Flagship Wealth Advisors LLC Takes $586,000 Position in Fiserv, Inc. (NYSE:FI)

Flagship Wealth Advisors LLC purchased a new position in Fiserv, Inc. (NYSE:FI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,855 shares of the business services provider's stock, valued at approximately $586,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Curio Wealth LLC bought a new position in Fiserv during the fourth quarter worth $85,000. Signaturefd LLC boosted its holdings in shares of Fiserv by 2.9% in the 4th quarter. Signaturefd LLC now owns 12,967 shares of the business services provider's stock valued at $2,664,000 after buying an additional 363 shares during the period. Parallel Advisors LLC grew its position in shares of Fiserv by 5.3% during the 4th quarter. Parallel Advisors LLC now owns 6,129 shares of the business services provider's stock valued at $1,259,000 after buying an additional 310 shares during the last quarter. Signature Wealth Management Group raised its stake in Fiserv by 3.4% during the fourth quarter. Signature Wealth Management Group now owns 11,441 shares of the business services provider's stock worth $2,350,000 after acquiring an additional 377 shares during the period. Finally, First National Advisers LLC lifted its holdings in Fiserv by 2.6% in the fourth quarter. First National Advisers LLC now owns 22,169 shares of the business services provider's stock worth $4,554,000 after acquiring an additional 562 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the business's stock in a transaction dated 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 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.75% of the stock is currently owned by corporate insiders.

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Wall Street Analyst Weigh In

Several brokerages recently issued reports on FI. KeyCorp raised their price target on Fiserv from $250.00 to $270.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Citigroup boosted their price target on shares of Fiserv from $230.00 to $233.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Seaport Res Ptn raised shares of Fiserv from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. BMO Capital Markets boosted their target price on shares of Fiserv from $233.00 to $260.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Finally, Barclays raised their price target on shares of Fiserv from $235.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $239.83.

Fiserv Stock Performance

NYSE:FI traded down $3.78 during midday trading on Friday, reaching $218.01. The stock had a trading volume of 3,537,416 shares, compared to its average volume of 2,525,537. The stock has a market capitalization of $122.37 billion, a P/E ratio of 40.45, a PEG ratio of 1.52 and a beta of 0.93. The firm's fifty day simple moving average is $220.11 and its 200-day simple moving average is $205.70. Fiserv, Inc. has a 1-year low of $145.98 and a 1-year high of $238.59. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07.

Fiserv (NYSE:FI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its board has authorized a stock repurchase plan on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

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.