Fiserv, Inc. (NYSE:FI) Stock Holdings Decreased by Gotham Asset Management LLC

Gotham Asset Management LLC lessened its position in Fiserv, Inc. (NYSE:FI) by 22.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 70,865 shares of the business services provider’s stock after selling 21,037 shares during the quarter. Gotham Asset Management LLC’s holdings in Fiserv were worth $14,557,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of Fiserv by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 11,891,207 shares of the business services provider’s stock worth $2,435,280,000 after buying an additional 218,833 shares during the period. FMR LLC lifted its stake in Fiserv by 22.5% in the 4th quarter. FMR LLC now owns 11,568,895 shares of the business services provider’s stock worth $2,376,482,000 after acquiring an additional 2,126,419 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Fiserv by 16.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,030,889 shares of the business services provider’s stock valued at $1,649,705,000 after acquiring an additional 1,121,597 shares in the last quarter. Norges Bank acquired a new position in shares of Fiserv in the 4th quarter valued at about $1,406,452,000. Finally, Northern Trust Corp lifted its position in shares of Fiserv by 19.5% in the fourth quarter. Northern Trust Corp now owns 6,206,720 shares of the business services provider’s stock worth $1,274,984,000 after purchasing an additional 1,014,126 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Performance

NYSE FI opened at $184.09 on Friday. The company’s fifty day moving average is $206.23 and its two-hundred day moving average is $211.10. The firm has a market capitalization of $102.07 billion, a price-to-earnings ratio of 34.15, a P/E/G ratio of 1.52 and a beta of 0.97. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. Fiserv, Inc. has a 52-week low of $146.25 and a 52-week high of $238.59.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.06. The firm had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.88 earnings per share. Equities research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv declared that its Board of Directors has initiated a share buyback program on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FI shares. Citigroup dropped their price objective on shares of Fiserv from $267.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. UBS Group cut their price objective on Fiserv from $265.00 to $255.00 and set a “buy” rating for the company in a report on Friday, April 25th. Morgan Stanley restated an “overweight” rating and issued a $268.00 target price (up previously from $267.00) on shares of Fiserv in a research note on Friday, April 25th. Piper Sandler set a $218.00 price target on Fiserv in a report on Friday, April 25th. Finally, Stephens boosted their price target on Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $230.00.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the 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 completion of the transaction, the chief operating officer now owns 227,711 shares of the company’s stock, valued at $53,637,326.05. This represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.74% of the stock is currently owned by corporate 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.