975 Shares in Fiserv, Inc. (NYSE:FI) Bought by Financial Council LLC

Financial Council LLC acquired a new position in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 975 shares of the business services provider’s stock, valued at approximately $200,000.

A number of other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in shares of Fiserv by 4.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,782 shares of the business services provider’s stock worth $1,398,000 after buying an additional 326 shares during the last quarter. Fullcircle Wealth LLC bought a new position in shares of Fiserv in the third quarter worth about $209,000. Optas LLC boosted its stake in shares of Fiserv by 1.7% in the 3rd quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock valued at $578,000 after purchasing an additional 54 shares in the last quarter. Conning Inc. grew its holdings in shares of Fiserv by 6.6% during the 3rd quarter. Conning Inc. now owns 4,463 shares of the business services provider’s stock valued at $802,000 after purchasing an additional 276 shares during the last quarter. Finally, Angeles Wealth Management LLC increased its position in Fiserv by 22.1% during the 3rd quarter. Angeles Wealth Management LLC now owns 2,559 shares of the business services provider’s stock worth $460,000 after purchasing an additional 464 shares in the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Fiserv Stock Up 1.8 %

Shares of NYSE FI opened at $235.67 on Monday. Fiserv, Inc. has a 12-month low of $145.98 and a 12-month high of $237.99. 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 cap of $132.28 billion, a PE ratio of 43.72, a P/E/G ratio of 1.52 and a beta of 0.94. The company’s fifty day simple moving average is $216.68 and its 200 day simple moving average is $201.34.

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

Fiserv announced that its board has approved a stock repurchase program on Thursday, February 20th that allows the company to buyback 60,000,000 shares. This buyback authorization allows the business services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity

In related news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction on 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 completion of the sale, the chief operating officer now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

FI has been the topic of a number of research reports. StockNews.com cut shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. BMO Capital Markets increased their target price on Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods upped their price objective on Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, 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 objective for the company. Three equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Fiserv presently has a consensus rating of “Moderate Buy” and an average price target of $239.83.

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.