1,969 Shares in Fiserv, Inc. (NYSE:FI) Bought by Optimize Financial Inc

Optimize Financial Inc acquired a new stake in Fiserv, Inc. (NYSE:FI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,969 shares of the business services provider's stock, valued at approximately $404,000.

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

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Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the company's stock in a transaction 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 directly 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.75% of the stock is currently owned by insiders.

Fiserv Price Performance

Shares of NYSE FI traded up $0.59 during midday trading on Tuesday, reaching $212.83. The company's stock had a trading volume of 2,119,364 shares, compared to its average volume of 2,716,336. Fiserv, Inc. has a one year low of $145.98 and a one year high of $238.59. The company has a market cap of $118.88 billion, a price-to-earnings ratio of 39.49, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The company has a 50 day moving average price of $220.58 and a 200 day moving average price of $210.92. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86.

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, topping 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, equities research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv declared that its Board of Directors has approved a share repurchase plan on Thursday, February 20th that permits the company to repurchase 60,000,000 outstanding shares. This repurchase authorization permits the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

FI has been the topic of a number of research analyst reports. Royal Bank of Canada increased their target price on Fiserv from $255.00 to $270.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Seaport Res Ptn raised shares of Fiserv from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods raised their price target on shares of Fiserv from $238.00 to $260.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. StockNews.com assumed coverage on shares of Fiserv in a report on Sunday, March 23rd. They issued a "buy" rating on the stock. Finally, BMO Capital Markets raised their price target on Fiserv from $233.00 to $260.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Fiserv presently has a consensus rating of "Moderate Buy" and a consensus price target of $238.48.

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.