Hudson Edge Investment Partners Inc. Has $6.94 Million Holdings in Fiserv, Inc. (NYSE:FI)

Hudson Edge Investment Partners Inc. lessened its stake in shares of Fiserv, Inc. (NYSE:FI) by 9.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,776 shares of the business services provider’s stock after selling 3,480 shares during the period. Fiserv comprises 1.3% of Hudson Edge Investment Partners Inc.’s investment portfolio, making the stock its 14th largest holding. Hudson Edge Investment Partners Inc.’s holdings in Fiserv were worth $6,938,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of FI. Soros Capital Management LLC grew its stake in Fiserv by 71.7% during the 3rd quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock valued at $9,844,000 after acquiring an additional 22,884 shares in the last quarter. Czech National Bank grew its stake in Fiserv by 5.2% during the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock valued at $25,339,000 after acquiring an additional 6,072 shares in the last quarter. Chiron Investment Management LLC purchased a new position in Fiserv during the 3rd quarter valued at about $4,709,000. Trust Co. of Vermont grew its stake in Fiserv by 170.4% during the 4th quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock valued at $1,405,000 after acquiring an additional 4,310 shares in the last quarter. Finally, Cardano Risk Management B.V. bought a new stake in shares of Fiserv in the 4th quarter valued at approximately $97,254,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Stock Down 0.8 %

Shares of FI stock opened at $232.47 on Friday. Fiserv, Inc. has a 12 month low of $145.98 and a 12 month high of $237.99. The firm has a market cap of $132.26 billion, a PE ratio of 43.13, a price-to-earnings-growth ratio of 1.53 and a beta of 0.94. The stock has a 50 day moving average of $213.81 and a 200-day moving average of $198.28. 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 issued its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 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%. On average, equities analysts predict that Fiserv, Inc. will post 10.23 EPS for the current year.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on FI. 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. Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. KeyCorp boosted their price target on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Citigroup boosted their price target on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, Tigress Financial boosted their price target on Fiserv from $190.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Two analysts have 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 MarketBeat, Fiserv currently has an average rating of “Buy” and an average target price of $239.83.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the company’s 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 transaction, the chief operating officer now directly owns 227,711 shares in the company, valued at approximately $53,637,326.05. This represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.75% 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.