Global Retirement Partners LLC Buys 2,304 Shares of Fiserv, Inc. (NYSE:FI)

Global Retirement Partners LLC grew its position in Fiserv, Inc. (NYSE:FI - Free Report) by 20.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,416 shares of the business services provider's stock after acquiring an additional 2,304 shares during the period. Global Retirement Partners LLC's holdings in Fiserv were worth $2,756,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Valley National Advisers Inc. purchased a new stake in Fiserv during the fourth quarter worth $29,000. Compass Financial Services Inc acquired a new position in Fiserv in the 4th quarter valued at $31,000. Kennebec Savings Bank acquired a new position in Fiserv in the 3rd quarter valued at $40,000. Northwest Investment Counselors LLC acquired a new position in Fiserv in the 3rd quarter valued at $44,000. Finally, Friedenthal Financial acquired a new position in Fiserv in the 4th quarter valued at $49,000. Hedge funds and other institutional investors own 90.98% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on FI shares. Oppenheimer boosted their price objective on shares of Fiserv from $214.00 to $239.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Susquehanna boosted their price objective on shares of Fiserv from $230.00 to $270.00 and gave the stock a "positive" rating in a report on Monday, February 10th. Wells Fargo & Company boosted their price objective on shares of Fiserv from $240.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Stephens upped their target price on shares of Fiserv from $255.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Finally, Mizuho increased their price objective on shares of Fiserv from $183.00 to $222.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $239.83.

Insider Activity at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the company's stock in a transaction on Thursday, February 20th. The shares were 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 directly owns 227,711 shares of the company's stock, valued at approximately $53,637,326.05. This represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.75% of the stock is owned by insiders.

Fiserv Price Performance

NYSE:FI traded down $2.27 during trading hours on Friday, reaching $232.16. 2,340,243 shares of the company's stock were exchanged, compared to its average volume of 2,725,120. The company has a market capitalization of $132.08 billion, a P/E ratio of 43.09, a price-to-earnings-growth ratio of 1.53 and a beta of 0.94. Fiserv, Inc. has a 12 month low of $145.98 and a 12 month high of $237.99. 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 business's 50-day simple moving average is $213.26 and its two-hundred day simple moving average is $197.74.

Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping analysts' consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Sell-side analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its Board of Directors has approved a stock 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 buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.

About Fiserv

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.