Fiserv, Inc. (NYSE:FI) Shares Purchased by Glenview Trust co

Glenview Trust co boosted its position in shares of Fiserv, Inc. (NYSE:FI) by 7.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 33,349 shares of the business services provider’s stock after acquiring an additional 2,307 shares during the quarter. Glenview Trust co’s holdings in Fiserv were worth $6,851,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Harbour Investments Inc. lifted its holdings in shares of Fiserv by 17.2% in the 4th quarter. Harbour Investments Inc. now owns 11,793 shares of the business services provider’s stock valued at $2,423,000 after buying an additional 1,729 shares during the period. Corient Private Wealth LLC raised its position in Fiserv by 4.5% during the fourth quarter. Corient Private Wealth LLC now owns 474,213 shares of the business services provider’s stock valued at $97,413,000 after acquiring an additional 20,535 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in Fiserv by 20.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 33,981 shares of the business services provider’s stock valued at $6,980,000 after acquiring an additional 5,727 shares during the period. Choate Investment Advisors boosted its position in Fiserv by 9.2% in the 4th quarter. Choate Investment Advisors now owns 172,655 shares of the business services provider’s stock worth $35,475,000 after purchasing an additional 14,546 shares in the last quarter. Finally, Frank Rimerman Advisors LLC grew its stake in shares of Fiserv by 50.6% during the 4th quarter. Frank Rimerman Advisors LLC now owns 8,905 shares of the business services provider’s stock worth $1,829,000 after purchasing an additional 2,993 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 2.6 %

Shares of NYSE:FI opened at $214.91 on Friday. Fiserv, Inc. has a fifty-two week low of $145.98 and a fifty-two week high of $238.59. 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 company has a market cap of $120.62 billion, a PE ratio of 39.87, a P/E/G ratio of 1.52 and a beta of 0.93. The company’s 50-day moving average price is $218.96 and its 200 day moving average price is $204.64.

Fiserv (NYSE:FI) last announced 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%. Sell-side analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its board has initiated a stock buyback program on Thursday, February 20th that authorizes the company to buyback 60,000,000 outstanding shares. This buyback authorization authorizes the business services provider to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other news, COO Guy Chiarello sold 45,000 shares of the business’s stock in a transaction 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 directly owns 227,711 shares of the company’s stock, valued at $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.75% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FI shares. Compass Point started coverage on shares of Fiserv in a research report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price objective for the company. Citigroup upped their price target on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Morgan Stanley raised their price objective on Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Susquehanna upped their target price on Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a research note on Monday, February 10th. Finally, StockNews.com cut shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and an average target price of $239.83.

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.