LRI Investments LLC Cuts Stake in Fiserv, Inc. (NYSE:FI)

LRI Investments LLC cut its holdings in shares of Fiserv, Inc. (NYSE:FI) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,344 shares of the business services provider’s stock after selling 82 shares during the period. Fiserv accounts for approximately 0.4% of LRI Investments LLC’s investment portfolio, making the stock its 29th biggest holding. LRI Investments LLC’s holdings in Fiserv were worth $4,179,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FI. Janus Henderson Group PLC grew its position in Fiserv by 38.1% during the 4th quarter. Janus Henderson Group PLC now owns 479,476 shares of the business services provider’s stock worth $98,566,000 after purchasing an additional 132,262 shares during the period. Kensico Capital Management Corp boosted its stake in shares of Fiserv by 6.8% in the fourth quarter. Kensico Capital Management Corp now owns 1,388,200 shares of the business services provider’s stock worth $285,164,000 after buying an additional 88,200 shares during the last quarter. Hudson Bay Capital Management LP grew its holdings in Fiserv by 31.0% during the fourth quarter. Hudson Bay Capital Management LP now owns 73,868 shares of the business services provider’s stock worth $15,174,000 after acquiring an additional 17,460 shares during the period. Guardian Wealth Advisors LLC NC raised its position in Fiserv by 114.9% during the fourth quarter. Guardian Wealth Advisors LLC NC now owns 3,005 shares of the business services provider’s stock valued at $617,000 after acquiring an additional 1,607 shares in the last quarter. Finally, Gen Wealth Partners Inc lifted its holdings in Fiserv by 21.5% in the fourth quarter. Gen Wealth Partners Inc now owns 4,154 shares of the business services provider’s stock valued at $853,000 after acquiring an additional 734 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of NYSE:FI opened at $184.09 on Monday. The company’s fifty day moving average is $206.23 and its two-hundred day moving average is $211.16. The company has a market cap of $102.07 billion, a P/E ratio of 34.15, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. Fiserv, Inc. has a 12-month low of $146.25 and a 12-month high of $238.59. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.06. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The firm had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. During the same quarter in the prior year, the business earned $1.88 EPS. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on FI shares. Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. StockNews.com assumed coverage on Fiserv in a research report on Sunday, March 23rd. They set a “buy” rating on the stock. Piper Sandler set a $218.00 price target on Fiserv in a report on Friday, April 25th. Monness Crespi & Hardt downgraded Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 price target on the stock. in a research report on Wednesday, April 9th. Finally, Barclays cut their price objective on Fiserv from $265.00 to $230.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $230.00.

Insiders Place Their Bets

In other 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 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. The trade was a 16.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.74% of the company’s stock.

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.