Focus Partners Wealth Buys 2,432 Shares of Fiserv, Inc. (NYSE:FI)

Focus Partners Wealth boosted its stake in Fiserv, Inc. (NYSE:FI) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,025 shares of the business services provider’s stock after acquiring an additional 2,432 shares during the period. Focus Partners Wealth’s holdings in Fiserv were worth $8,427,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in FI. Valley National Advisers Inc. bought a new stake in shares of Fiserv in the fourth quarter valued at approximately $29,000. Marshall Investment Management LLC bought a new stake in shares of Fiserv in the fourth quarter valued at approximately $29,000. Compass Financial Services Inc bought a new stake in shares of Fiserv in the fourth quarter valued at approximately $31,000. Campbell Capital Management Inc. bought a new stake in shares of Fiserv in the fourth quarter valued at approximately $37,000. Finally, Quarry LP raised its position in shares of Fiserv by 51.9% in the fourth quarter. Quarry LP now owns 205 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 70 shares during the period. Institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

FI has been the topic of several research reports. KeyCorp boosted their price target on shares of Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Redburn Atlantic reissued a “sell” rating and issued a $150.00 price target on shares of Fiserv in a research report on Thursday, April 17th. Wells Fargo & Company boosted their price objective on shares of Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Barclays reduced their price objective on shares of Fiserv from $265.00 to $230.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Finally, UBS Group reduced their price objective on shares of Fiserv from $265.00 to $255.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $230.00.

Fiserv Price Performance

Shares of NYSE:FI opened at $191.00 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. Fiserv, Inc. has a one year low of $146.25 and a one year high of $238.59. The company’s fifty day moving average price is $204.87 and its 200-day moving average price is $210.93. The firm has a market capitalization of $105.90 billion, a price-to-earnings ratio of 35.44, a PEG ratio of 1.52 and a beta of 0.97.

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

Fiserv announced that its Board of Directors has authorized a stock buyback plan on Thursday, February 20th that permits the company to buyback 60,000,000 shares. This buyback authorization permits the business services provider to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the 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 transaction, 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 Securities & Exchange Commission, which is accessible through this link. 0.74% of the stock is owned by insiders.

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.