Personal CFO Solutions LLC Makes New $241,000 Investment in Fiserv, Inc. (NYSE:FI)

Personal CFO Solutions LLC acquired a new position in shares of Fiserv, Inc. (NYSE:FI - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,175 shares of the business services provider's stock, valued at approximately $241,000.

Other institutional investors also recently bought and sold shares of the company. Leavell Investment Management Inc. boosted its stake in shares of Fiserv by 2.9% in the third quarter. Leavell Investment Management Inc. now owns 2,583 shares of the business services provider's stock valued at $464,000 after purchasing an additional 72 shares during the period. CWA Asset Management Group LLC bought a new position in Fiserv during the 3rd quarter valued at $503,000. Assetmark Inc. boosted its stake in Fiserv by 27.4% during the 3rd quarter. Assetmark Inc. now owns 41,436 shares of the business services provider's stock valued at $7,444,000 after acquiring an additional 8,923 shares during the last quarter. Covestor Ltd boosted its stake in Fiserv by 7.6% during the 3rd quarter. Covestor Ltd now owns 832 shares of the business services provider's stock valued at $150,000 after acquiring an additional 59 shares during the last quarter. Finally, Sigma Planning Corp boosted its stake in Fiserv by 16.7% during the 3rd quarter. Sigma Planning Corp now owns 5,372 shares of the business services provider's stock valued at $965,000 after acquiring an additional 767 shares during the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO Guy Chiarello sold 45,000 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief operating officer now owns 227,711 shares in the company, 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 is accessible through this link. Insiders own 0.75% of the company's stock.

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Analyst Upgrades and Downgrades

FI has been the topic of a number of research reports. BMO Capital Markets increased their target price on shares of Fiserv from $233.00 to $260.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Seaport Res Ptn raised shares of Fiserv from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Barclays increased their target price on shares of Fiserv from $235.00 to $265.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Wells Fargo & Company increased their target price on shares of Fiserv from $240.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, Stephens increased their target price on shares of Fiserv from $255.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $239.83.

Fiserv Price Performance

Fiserv stock traded down $0.72 during trading hours on Tuesday, hitting $213.91. 4,734,529 shares of the company traded hands, compared to its average volume of 2,520,346. The firm has a market cap of $120.06 billion, a P/E ratio of 39.69, a P/E/G ratio of 1.52 and a beta of 0.93. 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's 50-day simple moving average is $218.48 and its two-hundred day simple moving average is $203.69. Fiserv, Inc. has a 1-year low of $145.98 and a 1-year high of $238.59.

Fiserv (NYSE:FI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating 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 forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its Board of Directors has approved a stock repurchase program on Thursday, February 20th that permits the company to repurchase 60,000,000 shares. This repurchase authorization permits the business services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

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.