Fiserv, Inc. (NYSE:FI) Stock Holdings Increased by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC lifted its holdings in Fiserv, Inc. (NYSE:FI) by 15.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,111 shares of the business services provider’s stock after purchasing an additional 1,229 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Fiserv were worth $1,879,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Securities Inc. lifted its position in Fiserv by 6.6% in the third quarter. Principal Securities Inc. now owns 25,752 shares of the business services provider’s stock worth $4,626,000 after purchasing an additional 1,592 shares during the period. Affinity Investment Advisors LLC acquired a new stake in shares of Fiserv in the third quarter valued at $232,000. Farther Finance Advisors LLC boosted its stake in Fiserv by 4.4% during the third quarter. Farther Finance Advisors LLC now owns 7,782 shares of the business services provider’s stock valued at $1,398,000 after buying an additional 326 shares in the last quarter. Vigilare Wealth Management acquired a new position in Fiserv during the third quarter worth about $208,000. Finally, Fullcircle Wealth LLC bought a new stake in Fiserv in the third quarter worth about $209,000. Institutional investors own 90.98% of the company’s stock.

Insider Buying and Selling at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $53,637,326.05. This trade represents 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 the SEC website. Corporate insiders own 0.75% of the company’s stock.

Fiserv Price Performance

Shares of NYSE:FI opened at $235.67 on Friday. The firm has a market cap of $132.28 billion, a price-to-earnings ratio of 43.72, a P/E/G ratio of 1.52 and a beta of 0.94. Fiserv, Inc. has a 1 year low of $145.98 and a 1 year high of $237.99. 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 fifty day simple moving average of $216.68 and a 200 day simple moving average of $201.08.

Fiserv (NYSE:FI) 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 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%. As a group, sell-side analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its Board of Directors has authorized a share buyback plan on Thursday, February 20th that authorizes the company to repurchase 60,000,000 outstanding shares. This repurchase authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FI. BMO Capital Markets raised their price objective on shares of Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Oppenheimer upped their price target on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. StockNews.com lowered Fiserv from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, KeyCorp boosted their target price on Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $239.83.

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.