Fiserv, Inc. (NYSE:FI) Stock Holdings Trimmed by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. cut its stake in shares of Fiserv, Inc. (NYSE:FI) by 27.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 294,120 shares of the business services provider’s stock after selling 111,870 shares during the quarter. Fiserv makes up 2.8% of Nippon Life Global Investors Americas Inc.’s holdings, making the stock its 9th biggest holding. Nippon Life Global Investors Americas Inc.’s holdings in Fiserv were worth $60,418,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Czech National Bank raised its holdings in shares of Fiserv by 5.2% in the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock worth $25,339,000 after purchasing an additional 6,072 shares during the period. Trust Co. of Vermont increased its position in Fiserv by 170.4% during the 4th quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock worth $1,405,000 after purchasing an additional 4,310 shares in the last quarter. Cardano Risk Management B.V. purchased a new position in Fiserv in the fourth quarter valued at approximately $97,254,000. Root Financial Partners LLC acquired a new position in Fiserv during the fourth quarter valued at approximately $257,000. Finally, World Investment Advisors LLC grew its stake in Fiserv by 1,469.7% during the third quarter. World Investment Advisors LLC now owns 55,802 shares of the business services provider’s stock worth $10,025,000 after buying an additional 52,247 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Trading Down 0.3 %

Fiserv stock opened at $207.93 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. Fiserv, Inc. has a 1 year low of $146.25 and a 1 year high of $238.59. The firm’s 50-day moving average is $218.91 and its 200-day moving average is $211.85. The company has a market cap of $116.14 billion, a P/E ratio of 38.58, a PEG ratio of 1.52 and a beta of 0.91.

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

Fiserv announced that its Board of Directors has authorized a stock repurchase plan on Thursday, February 20th that allows the company to buyback 60,000,000 outstanding shares. This buyback authorization allows the business services provider to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief operating officer now owns 227,711 shares in the company, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.75% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on FI shares. Barclays lifted their target price on shares of Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Keefe, Bruyette & Woods upped their price target on Fiserv from $238.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Stephens lifted their price objective on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Wells Fargo & Company upped their target price on shares of Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, KeyCorp boosted their price objective on shares of Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and an average price target of $234.79.

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.