Wambolt & Associates LLC Sells 52 Shares of Fiserv, Inc. (NYSE:FI)

Wambolt & Associates LLC decreased its stake in shares of Fiserv, Inc. (NYSE:FI) by 1.8% in the 4th quarter, Holdings Channel reports. The fund owned 2,777 shares of the business services provider’s stock after selling 52 shares during the quarter. Wambolt & Associates LLC’s holdings in Fiserv were worth $570,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in FI. Florida Financial Advisors LLC bought a new position in shares of Fiserv in the fourth quarter valued at $245,000. Meiji Yasuda Asset Management Co Ltd. increased its position in Fiserv by 6.2% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 11,412 shares of the business services provider’s stock worth $2,344,000 after buying an additional 666 shares during the last quarter. Zions Bancorporation N.A. raised its stake in Fiserv by 201.5% in the fourth quarter. Zions Bancorporation N.A. now owns 2,141 shares of the business services provider’s stock valued at $440,000 after buying an additional 1,431 shares during the period. TIAA Trust National Association lifted its position in shares of Fiserv by 7.4% in the fourth quarter. TIAA Trust National Association now owns 13,931 shares of the business services provider’s stock valued at $2,862,000 after buying an additional 958 shares during the last quarter. Finally, FineMark National Bank & Trust lifted its holdings in Fiserv by 1.4% during the 4th quarter. FineMark National Bank & Trust now owns 84,637 shares of the business services provider’s stock valued at $17,386,000 after purchasing an additional 1,166 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 1.7 %

FI opened at $221.90 on Tuesday. The stock has a market cap of $124.55 billion, a PE ratio of 41.17, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. 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 company has a fifty day moving average of $220.87 and a 200-day moving average of $206.81. Fiserv, Inc. has a twelve month low of $145.98 and a twelve month high of $238.59.

Fiserv (NYSE:FI) last released its quarterly earnings data 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 predict that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its board has approved a stock buyback plan on Thursday, February 20th that permits the company to repurchase 60,000,000 shares. This repurchase authorization permits the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms have weighed in on FI. Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. The Goldman Sachs Group lifted their price objective on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Keefe, Bruyette & Woods boosted their price target on Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Citigroup increased their target price on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Finally, 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. Three analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $239.83.

Insider Activity

In other news, COO Guy Chiarello sold 45,000 shares of the firm’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 value of $10,599,750.00. Following the transaction, the chief operating officer now owns 227,711 shares in the company, valued at $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.75% 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.