Wayfinding Financial LLC acquired a new position in Fiserv, Inc. (NYSE:FI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,827 shares of the business services provider's stock, valued at approximately $1,813,000. Fiserv comprises about 1.0% of Wayfinding Financial LLC's portfolio, making the stock its 23rd biggest position.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Soros Capital Management LLC boosted its holdings in shares of Fiserv by 71.7% in the third quarter. Soros Capital Management LLC now owns 54,797 shares of the business services provider's stock worth $9,844,000 after acquiring an additional 22,884 shares during the period. Czech National Bank lifted its holdings in Fiserv by 5.2% during the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider's stock worth $25,339,000 after purchasing an additional 6,072 shares in the last quarter. Chiron Investment Management LLC bought a new position in Fiserv in the 3rd quarter worth about $4,709,000. Trust Co. of Vermont grew its holdings in Fiserv by 170.4% during the 4th quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider's stock valued at $1,405,000 after buying an additional 4,310 shares in the last quarter. Finally, Cardano Risk Management B.V. bought a new stake in shares of Fiserv during the fourth quarter valued at about $97,254,000. 90.98% of the stock is currently owned by institutional investors.
Fiserv Trading Up 0.4 %
Fiserv stock traded up $0.86 during trading hours on Tuesday, reaching $222.65. The company had a trading volume of 1,935,274 shares, compared to its average volume of 2,520,305. The firm has a market cap of $124.97 billion, a price-to-earnings ratio of 41.31, a P/E/G ratio of 1.52 and a beta of 0.93. Fiserv, Inc. has a 12-month low of $145.98 and a 12-month 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 50-day moving average price of $221.23 and a 200 day moving average price of $207.18.
Fiserv (NYSE:FI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The business services provider reported $2.51 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%. Equities analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.
Fiserv declared that its Board of Directors has initiated a share buyback plan on Thursday, February 20th that authorizes the company to buyback 60,000,000 outstanding shares. This buyback authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.
Insider Transactions at Fiserv
In other 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 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 this hyperlink. 0.75% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several equities analysts recently commented on FI shares. Barclays boosted their price objective 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. Stephens boosted their price target on shares of Fiserv from $255.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. BMO Capital Markets upped their price target on shares of Fiserv from $233.00 to $260.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. KeyCorp lifted their price objective on Fiserv from $250.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Finally, Keefe, Bruyette & Woods upped their target price on Fiserv from $238.00 to $260.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. Three analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Fiserv currently has an average rating of "Moderate Buy" and a consensus target price of $239.83.
Check Out Our Latest Analysis on Fiserv
About Fiserv
(
Free Report)
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.
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