Fiserv, Inc. (NYSE:FI) Shares Sold by Geller Advisors LLC

Geller Advisors LLC lessened its holdings in Fiserv, Inc. (NYSE:FI) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,610 shares of the business services provider’s stock after selling 72 shares during the period. Geller Advisors LLC’s holdings in Fiserv were worth $536,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Gen Wealth Partners Inc boosted its position in Fiserv by 21.5% in the 4th quarter. Gen Wealth Partners Inc now owns 4,154 shares of the business services provider’s stock valued at $853,000 after buying an additional 734 shares during the last quarter. Focus Partners Wealth grew its position in shares of Fiserv by 6.3% during the fourth quarter. Focus Partners Wealth now owns 41,025 shares of the business services provider’s stock worth $8,427,000 after buying an additional 2,432 shares in the last quarter. Elefante Mark B acquired a new stake in Fiserv in the fourth quarter valued at $5,073,000. Ellevest Inc. grew its holdings in Fiserv by 1.9% during the 4th quarter. Ellevest Inc. now owns 4,594 shares of the business services provider’s stock worth $944,000 after acquiring an additional 84 shares in the last quarter. Finally, Ethic Inc. raised its stake in shares of Fiserv by 15.0% in the 4th quarter. Ethic Inc. now owns 102,023 shares of the business services provider’s stock valued at $20,958,000 after purchasing an additional 13,325 shares in the last quarter. 90.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FI. Redburn Atlantic reissued a “sell” rating and issued a $150.00 price objective on shares of Fiserv in a report on Thursday, April 17th. Piper Sandler set a $218.00 price objective on shares of Fiserv in a research note on Friday, April 25th. BMO Capital Markets cut their price objective on shares of Fiserv from $254.00 to $232.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Barclays decreased their target price on shares of Fiserv from $265.00 to $230.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Finally, Wells Fargo & Company lifted their price target on Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $230.00.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 45,000 shares of the firm’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 value of $10,599,750.00. Following the transaction, the chief operating officer now directly 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.74% of the stock is currently owned by corporate insiders.

Fiserv Trading Up 1.5 %

Shares of NYSE:FI opened at $184.09 on Friday. Fiserv, Inc. has a 12-month low of $146.25 and a 12-month 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 firm has a market capitalization of $102.07 billion, a P/E ratio of 34.15, a price-to-earnings-growth ratio of 1.52 and a beta of 0.97. The firm has a fifty day moving average of $206.23 and a two-hundred day moving average of $211.04.

Fiserv (NYSE:FI) last issued its earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.06. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.86 billion. During the same quarter in the previous year, the company posted $1.88 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its board has initiated a share repurchase plan on Thursday, February 20th that permits the company to repurchase 60,000,000 outstanding shares. This repurchase authorization permits the business services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

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.