Natixis Advisors LLC Has $91.03 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Natixis Advisors LLC lowered its holdings in Fiserv, Inc. (NYSE:FI) by 4.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 443,124 shares of the business services provider’s stock after selling 19,013 shares during the quarter. Natixis Advisors LLC owned 0.08% of Fiserv worth $91,027,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Soros Capital Management LLC raised its stake in Fiserv by 71.7% during the 3rd 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 during the last quarter. Czech National Bank raised 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 buying an additional 6,072 shares during the last quarter. Chiron Investment Management LLC bought a new stake in shares of Fiserv in the third quarter valued at about $4,709,000. Trust Co. of Vermont grew its position in Fiserv by 170.4% during the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock worth $1,405,000 after buying an additional 4,310 shares in the last quarter. Finally, Cardano Risk Management B.V. acquired a new position in Fiserv in the 4th quarter valued at approximately $97,254,000. 90.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FI. Susquehanna boosted their price objective on Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a research report on Monday, February 10th. KeyCorp increased their price objective on shares of Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Morgan Stanley upped their target price on shares of Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. The Goldman Sachs Group raised their price target on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Finally, Compass Point began coverage on Fiserv in a report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price for the company. Three research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $239.83.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction dated 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 transaction, the chief operating officer now directly owns 227,711 shares in the company, valued at approximately $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.75% of the company’s stock.

Fiserv Price Performance

FI opened at $214.91 on Friday. The company has a fifty day moving average price of $218.96 and a two-hundred day moving average price of $204.64. The firm has a market capitalization of $120.62 billion, a PE ratio of 39.87, a P/E/G ratio of 1.52 and a beta of 0.93. 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.

Fiserv (NYSE:FI) last released its quarterly earnings data 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, analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv declared that its Board of Directors has authorized a share buyback plan on Thursday, February 20th that authorizes the company to repurchase 60,000,000 outstanding shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

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.