1,176 Shares in Fiserv, Inc. (NYSE:FI) Purchased by FourThought Financial Partners LLC

FourThought Financial Partners LLC purchased a new stake in shares of Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,176 shares of the business services provider’s stock, valued at approximately $242,000.

Several other large investors have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. acquired a new position in shares of Fiserv in the 4th quarter valued at $29,000. Marshall Investment Management LLC bought a new stake in Fiserv in the fourth quarter valued at about $29,000. Compass Financial Services Inc acquired a new position in Fiserv in the fourth quarter worth about $31,000. Kennebec Savings Bank bought a new position in Fiserv during the third quarter worth about $40,000. Finally, Friedenthal Financial acquired a new stake in Fiserv during the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

FI has been the subject of a number of recent research reports. Royal Bank of Canada increased their target price on Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Keefe, Bruyette & Woods upped their price target on Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Compass Point began coverage on Fiserv in a report on Wednesday, November 20th. They set a “buy” rating and a $278.00 price objective for the company. The Goldman Sachs Group upped their target price on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. 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 analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Fiserv has a consensus rating of “Moderate Buy” and an average target price of $239.83.

Fiserv Price Performance

Fiserv stock opened at $229.58 on Thursday. The business’s 50-day simple moving average is $215.50 and its 200 day simple moving average is $200.07. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The stock has a market cap of $128.86 billion, a price-to-earnings ratio of 42.59, a P/E/G ratio of 1.52 and a beta of 0.94. Fiserv, Inc. has a 12-month low of $145.98 and a 12-month high of $237.99.

Fiserv (NYSE:FI) last released 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%. As a group, research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $235.55, for a total transaction of $10,599,750.00. Following the completion of the sale, the chief operating officer now owns 227,711 shares in the company, valued at approximately $53,637,326.05. The trade was a 16.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.75% of the company’s stock.

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.