Curi RMB Capital LLC Sells 864 Shares of Fiserv, Inc. (NYSE:FI)

Curi RMB Capital LLC lowered its position in shares of Fiserv, Inc. (NYSE:FI) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,166 shares of the business services provider’s stock after selling 864 shares during the period. Curi RMB Capital LLC’s holdings in Fiserv were worth $8,867,000 as of its most recent SEC filing.

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

Insider Transactions at Fiserv

In related 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 value of $10,599,750.00. Following the sale, the chief operating officer now owns 227,711 shares in the company, valued at $53,637,326.05. This represents a 16.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

Shares of FI opened at $208.51 on Friday. Fiserv, Inc. has a one year low of $146.25 and a one year high of $238.59. The company has a 50-day simple moving average of $219.31 and a two-hundred day simple moving average of $211.50. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The firm has a market capitalization of $116.47 billion, a PE ratio of 38.68, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91.

Fiserv (NYSE:FI) last issued 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 return on equity of 17.93% and a net margin of 15.31%. On average, analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its board has approved a share repurchase program on Thursday, February 20th that authorizes the company to repurchase 60,000,000 outstanding shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FI. BMO Capital Markets boosted their price target on shares of Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Monness Crespi & Hardt lowered shares of Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 target price for the company. in a research report on Wednesday, April 9th. StockNews.com assumed coverage on Fiserv in a research report on Sunday, March 23rd. They set a “buy” rating on the stock. Wells Fargo & Company upped their price objective on Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Morgan Stanley increased their price objective on Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $234.79.

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.