Ossiam Cuts Stock Holdings in Fiserv, Inc. (NYSE:FI)

Ossiam reduced its stake in Fiserv, Inc. (NYSE:FI) by 11.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 357,618 shares of the business services provider’s stock after selling 48,216 shares during the quarter. Fiserv comprises approximately 2.4% of Ossiam’s portfolio, making the stock its 16th biggest holding. Ossiam owned approximately 0.06% of Fiserv worth $73,462,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FI. Valley National Advisers Inc. bought a new stake in Fiserv in the fourth quarter valued at approximately $29,000. Marshall Investment Management LLC purchased a new position in shares of Fiserv in the fourth quarter worth $29,000. Compass Financial Services Inc bought a new stake in Fiserv during the 4th quarter valued at $31,000. Campbell Capital Management Inc. purchased a new stake in Fiserv during the 4th quarter valued at $37,000. Finally, Knuff & Co LLC bought a new stake in Fiserv in the 4th quarter worth $45,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 45,000 shares of the business’s stock in a transaction dated 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 sale, the chief operating officer now directly owns 227,711 shares of the company’s stock, valued at approximately $53,637,326.05. The trade was a 16.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.75% of the stock is owned by company insiders.

Fiserv Price Performance

FI stock opened at $208.51 on Friday. Fiserv, Inc. has a 52-week low of $145.98 and a 52-week 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. The stock has a market cap of $116.47 billion, a price-to-earnings ratio of 38.68, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The business has a fifty day moving average of $219.31 and a two-hundred day moving average of $211.30.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 EPS 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, research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv declared that its Board of Directors has authorized a stock 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 purchase 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.

Analysts Set New Price Targets

A number of equities analysts recently commented on FI shares. KeyCorp upped their target price on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Citigroup raised their target price on shares of Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. StockNews.com started coverage on shares of Fiserv in a research report on Sunday, March 23rd. They set a “buy” rating on the stock. Stephens raised their price objective on shares of Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Susquehanna reduced their target price on Fiserv from $270.00 to $250.00 and set a “positive” rating on the stock in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and a consensus target price of $234.79.

Fiserv Company 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.