Allworth Financial LP increased its position in Fiserv, Inc. (NYSE:FI - Free Report) by 49.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,176 shares of the business services provider's stock after buying an additional 2,368 shares during the quarter. Allworth Financial LP's holdings in Fiserv were worth $1,503,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also made changes to their positions in the company. Valley National Advisers Inc. acquired a new stake in Fiserv in the 4th quarter valued at $29,000. Compass Financial Services Inc acquired a new stake in Fiserv in the 4th quarter valued at $31,000. Kennebec Savings Bank acquired a new stake in Fiserv in the 3rd quarter valued at $40,000. Roxbury Financial LLC acquired a new stake in shares of Fiserv during the fourth quarter valued at about $50,000. Finally, Friedenthal Financial acquired a new stake in shares of Fiserv during the fourth quarter valued at about $49,000. 90.98% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction that occurred on 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 sale, the chief operating officer now owns 227,711 shares of the company's stock, 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 SEC, which is accessible through the SEC website. Corporate insiders own 0.75% of the company's stock.
Fiserv Stock Performance
NYSE FI traded down $1.96 during trading hours 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. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The business has a 50-day simple moving average of $213.26 and a 200 day simple moving average of $197.74. Fiserv, Inc. has a 52 week low of $145.98 and a 52 week high of $237.99. The stock has a market cap of $132.26 billion, a PE ratio of 43.13, a PEG ratio of 1.53 and a beta of 0.94.
Fiserv (NYSE:FI - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating 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%. Equities research analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.
Fiserv declared that its board has approved a share buyback plan on Thursday, February 20th that authorizes the company to buyback 60,000,000 outstanding shares. This buyback authorization authorizes the business services provider to buy shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on FI. Tigress Financial raised their target price on Fiserv from $190.00 to $244.00 and gave the company a "buy" rating in a research note on Tuesday, October 29th. Royal Bank of Canada raised their target price on Fiserv from $255.00 to $270.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. BMO Capital Markets raised their target price on Fiserv from $233.00 to $260.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Morgan Stanley raised their target price on Fiserv from $258.00 to $267.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Finally, Oppenheimer raised their target price on Fiserv from $214.00 to $239.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Two analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $239.83.
Check Out Our Latest Analysis on Fiserv
Fiserv Profile
(
Free Report)
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.
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