Richwood Investment Advisors LLC Has $310,000 Stock Position in Fiserv, Inc. (NYSE:FI)

Richwood Investment Advisors LLC lowered its stake in Fiserv, Inc. (NYSE:FI) by 9.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,510 shares of the business services provider’s stock after selling 165 shares during the quarter. Richwood Investment Advisors LLC’s holdings in Fiserv were worth $310,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Optimum Investment Advisors lifted its stake in shares of Fiserv by 1.6% in the 4th quarter. Optimum Investment Advisors now owns 4,790 shares of the business services provider’s stock valued at $984,000 after purchasing an additional 75 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of Fiserv in the 4th quarter valued at $781,000. KLP Kapitalforvaltning AS acquired a new position in shares of Fiserv in the 4th quarter valued at $43,330,000. Sei Investments Co. lifted its stake in shares of Fiserv by 57.6% in the 4th quarter. Sei Investments Co. now owns 959,157 shares of the business services provider’s stock valued at $197,031,000 after purchasing an additional 350,627 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Fiserv by 2.4% in the 4th quarter. American Century Companies Inc. now owns 745,481 shares of the business services provider’s stock valued at $153,137,000 after buying an additional 17,694 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Fiserv Trading Down 1.7 %

Shares of NYSE:FI opened at $218.01 on Friday. Fiserv, Inc. has a 52-week low of $145.98 and a 52-week high of $238.59. The company has a market capitalization of $122.37 billion, a P/E ratio of 40.45, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. The company has a 50-day simple moving average of $220.46 and a 200 day simple moving average of $206.23. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06.

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

Fiserv announced that its Board of Directors has initiated a stock buyback program on Thursday, February 20th that authorizes the company to buyback 60,000,000 shares. This buyback authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts recently commented on FI shares. Susquehanna upped their price objective on shares of Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a research report on Monday, February 10th. Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Oppenheimer upped their price objective on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Royal Bank of Canada upped their price objective on shares of Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $239.83.

Insider Activity at Fiserv

In other Fiserv 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 transaction of $10,599,750.00. Following the completion of the sale, the chief operating officer now directly owns 227,711 shares in the company, valued at $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.75% of the stock is currently owned by company insiders.

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.