Foyston Gordon & Payne Inc Has $19.48 Million Stock Position in Fiserv, Inc. (NYSE:FI)

Foyston Gordon & Payne Inc lowered its holdings in Fiserv, Inc. (NYSE:FI) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 94,816 shares of the business services provider’s stock after selling 1,182 shares during the period. Fiserv makes up about 5.2% of Foyston Gordon & Payne Inc’s holdings, making the stock its 5th biggest position. Foyston Gordon & Payne Inc’s holdings in Fiserv were worth $19,477,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Elefante Mark B purchased a new position in Fiserv during the 4th quarter valued at about $5,073,000. Ellevest Inc. lifted its stake in Fiserv by 1.9% in the fourth quarter. Ellevest Inc. now owns 4,594 shares of the business services provider’s stock worth $944,000 after acquiring an additional 84 shares during the period. Ethic Inc. boosted its holdings in Fiserv by 15.0% in the fourth quarter. Ethic Inc. now owns 102,023 shares of the business services provider’s stock valued at $20,958,000 after acquiring an additional 13,325 shares in the last quarter. Fiduciary Trust Co increased its position in Fiserv by 5.3% during the 4th quarter. Fiduciary Trust Co now owns 29,179 shares of the business services provider’s stock valued at $5,994,000 after purchasing an additional 1,470 shares during the period. Finally, FJ Capital Management LLC bought a new position in Fiserv in the 4th quarter worth $339,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Trading Up 1.5 %

Shares of FI stock opened at $184.09 on Friday. The stock’s 50-day moving average price is $206.23 and its 200-day moving average price is $211.04. Fiserv, Inc. has a 12-month low of $146.25 and a 12-month high of $238.59. The stock has a market capitalization of $102.07 billion, a price-to-earnings ratio of 34.15, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86.

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

Fiserv announced that its Board of Directors has initiated a share repurchase program on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FI shares. Susquehanna dropped their price objective on shares of Fiserv from $250.00 to $240.00 and set a “positive” rating on the stock in a research note on Friday, April 25th. Citigroup decreased their price objective on shares of Fiserv from $267.00 to $240.00 and set a “buy” rating for the company in a report on Friday, April 25th. Morgan Stanley reaffirmed an “overweight” rating and set a $268.00 price target (up previously from $267.00) on shares of Fiserv in a research report on Friday, April 25th. Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Finally, Monness Crespi & Hardt downgraded Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 target price on the stock. in a research report on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $230.00.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the firm’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 value of $10,599,750.00. Following the completion of the sale, the chief operating officer now directly owns 227,711 shares of the company’s stock, valued at $53,637,326.05. This trade represents a 16.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.74% of the stock is owned by company insiders.

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.