Fiserv, Inc. (NYSE:FI) Shares Sold by Oxford Financial Group LTD. LLC

Oxford Financial Group LTD. LLC trimmed its holdings in Fiserv, Inc. (NYSE:FI) by 24.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,705 shares of the business services provider’s stock after selling 551 shares during the quarter. Oxford Financial Group LTD. LLC’s holdings in Fiserv were worth $350,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently 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 $29,000. Valley National Advisers Inc. acquired a new stake in Fiserv during the 4th quarter worth about $29,000. Compass Financial Services Inc purchased a new stake in Fiserv during the fourth quarter valued at about $31,000. Campbell Capital Management Inc. acquired a new position in shares of Fiserv in the fourth quarter worth about $37,000. Finally, Knuff & Co LLC purchased a new position in shares of Fiserv in the fourth quarter worth approximately $45,000. Institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Fiserv from $238.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Citigroup raised their target price on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Morgan Stanley lifted their target price on Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, Susquehanna upped their target price on Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a report on Monday, February 10th. Three analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $239.83.

Fiserv Price Performance

NYSE FI opened at $218.01 on Friday. The stock has a market capitalization of $122.37 billion, a PE ratio of 40.45, a P/E/G ratio of 1.52 and a beta of 0.93. The stock has a 50-day simple moving average of $220.46 and a 200 day simple moving average of $206.01. 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 twelve month low of $145.98 and a twelve month high of $238.59.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating 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 year.

Fiserv announced that its board has authorized a share buyback program on Thursday, February 20th that allows the company to buyback 60,000,000 outstanding shares. This buyback authorization allows the business services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other news, COO Guy Chiarello sold 45,000 shares of Fiserv 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.75% of the company’s stock.

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.