Wexford Capital LP Has $2.22 Million Stock Holdings in Fiserv, Inc. (NYSE:FI)

Wexford Capital LP grew its position in shares of Fiserv, Inc. (NYSE:FI) by 28.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,794 shares of the business services provider’s stock after acquiring an additional 2,375 shares during the quarter. Wexford Capital LP’s holdings in Fiserv were worth $2,217,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of FI. Barclays PLC boosted its position in Fiserv by 3.0% during the 3rd quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock worth $302,737,000 after acquiring an additional 48,413 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in Fiserv by 6.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 5,192 shares of the business services provider’s stock worth $1,067,000 after acquiring an additional 325 shares during the last quarter. Carnegie Investment Counsel raised its stake in shares of Fiserv by 91.8% during the 4th quarter. Carnegie Investment Counsel now owns 3,921 shares of the business services provider’s stock worth $805,000 after purchasing an additional 1,877 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in shares of Fiserv by 24.2% in the 4th quarter. Ritholtz Wealth Management now owns 5,106 shares of the business services provider’s stock valued at $1,049,000 after buying an additional 994 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its holdings in shares of Fiserv by 3.0% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock valued at $360,000 after buying an additional 51 shares during the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction dated 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 owns 227,711 shares in the company, valued at $53,637,326.05. The trade was a 16.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.74% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FI. Wells Fargo & Company increased their price objective on Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Monness Crespi & Hardt downgraded Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 price objective for the company. in a report on Wednesday, April 9th. KeyCorp increased their price objective on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Susquehanna cut their price objective on Fiserv from $250.00 to $240.00 and set a “positive” rating for the company in a report on Friday, April 25th. Finally, The Goldman Sachs Group raised Fiserv from a “neutral” rating to a “buy” rating and increased their price objective for the company from $246.00 to $260.00 in a report on Wednesday, April 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $230.00.

Fiserv Stock Up 4.7%

FI stock opened at $166.63 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. The stock has a market capitalization of $92.38 billion, a price-to-earnings ratio of 30.91, a PEG ratio of 1.52 and a beta of 0.97. The business’s fifty day moving average price is $202.24 and its two-hundred day moving average price is $210.41. Fiserv, Inc. has a fifty-two week low of $146.25 and a fifty-two week high of $238.59.

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

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

Fiserv Company 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.