Egerton Capital UK LLP Has $477.52 Million Position in Fiserv, Inc. (NYSE:FI)

Egerton Capital UK LLP decreased its position in shares of Fiserv, Inc. (NYSE:FI) by 9.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,324,599 shares of the business services provider’s stock after selling 253,886 shares during the period. Fiserv accounts for 5.5% of Egerton Capital UK LLP’s investment portfolio, making the stock its 6th biggest holding. Egerton Capital UK LLP owned approximately 0.41% of Fiserv worth $477,519,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Marshall Investment Management LLC acquired a new position in shares of Fiserv during the fourth quarter valued at about $29,000. Valley National Advisers Inc. acquired a new position in shares of Fiserv during the fourth quarter valued at about $29,000. Compass Financial Services Inc acquired a new position in shares of Fiserv during the fourth quarter valued at about $31,000. Kennebec Savings Bank acquired a new position in shares of Fiserv during the third quarter valued at about $40,000. Finally, Knuff & Co LLC acquired a new position in shares of Fiserv during the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction 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 transaction, the chief operating officer now owns 227,711 shares of the company’s stock, valued at approximately $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.75% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

FI has been the subject of several recent research reports. Morgan Stanley increased their price target on shares of Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Royal Bank of Canada increased their price target on shares of Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. BMO Capital Markets increased their price objective on shares of Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Finally, The Goldman Sachs Group increased their price objective on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Three investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $239.83.

Fiserv Stock Down 0.3 %

Fiserv stock opened at $213.91 on Wednesday. The company has a market cap of $120.06 billion, a P/E ratio of 39.69, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. Fiserv, Inc. has a 1-year low of $145.98 and a 1-year high of $238.59. The company has a fifty day simple moving average of $218.65 and a 200 day simple moving average of $204.00. 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 released its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its Board of Directors has approved a share repurchase plan on Thursday, February 20th that permits the company to repurchase 60,000,000 shares. This repurchase authorization permits the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors 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.