Sentry Investment Management LLC Has $469,000 Holdings in Fiserv, Inc. (NYSE:FI)

Sentry Investment Management LLC lessened its position in shares of Fiserv, Inc. (NYSE:FI) by 14.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,282 shares of the business services provider’s stock after selling 372 shares during the period. Sentry Investment Management LLC’s holdings in Fiserv were worth $469,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. increased its position in Fiserv by 46.4% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 4,867 shares of the business services provider’s stock worth $874,000 after buying an additional 1,542 shares during the period. Allworth Financial LP boosted its position in shares of Fiserv by 11.9% in the third quarter. Allworth Financial LP now owns 4,808 shares of the business services provider’s stock valued at $864,000 after acquiring an additional 510 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Fiserv by 16.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 55,801 shares of the business services provider’s stock valued at $10,025,000 after acquiring an additional 7,817 shares in the last quarter. PFG Investments LLC increased its position in Fiserv by 2.7% during the third quarter. PFG Investments LLC now owns 2,807 shares of the business services provider’s stock worth $504,000 after acquiring an additional 73 shares during the period. Finally, Boston Trust Walden Corp raised its stake in Fiserv by 5.6% in the 3rd quarter. Boston Trust Walden Corp now owns 6,308 shares of the business services provider’s stock worth $1,133,000 after purchasing an additional 333 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods increased their target price on shares of Fiserv from $238.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. KeyCorp increased their price target on Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Morgan Stanley lifted their price objective on Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. The Goldman Sachs Group upped their target price on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Finally, Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $239.83.

Insider Buying and Selling

In other news, COO Guy Chiarello sold 45,000 shares of the firm’s 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 completion of the transaction, the chief operating officer now 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 accessible through the SEC website. 0.75% of the stock is owned by corporate insiders.

Fiserv Trading Down 0.2 %

NYSE FI opened at $231.83 on Tuesday. Fiserv, Inc. has a twelve month low of $145.98 and a twelve month high of $237.99. The business’s fifty day moving average is $214.38 and its 200 day moving average is $199.36. 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 market cap of $130.12 billion, a price-to-earnings ratio of 43.01, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating 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%. As a group, sell-side analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its Board of Directors has approved a stock buyback program 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. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Fiserv Company 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.