Generali Investments Towarzystwo Funduszy Inwestycyjnych Sells 200 Shares of Fiserv, Inc. (NYSE:FI)

Generali Investments Towarzystwo Funduszy Inwestycyjnych trimmed its position in Fiserv, Inc. (NYSE:FI) by 28.6% in the fourth quarter, Holdings Channel reports. The fund owned 500 shares of the business services provider’s stock after selling 200 shares during the quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in Fiserv were worth $103,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Valley National Advisers Inc. acquired a new stake in shares of Fiserv in the 4th quarter valued at about $29,000. Marshall Investment Management LLC bought a new position in shares of Fiserv during the 4th quarter worth approximately $29,000. Compass Financial Services Inc purchased a new stake in shares of Fiserv during the 4th quarter worth approximately $31,000. Kennebec Savings Bank purchased a new stake in shares of Fiserv during the 3rd quarter worth approximately $40,000. Finally, Friedenthal Financial purchased a new stake in shares of Fiserv during the 4th quarter worth approximately $49,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

NYSE FI opened at $231.85 on Friday. Fiserv, Inc. has a 52-week low of $145.98 and a 52-week high of $237.99. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The company has a market capitalization of $130.13 billion, a P/E ratio of 43.01, a P/E/G ratio of 1.52 and a beta of 0.94. The company has a fifty day moving average of $216.09 and a 200-day moving average of $200.29.

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

Fiserv announced that its board has authorized a stock repurchase program on Thursday, February 20th that allows the company to repurchase 60,000,000 shares. This repurchase authorization allows the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FI. BMO Capital Markets lifted their price objective on shares of Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods lifted their price objective on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Barclays lifted their price objective on shares of Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Susquehanna lifted their price objective on shares of Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a research note on Monday, February 10th. Finally, Citigroup lifted their price objective on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Three 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 data from MarketBeat, Fiserv has a consensus rating of “Moderate Buy” and an average target price of $239.83.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $235.55, for a total value of $10,599,750.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.75% of the stock is currently 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.