Fiserv, Inc. (NYSE:FI) Shares Sold by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC lessened its holdings in Fiserv, Inc. (NYSE:FI) by 0.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 660,489 shares of the business services provider’s stock after selling 323 shares during the quarter. Fiserv makes up about 2.5% of Crestwood Advisors Group LLC’s investment portfolio, making the stock its 6th largest holding. Crestwood Advisors Group LLC owned about 0.12% of Fiserv worth $135,678,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of FI. Valley National Advisers Inc. acquired a new position in shares of Fiserv in the 4th quarter valued at about $29,000. Marshall Investment Management LLC acquired a new position in shares of Fiserv during the fourth quarter valued at $29,000. Compass Financial Services Inc acquired a new position in Fiserv during the 4th quarter valued at about $31,000. Kennebec Savings Bank acquired a new position in Fiserv during the 3rd quarter valued at about $40,000. Finally, Friedenthal Financial acquired a new position in Fiserv during the 4th quarter valued at about $49,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the stock in a transaction that occurred on 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 sale, the chief operating officer now owns 227,711 shares in the company, valued at $53,637,326.05. This represents a 16.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.75% of the stock is owned by insiders.

Fiserv Stock Down 0.8 %

Shares of NYSE:FI opened at $232.47 on Monday. 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 company has a market cap of $132.26 billion, a PE ratio of 43.13, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. Fiserv, Inc. has a 52 week low of $145.98 and a 52 week high of $237.99. The firm has a 50 day simple moving average of $213.81 and a 200 day simple moving average of $198.86.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (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, research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its board has authorized a share buyback program on Thursday, February 20th that permits the company to buyback 60,000,000 shares. This buyback authorization permits 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 board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Stephens boosted their price objective on Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Oppenheimer boosted their price target on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Susquehanna upped their price objective on shares of Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a report on Monday, February 10th. Morgan Stanley upped their price objective on shares of Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, BMO Capital Markets upped their price target on shares of Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $239.83.

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.