Pinnacle Wealth Planning Services Inc. Has $266,000 Stock Holdings in Fiserv, Inc. (NYSE:FI)

Pinnacle Wealth Planning Services Inc. lessened its holdings in shares of Fiserv, Inc. (NYSE:FI) by 48.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,296 shares of the business services provider’s stock after selling 1,220 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Fiserv were worth $266,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of FI. Valley National Advisers Inc. acquired a new stake in Fiserv during the 4th quarter worth $29,000. Marshall Investment Management LLC acquired a new stake in Fiserv during the 4th quarter worth $29,000. Compass Financial Services Inc acquired a new stake in Fiserv during the 4th quarter worth $31,000. Kennebec Savings Bank acquired a new stake in Fiserv during the 3rd quarter worth $40,000. Finally, Friedenthal Financial acquired a new stake in Fiserv during the 4th quarter worth $49,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Activity

In other news, COO Guy Chiarello sold 45,000 shares of the company’s stock in a transaction dated 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 sale, the chief operating officer now directly owns 227,711 shares of the company’s stock, valued at approximately $53,637,326.05. This 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. 0.75% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on FI shares. Susquehanna lifted their target price on shares of Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a report on Monday, February 10th. Wells Fargo & Company boosted their price target on shares of Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Keefe, Bruyette & Woods boosted their price target on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Compass Point assumed coverage on shares of Fiserv in a report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price target for the company. Finally, Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $239.83.

Fiserv Trading Down 0.9 %

Shares of NYSE:FI opened at $218.04 on Friday. The company’s 50-day moving average price is $218.31 and its two-hundred day moving average price is $202.88. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. Fiserv, Inc. has a one year low of $145.98 and a one year high of $238.59. The stock has a market capitalization of $122.38 billion, a PE ratio of 40.45, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) 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%. On average, equities analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its Board of Directors has approved 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 reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

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.