Ensign Peak Advisors Inc Trims Stock Position in Fiserv, Inc. (NYSE:FI)

Ensign Peak Advisors Inc trimmed its holdings in Fiserv, Inc. (NYSE:FI) by 2.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 372,776 shares of the business services provider’s stock after selling 10,627 shares during the period. Ensign Peak Advisors Inc’s holdings in Fiserv were worth $76,576,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Marshall Investment Management LLC acquired a new stake in Fiserv during the fourth quarter worth about $29,000. Valley National Advisers Inc. acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $29,000. Compass Financial Services Inc purchased a new position in shares of Fiserv during the 4th quarter valued at approximately $31,000. Campbell Capital Management Inc. purchased a new stake in Fiserv during the fourth quarter worth $37,000. Finally, Quarry LP grew its position in Fiserv by 51.9% during the fourth quarter. Quarry LP now owns 205 shares of the business services provider’s stock valued at $42,000 after buying an additional 70 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the company’s stock in a transaction 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 completion of the transaction, the chief operating officer now owns 227,711 shares in the company, valued at approximately $53,637,326.05. This represents a 16.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.74% of the stock is owned by insiders.

Fiserv Price Performance

Fiserv stock opened at $184.09 on Friday. Fiserv, Inc. has a 52-week low of $146.25 and a 52-week high of $238.59. The company’s 50 day moving average is $206.23 and its two-hundred day moving average is $211.04. 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 firm has a market cap of $102.07 billion, a PE ratio of 34.15, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.06. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same period in the previous year, the company posted $1.88 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its Board of Directors has initiated a stock repurchase program on Thursday, February 20th that permits the company to buyback 60,000,000 outstanding shares. This buyback authorization permits the business services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FI. Stephens increased their target price on shares of Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. KeyCorp raised their price objective on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Susquehanna cut their price target on shares of Fiserv from $250.00 to $240.00 and set a “positive” rating for the company in a report on Friday, April 25th. Royal Bank of Canada set a $237.00 target price on shares of Fiserv in a research note on Friday, April 25th. Finally, Redburn Atlantic reaffirmed a “sell” rating and issued a $150.00 price target on shares of Fiserv in a research note on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Fiserv presently has an average rating of “Moderate Buy” and a consensus price target of $230.00.

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.