Crux Wealth Advisors Invests $1.04 Million in Fiserv, Inc. (NYSE:FI)

Crux Wealth Advisors bought a new stake in Fiserv, Inc. (NYSE:FI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,064 shares of the business services provider's stock, valued at approximately $1,040,000.

Several other hedge funds also recently modified their holdings of the stock. Valley National Advisers Inc. purchased a new position in shares of Fiserv in the 4th quarter worth approximately $29,000. Marshall Investment Management LLC bought a new stake in Fiserv during the fourth quarter worth $29,000. Compass Financial Services Inc purchased a new position in Fiserv in the fourth quarter worth $31,000. Campbell Capital Management Inc. bought a new position in Fiserv in the 4th quarter valued at $37,000. Finally, Knuff & Co LLC purchased a new stake in shares of Fiserv during the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Fiserv Price Performance

Shares of NYSE FI traded down $2.53 during mid-day trading on Wednesday, reaching $210.30. 2,351,032 shares of the company were exchanged, compared to its average volume of 2,714,885. Fiserv, Inc. has a 52 week low of $145.98 and a 52 week high of $238.59. The company's 50 day moving average price is $220.58 and its 200 day moving average price is $210.92. The stock has a market capitalization of $117.47 billion, a PE ratio of 39.02, a PEG ratio of 1.52 and a beta of 0.91. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. Sell-side analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

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

Analyst Ratings Changes

FI has been the topic of a number of research analyst reports. BMO Capital Markets boosted their price target on shares of Fiserv from $233.00 to $260.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. KeyCorp lifted their price objective on shares of Fiserv from $250.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Wells Fargo & Company increased their target price on shares of Fiserv from $240.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Stephens lifted 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, 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Fiserv has a consensus rating of "Moderate Buy" and an average price target of $238.48.

Insider Buying and Selling at Fiserv

In other 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 approximately $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.75% of the company's stock.

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.