Fiserv, Inc. (NYSE:FI) Shares Sold by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV lowered its stake in shares of Fiserv, Inc. (NYSE:FI) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,870 shares of the business services provider’s stock after selling 1,561 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Fiserv were worth $14,945,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Marshall Investment Management LLC acquired a new stake in shares of Fiserv during the fourth quarter worth approximately $29,000. Valley National Advisers Inc. acquired a new stake in shares of Fiserv during the fourth quarter worth approximately $29,000. Compass Financial Services Inc acquired a new stake in shares of Fiserv during the fourth quarter worth approximately $31,000. Campbell Capital Management Inc. bought a new position in Fiserv during the fourth quarter worth $37,000. Finally, Quarry LP lifted its stake in Fiserv by 51.9% during the fourth quarter. Quarry LP now owns 205 shares of the business services provider’s stock worth $42,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FI shares. StockNews.com started coverage on Fiserv in a research note on Sunday, March 23rd. They set a “buy” rating on the stock. Royal Bank of Canada set a $237.00 price objective on Fiserv in a research note on Friday, April 25th. Susquehanna reduced their price objective on Fiserv from $250.00 to $240.00 and set a “positive” rating on the stock in a research note on Friday, April 25th. BMO Capital Markets reduced their price objective on Fiserv from $254.00 to $232.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Finally, The Goldman Sachs Group upgraded Fiserv from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $246.00 to $260.00 in a research note on Wednesday, April 2nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and a consensus target price of $230.00.

Insider Activity

In related 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 of the company’s stock, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.74% of the company’s stock.

Fiserv Price Performance

Shares of FI opened at $189.76 on Thursday. The firm has a market capitalization of $105.21 billion, a price-to-earnings ratio of 35.21, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. 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, Inc. has a one year low of $146.25 and a one year high of $238.59. The stock’s fifty day moving average is $204.31 and its 200-day moving average is $210.78.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.06. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $1.88 earnings per share. Equities analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv declared that its board has initiated a share repurchase 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 repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Fiserv Company 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.