Addison Advisors LLC Lowers Holdings in Fiserv, Inc. (NYSE:FI)

Addison Advisors LLC lessened its stake in Fiserv, Inc. (NYSE:FI) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,159 shares of the business services provider’s stock after selling 238 shares during the quarter. Addison Advisors LLC’s holdings in Fiserv were worth $1,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of FI. Hennion & Walsh Asset Management Inc. raised its position in Fiserv by 46.4% in 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 last quarter. Allworth Financial LP raised its position in Fiserv by 11.9% in the 3rd quarter. Allworth Financial LP now owns 4,808 shares of the business services provider’s stock worth $864,000 after buying an additional 510 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Fiserv by 16.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 55,801 shares of the business services provider’s stock worth $10,025,000 after buying an additional 7,817 shares during the last quarter. PFG Investments LLC raised its position in Fiserv by 2.7% in the 3rd quarter. PFG Investments LLC now owns 2,807 shares of the business services provider’s stock worth $504,000 after buying an additional 73 shares during the last quarter. Finally, Boston Trust Walden Corp raised its position 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 buying an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on FI shares. Wells Fargo & Company upped their price target on shares of Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Oppenheimer upped their price target 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. Citigroup upped their price target on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. BMO Capital Markets upped their price target on shares of Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group upped their price target on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Two equities 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. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $239.83.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the sale, the chief operating officer now directly owns 227,711 shares of the company’s stock, valued at $53,637,326.05. This represents a 16.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.75% of the company’s stock.

Fiserv Trading Down 0.2 %

FI stock opened at $231.83 on Tuesday. Fiserv, Inc. has a 1-year low of $145.98 and a 1-year high of $237.99. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The company has a market capitalization of $130.12 billion, a price-to-earnings ratio of 43.01, a PEG ratio of 1.52 and a beta of 0.94. The business has a 50 day simple moving average of $214.38 and a two-hundred day simple moving average of $199.36.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. Research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its Board of Directors has initiated a stock buyback program on Thursday, February 20th that permits the company to buyback 60,000,000 outstanding shares. This buyback authorization permits the business services provider to purchase 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.

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.