in on FI shares. Tigress Financial boosted their target price on Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Susquehanna increased their target price on shares of Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a research report on Monday, February 10th. Barclays boosted their price target on shares of Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Finally, Keefe, Bruyette & Woods raised their price objective on Fiserv from $238.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Two analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $239.83.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the 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 owns 227,711 shares in the company, valued at approximately $53,637,326.05. This represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.