Peapack Gladstone Financial Corp Purchases 1,750 Shares of Fiserv, Inc. (NYSE:FI)

Peapack Gladstone Financial Corp boosted its position in Fiserv, Inc. (NYSE:FI - Free Report) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,624 shares of the business services provider's stock after purchasing an additional 1,750 shares during the quarter. Peapack Gladstone Financial Corp's holdings in Fiserv were worth $12,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

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Insider Activity

In other news, COO Guy Chiarello sold 45,000 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was 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. This trade represents a 16.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.75% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FI. Monness Crespi & Hardt lowered Fiserv from a "neutral" rating to a "sell" rating and set a $145.00 price objective on the stock. in a research report on Wednesday. Keefe, Bruyette & Woods lifted their price target on shares of Fiserv from $238.00 to $260.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Oppenheimer boosted their price objective on shares of Fiserv from $214.00 to $239.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. The Goldman Sachs Group raised shares of Fiserv from a "neutral" rating to a "buy" rating and increased their target price for the company from $246.00 to $260.00 in a report on Wednesday, April 2nd. Finally, Barclays boosted their price target on shares of Fiserv from $235.00 to $265.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $239.35.

Fiserv Stock Up 1.8 %

NYSE FI traded up $3.60 during mid-day trading on Friday, reaching $207.98. The stock had a trading volume of 2,784,695 shares, compared to its average volume of 2,715,748. The stock has a market cap of $116.17 billion, a PE ratio of 38.59, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. 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. The company has a fifty day moving average price of $221.27 and a 200 day moving average price of $210.44.

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

Fiserv declared that its Board of Directors has authorized 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 buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are 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.