Royal London Asset Management Ltd. Trims Stake in Fiserv, Inc. (NYSE:FI)

Royal London Asset Management Ltd. decreased its position in shares of Fiserv, Inc. (NYSE:FI) by 1.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 255,247 shares of the business services provider’s stock after selling 4,017 shares during the period. Royal London Asset Management Ltd.’s holdings in Fiserv were worth $52,433,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Valley National Advisers Inc. bought a new stake in shares of Fiserv in the 4th quarter worth approximately $29,000. Marshall Investment Management LLC bought a new stake in shares of Fiserv in the 4th quarter worth approximately $29,000. Compass Financial Services Inc bought a new stake in shares of Fiserv in the 4th quarter worth approximately $31,000. Campbell Capital Management Inc. bought a new stake in shares of Fiserv in the 4th quarter worth approximately $37,000. Finally, Knuff & Co LLC bought a new stake in shares of Fiserv in the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods boosted their price target on Fiserv from $238.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Barclays upped their price objective on Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. BMO Capital Markets upped their price objective on Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Stephens upped their price objective on Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Morgan Stanley upped 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. Three investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and an average price target of $239.83.

Fiserv Trading Up 0.6 %

NYSE:FI opened at $221.77 on Friday. Fiserv, Inc. has a one year low of $145.98 and a one year high of $238.59. 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 $124.48 billion, a price-to-earnings ratio of 41.15, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. The business has a fifty day moving average price of $220.11 and a 200-day moving average price of $205.70.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv declared that its Board of Directors has authorized a share buyback plan on Thursday, February 20th that permits the company to buyback 60,000,000 shares. This buyback authorization permits the business services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the stock in a transaction 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 completion of the sale, 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 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.