Hel Ved Capital Management Ltd Lowers Stock Position in Fiserv, Inc. (NYSE:FI)

Hel Ved Capital Management Ltd trimmed its stake in Fiserv, Inc. (NYSE:FI) by 17.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,750 shares of the business services provider’s stock after selling 2,500 shares during the period. Hel Ved Capital Management Ltd’s holdings in Fiserv were worth $2,414,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. IHT Wealth Management LLC lifted its position in shares of Fiserv by 31.7% during the third quarter. IHT Wealth Management LLC now owns 3,056 shares of the business services provider’s stock worth $551,000 after purchasing an additional 735 shares in the last quarter. Royal London Asset Management Ltd. boosted its position in Fiserv by 3.7% in the 3rd quarter. Royal London Asset Management Ltd. now owns 259,264 shares of the business services provider’s stock valued at $46,577,000 after buying an additional 9,274 shares during the period. Quantinno Capital Management LP grew its stake in shares of Fiserv by 19.6% in the third quarter. Quantinno Capital Management LP now owns 40,972 shares of the business services provider’s stock worth $7,361,000 after acquiring an additional 6,722 shares in the last quarter. Stifel Financial Corp increased its position in shares of Fiserv by 10.5% during the third quarter. Stifel Financial Corp now owns 279,469 shares of the business services provider’s stock worth $50,207,000 after acquiring an additional 26,459 shares during the period. Finally, Sora Investors LLC purchased a new position in Fiserv in the third quarter valued at $8,131,000. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Price Performance

Shares of NYSE:FI opened at $198.77 on Friday. 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 company has a 50-day moving average price of $222.85 and a 200 day moving average price of $209.18. The company has a market cap of $111.57 billion, a P/E ratio of 36.88, a PEG ratio of 1.52 and a beta of 0.91. Fiserv, Inc. has a 52 week low of $145.98 and a 52 week high of $238.59.

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

Fiserv announced that its board has initiated a stock repurchase program on Thursday, February 20th that allows the company to buyback 60,000,000 shares. This buyback authorization allows the business services provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 227,711 shares of the company’s stock, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on FI shares. The Goldman Sachs Group raised Fiserv from a “neutral” rating to a “buy” rating and increased their price target for the company from $246.00 to $260.00 in a research report on Wednesday. Oppenheimer lifted their price target on shares of Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. BMO Capital Markets increased their price objective on shares of Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, Barclays boosted their target price on shares of Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $243.64.

Fiserv Profile

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.