Heritage Wealth Advisors Sells 45 Shares of Fiserv, Inc. (NYSE:FI)

Heritage Wealth Advisors lowered its position in shares of Fiserv, Inc. (NYSE:FI) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,519 shares of the business services provider’s stock after selling 45 shares during the quarter. Heritage Wealth Advisors’ holdings in Fiserv were worth $723,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FI. Quest Partners LLC lifted its stake in Fiserv by 72,800.0% in the third quarter. Quest Partners LLC now owns 729 shares of the business services provider’s stock valued at $131,000 after buying an additional 728 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in shares of Fiserv by 3.3% during the third quarter. Kingsview Wealth Management LLC now owns 6,035 shares of the business services provider’s stock worth $1,084,000 after acquiring an additional 192 shares during the period. Larson Financial Group LLC lifted its position in Fiserv by 17.5% in the 3rd quarter. Larson Financial Group LLC now owns 1,836 shares of the business services provider’s stock valued at $330,000 after acquiring an additional 274 shares in the last quarter. Centaurus Financial Inc. boosted its stake in Fiserv by 25.5% in the 3rd quarter. Centaurus Financial Inc. now owns 2,424 shares of the business services provider’s stock worth $435,000 after purchasing an additional 493 shares during the period. Finally, Harvest Fund Management Co. Ltd boosted its stake in Fiserv by 87.8% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 4,293 shares of the business services provider’s stock worth $771,000 after purchasing an additional 2,007 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on FI. The Goldman Sachs Group lifted their price target on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Citigroup lifted their target price on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. StockNews.com downgraded Fiserv from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Stephens lifted their price objective on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, KeyCorp boosted their price objective on shares of 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $239.83.

Insider Buying and Selling

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 shares were sold at an average price of $235.55, for a total value of $10,599,750.00. Following the completion of the transaction, the chief operating officer now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.75% of the stock is currently owned by company insiders.

Fiserv Trading Up 0.4 %

FI stock opened at $222.65 on Wednesday. Fiserv, Inc. has a one year low of $145.98 and a one year high of $238.59. The stock has a market cap of $124.97 billion, a price-to-earnings ratio of 41.31, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. The company has a fifty day moving average price of $221.23 and a two-hundred day moving average price of $207.18. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07.

Fiserv (NYSE:FI) last announced 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 anticipate that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv announced that its board has authorized a share repurchase program on Thursday, February 20th that authorizes the company to buyback 60,000,000 outstanding shares. This buyback authorization authorizes the business services provider to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is 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.