Greenwood Gearhart Inc. Takes $244,000 Position in Fiserv, Inc. (NYSE:FI)

Greenwood Gearhart Inc. bought a new stake in shares of Fiserv, Inc. (NYSE:FI - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,189 shares of the business services provider's stock, valued at approximately $244,000.

Other hedge funds have also modified their holdings of the company. Jacobi Capital Management LLC boosted its holdings in shares of Fiserv by 0.4% in the fourth quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider's stock worth $2,281,000 after buying an additional 44 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in Fiserv by 1.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider's stock valued at $841,000 after purchasing an additional 45 shares in the last quarter. Catalina Capital Group LLC boosted its stake in Fiserv by 2.3% during the 4th quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider's stock valued at $444,000 after acquiring an additional 48 shares during the last quarter. Mount Yale Investment Advisors LLC raised its position in shares of Fiserv by 1.2% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider's stock worth $848,000 after buying an additional 50 shares in the last quarter. Finally, Hemington Wealth Management lifted its stake in Fiserv by 6.1% in the fourth quarter. Hemington Wealth Management now owns 864 shares of the business services provider's stock valued at $177,000 after acquiring an additional 50 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the business's 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 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.75% of the company's stock.

Fiserv Stock Up 2.8 %

NYSE FI traded up $5.77 on Tuesday, reaching $213.23. The stock had a trading volume of 710,692 shares, compared to its average volume of 2,711,612. 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 moving average price of $218.91 and a 200 day moving average price of $211.85. Fiserv, Inc. has a 1 year low of $146.25 and a 1 year high of $238.59. The company has a market capitalization of $119.10 billion, a price-to-earnings ratio of 39.55, a P/E/G ratio of 1.52 and a beta of 0.91.

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

Fiserv declared that its board has initiated a stock buyback program on Thursday, February 20th that allows the company to repurchase 60,000,000 outstanding shares. This repurchase authorization allows the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Analyst Ratings Changes

Several research firms have commented on FI. Royal Bank of Canada boosted 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. KeyCorp increased their price target on shares of Fiserv from $250.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Redburn Atlantic reaffirmed a "sell" rating and issued a $150.00 price objective on shares of Fiserv in a research note on Thursday, April 17th. Keefe, Bruyette & Woods lifted their target price on Fiserv from $238.00 to $260.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Finally, Stephens lifted their price objective on Fiserv from $255.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $234.79.

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.