Physician Wealth Advisors Inc. Sells 325 Shares of Fiserv, Inc. (NYSE:FI)

Physician Wealth Advisors Inc. cut its stake in shares of Fiserv, Inc. (NYSE:FI) by 23.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,086 shares of the business services provider’s stock after selling 325 shares during the period. Physician Wealth Advisors Inc.’s holdings in Fiserv were worth $223,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. RWA Wealth Partners LLC boosted its position in shares of Fiserv by 13.7% during the fourth quarter. RWA Wealth Partners LLC now owns 3,251 shares of the business services provider’s stock worth $668,000 after acquiring an additional 391 shares during the last quarter. Schroder Investment Management Group raised its stake in shares of Fiserv by 3.9% in the fourth quarter. Schroder Investment Management Group now owns 422,954 shares of the business services provider’s stock valued at $86,883,000 after acquiring an additional 15,796 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Fiserv by 29.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,092,538 shares of the business services provider’s stock worth $429,849,000 after purchasing an additional 471,676 shares during the last quarter. Okabena Investment Services Inc. purchased a new position in Fiserv during the 4th quarter valued at $411,000. Finally, Allianz SE purchased a new stake in shares of Fiserv during the fourth quarter valued at $2,464,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the stock in a transaction dated 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 transaction, the chief operating officer now directly owns 227,711 shares in the company, valued at approximately $53,637,326.05. This represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

NYSE FI opened at $216.15 on Friday. The company has a market capitalization of $121.32 billion, a PE ratio of 40.10, a P/E/G ratio of 1.52 and a beta of 0.93. 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 1 year low of $145.98 and a 1 year high of $238.59. The company has a fifty day moving average of $222.00 and a two-hundred day moving average of $207.91.

Fiserv (NYSE:FI) last posted its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate 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, analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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

Wall Street Analysts Forecast Growth

FI has been the topic of several research reports. Morgan Stanley raised their price target on Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. BMO Capital Markets lifted their price target on Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Royal Bank of Canada lifted their price objective on Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Stephens increased their price target on shares of Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods boosted their price objective on Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Two 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 data from MarketBeat, Fiserv currently has a consensus rating of “Buy” and an average price target of $242.32.

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.