UNIVEST FINANCIAL Corp Sells 149 Shares of Fiserv, Inc. (NYSE:FI)

UNIVEST FINANCIAL Corp lowered its holdings in Fiserv, Inc. (NYSE:FI) by 11.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,099 shares of the business services provider’s stock after selling 149 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in Fiserv were worth $226,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Valley National Advisers Inc. bought a new position in Fiserv in the fourth quarter worth about $29,000. Marshall Investment Management LLC bought a new position in shares of Fiserv in the 4th quarter worth approximately $29,000. Compass Financial Services Inc purchased a new position in shares of Fiserv in the 4th quarter valued at approximately $31,000. Campbell Capital Management Inc. bought a new stake in shares of Fiserv during the fourth quarter valued at approximately $37,000. Finally, Knuff & Co LLC purchased a new stake in Fiserv in the fourth quarter worth $45,000. 90.98% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the transaction, the chief operating officer now owns 227,711 shares in the company, valued at $53,637,326.05. This trade represents a 16.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.75% of the company’s stock.

Fiserv Stock Down 1.1 %

FI opened at $219.32 on Friday. The stock has a market capitalization of $123.10 billion, a price-to-earnings ratio of 40.69, a PEG ratio of 1.52 and a beta of 0.93. The firm has a 50 day moving average price of $221.85 and a 200-day moving average price of $207.36. Fiserv, Inc. has a twelve month low of $145.98 and a twelve month high of $238.59. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI) last announced its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Equities research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv declared that its board has authorized a stock buyback 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 repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FI. Wells Fargo & Company boosted their target price on shares of Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Citigroup boosted their price objective on shares of Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. The Goldman Sachs Group lifted their target price on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Finally, Morgan Stanley upped their price target on Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Two 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 stock. According to data from MarketBeat.com, Fiserv currently has an average rating of “Buy” and an average price target of $242.32.

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.