Atria Wealth Solutions Inc. Grows Position in Fiserv, Inc. (NYSE:FI)

Atria Wealth Solutions Inc. raised its holdings in shares of Fiserv, Inc. (NYSE:FI - Free Report) by 10.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,152 shares of the business services provider's stock after purchasing an additional 1,893 shares during the period. Atria Wealth Solutions Inc.'s holdings in Fiserv were worth $4,140,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FI. Catalina Capital Group LLC increased its stake in Fiserv by 2.3% in the 4th quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider's stock worth $444,000 after purchasing an additional 48 shares in the last quarter. Mount Yale Investment Advisors LLC grew its stake in shares of Fiserv by 1.2% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider's stock valued at $848,000 after buying an additional 50 shares in the last quarter. Hemington Wealth Management lifted its holdings in Fiserv by 6.1% in the 4th quarter. Hemington Wealth Management now owns 864 shares of the business services provider's stock worth $177,000 after purchasing an additional 50 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in Fiserv by 3.0% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider's stock worth $360,000 after purchasing an additional 51 shares during the last quarter. Finally, Optas LLC lifted its holdings in shares of Fiserv by 1.7% during the third quarter. Optas LLC now owns 3,216 shares of the business services provider's stock worth $578,000 after buying an additional 54 shares during the last quarter. Institutional investors own 90.98% of the company's stock.

Insider Activity

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction on 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 sale, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.75% of the company's stock.

Fiserv Stock Down 0.8 %

Fiserv stock traded down $1.96 during midday trading on Friday, reaching $232.47. The company's stock had a trading volume of 4,404,077 shares, compared to its average volume of 2,787,555. Fiserv, Inc. has a 52-week low of $145.98 and a 52-week high of $237.99. The stock has a market capitalization of $132.26 billion, a P/E ratio of 43.13, a PEG ratio of 1.53 and a beta of 0.94. 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's 50-day simple moving average is $213.26 and its 200-day simple moving average is $197.74.

Fiserv (NYSE:FI - Get Free Report) last posted its earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, topping 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%. On average, sell-side analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its Board of Directors has authorized a share buyback plan 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. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Stephens upped their target price on Fiserv from $255.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Mizuho upped their price target on Fiserv from $183.00 to $222.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Seaport Res Ptn raised Fiserv from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. KeyCorp lifted their price target on shares of Fiserv from $250.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Finally, Tigress Financial increased their target price on shares of Fiserv from $190.00 to $244.00 and gave the stock a "buy" rating in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $239.83.

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.