Prevail Innovative Wealth Advisors LLC Boosts Stock Position in Fiserv, Inc. (NYSE:FI)

Prevail Innovative Wealth Advisors LLC boosted its position in Fiserv, Inc. (NYSE:FI) by 6.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,739 shares of the business services provider’s stock after acquiring an additional 102 shares during the period. Prevail Innovative Wealth Advisors LLC’s holdings in Fiserv were worth $357,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of FI. Marshall Investment Management LLC purchased a new stake in Fiserv in the fourth quarter valued at about $29,000. Valley National Advisers Inc. purchased a new position in shares of Fiserv in the 4th quarter valued at approximately $29,000. Compass Financial Services Inc purchased a new position in shares of Fiserv in the 4th quarter valued at approximately $31,000. Campbell Capital Management Inc. purchased a new stake in Fiserv during the 4th quarter worth approximately $37,000. Finally, Knuff & Co LLC acquired a new position in Fiserv during the 4th quarter valued at approximately $45,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the business’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 transaction of $10,599,750.00. Following the transaction, the chief operating officer now directly owns 227,711 shares in the company, valued at $53,637,326.05. The trade was a 16.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Oppenheimer lifted their price objective on shares of Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. StockNews.com assumed coverage on Fiserv in a research note on Sunday, March 23rd. They set a “buy” rating on the stock. Susquehanna raised their price objective on Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a research note on Monday, February 10th. Morgan Stanley upped their target price on Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, Wells Fargo & Company raised their price target on shares of Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Fiserv has an average rating of “Buy” and a consensus price target of $242.32.

Fiserv Trading Down 1.4 %

Shares of Fiserv stock opened at $216.15 on Monday. 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, Inc. has a twelve month low of $145.98 and a twelve month high of $238.59. The firm has a market capitalization of $121.32 billion, a PE ratio of 40.10, a P/E/G ratio of 1.52 and a beta of 0.93. The firm’s 50-day moving average price is $222.00 and its 200 day moving average price is $208.17.

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 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%. On average, sell-side 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 stock buyback plan 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 plans are often an indication that the company’s leadership 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.