Fiserv, Inc. (NYSE:FI) Shares Sold by Passumpsic Savings Bank

Passumpsic Savings Bank reduced its stake in shares of Fiserv, Inc. (NYSE:FI) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,328 shares of the business services provider’s stock after selling 366 shares during the period. Fiserv makes up approximately 1.7% of Passumpsic Savings Bank’s investment portfolio, making the stock its 26th biggest holding. Passumpsic Savings Bank’s holdings in Fiserv were worth $2,738,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Soros Capital Management LLC raised its holdings in shares of Fiserv by 71.7% during the third quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock worth $9,844,000 after purchasing an additional 22,884 shares during the last quarter. Czech National Bank raised its holdings in shares of Fiserv by 5.2% during the fourth 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 last quarter. Chiron Investment Management LLC purchased a new position in shares of Fiserv during the third quarter worth $4,709,000. Trust Co. of Vermont increased its holdings in Fiserv by 170.4% in the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock valued at $1,405,000 after buying an additional 4,310 shares in the last quarter. Finally, Cardano Risk Management B.V. purchased a new position in Fiserv in the fourth quarter valued at $97,254,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Performance

FI opened at $232.47 on Friday. The firm has a market capitalization of $132.26 billion, a PE ratio of 43.13, a PEG ratio of 1.53 and a beta of 0.94. Fiserv, Inc. has a twelve month low of $145.98 and a twelve month high of $237.99. The firm’s 50-day moving average price is $213.81 and its 200 day moving average price is $198.28. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI) last posted its earnings results 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%. As a group, sell-side analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its board has authorized a stock repurchase plan on Thursday, February 20th that permits the company to repurchase 60,000,000 outstanding shares. This repurchase authorization permits the business services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of research firms have weighed in on FI. Citigroup lifted their price objective on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Susquehanna lifted their price objective on shares of Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a report on Monday, February 10th. Stephens lifted their price objective on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Tigress Financial lifted their price objective on shares of Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Finally, Compass Point started coverage on shares of Fiserv in a report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price objective for the company. Two analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $239.83.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the business’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 227,711 shares in the company, valued at $53,637,326.05. The trade was a 16.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.75% of the stock is currently 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.