Mill Capital Management LLC Sells 344 Shares of Fiserv, Inc. (NYSE:FI)

Mill Capital Management LLC reduced its holdings in Fiserv, Inc. (NYSE:FI) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 135,857 shares of the business services provider’s stock after selling 344 shares during the quarter. Fiserv comprises 2.2% of Mill Capital Management LLC’s investment portfolio, making the stock its 14th largest position. Mill Capital Management LLC’s holdings in Fiserv were worth $27,908,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Soros Capital Management LLC boosted its position in shares of Fiserv by 71.7% during the third quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider’s stock valued at $9,844,000 after purchasing an additional 22,884 shares in the last quarter. Czech National Bank boosted its position in shares of Fiserv by 5.2% during the fourth quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock valued at $25,339,000 after purchasing an additional 6,072 shares in the last quarter. Chiron Investment Management LLC bought a new stake in shares of Fiserv during the third quarter valued at approximately $4,709,000. Trust Co. of Vermont boosted its position in shares of Fiserv by 170.4% during the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock valued at $1,405,000 after purchasing an additional 4,310 shares in the last quarter. Finally, Cardano Risk Management B.V. bought a new stake in shares of Fiserv during the fourth quarter valued at approximately $97,254,000. 90.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FI has been the subject of a number of recent research reports. Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Oppenheimer lifted their price objective on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. The Goldman Sachs Group lifted their price objective on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Stephens lifted their price objective on Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada lifted their price objective on Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $239.83.

Fiserv Stock Performance

NYSE:FI opened at $218.01 on Monday. The stock has a 50-day simple moving average of $220.46 and a two-hundred day simple moving average of $206.46. Fiserv, Inc. has a 52-week low of $145.98 and a 52-week high of $238.59. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The firm has a market capitalization of $122.37 billion, a PE ratio of 40.45, a P/E/G ratio of 1.52 and a beta of 0.93.

Fiserv (NYSE:FI) last released its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share 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%. Analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv declared that its board has authorized a share repurchase program on Thursday, February 20th that allows the company to repurchase 60,000,000 shares. This repurchase authorization allows the business services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the company’s stock in a transaction dated 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 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 legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.75% of the company’s stock.

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.