Thematics Asset Management Reduces Stock Holdings in Fiserv, Inc. (NYSE:FI)

Thematics Asset Management lessened its holdings in Fiserv, Inc. (NYSE:FI) by 57.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 60,500 shares of the business services provider’s stock after selling 81,500 shares during the period. Thematics Asset Management’s holdings in Fiserv were worth $12,428,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in FI. Barclays PLC grew its stake in shares of Fiserv by 3.0% during the 3rd quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock valued at $302,737,000 after acquiring an additional 48,413 shares during the period. Invst LLC bought a new stake in shares of Fiserv during the 3rd quarter valued at $211,000. SkyView Investment Advisors LLC lifted its stake in shares of Fiserv by 4.4% during the 3rd quarter. SkyView Investment Advisors LLC now owns 5,275 shares of the business services provider’s stock valued at $948,000 after buying an additional 223 shares in the last quarter. Anchor Investment Management LLC boosted its holdings in Fiserv by 1.4% in the 3rd quarter. Anchor Investment Management LLC now owns 35,463 shares of the business services provider’s stock worth $6,371,000 after buying an additional 497 shares during the period. Finally, World Investment Advisors LLC raised its holdings 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 valued at $10,025,000 after acquiring an additional 52,247 shares during the period. 90.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FI shares. Redburn Atlantic reissued a “sell” rating and set a $150.00 target price on shares of Fiserv in a research note on Thursday. Wells Fargo & Company boosted their target price on shares of Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Monness Crespi & Hardt downgraded shares of Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 price target on the stock. in a report on Wednesday, April 9th. The Goldman Sachs Group upgraded Fiserv from a “neutral” rating to a “buy” rating and raised their price objective for the company from $246.00 to $260.00 in a research report on Wednesday, April 2nd. Finally, Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $234.79.

Fiserv Trading Down 0.8 %

Shares of FI opened at $208.51 on Friday. 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 price-to-earnings ratio of 38.68, a PEG ratio of 1.52 and a beta of 0.91. The company has a 50-day moving average of $219.31 and a 200 day moving average of $211.50. Fiserv, Inc. has a 1-year low of $146.25 and a 1-year high of $238.59.

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

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

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.75% of the stock is owned by company insiders.

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.