Crux Wealth Advisors Takes $1.04 Million Position in Fiserv, Inc. (NYSE:FI)

Crux Wealth Advisors bought a new position in Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,064 shares of the business services provider’s stock, valued at approximately $1,040,000.

Several other hedge funds and other institutional investors have also bought and sold shares of FI. Wellington Management Group LLP boosted its holdings in Fiserv by 80.1% during the 3rd quarter. Wellington Management Group LLP now owns 50,386 shares of the business services provider’s stock valued at $9,052,000 after acquiring an additional 22,410 shares during the period. Barclays PLC grew its holdings in shares of Fiserv by 3.0% in the third quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock worth $302,737,000 after purchasing an additional 48,413 shares during the last quarter. Neo Ivy Capital Management bought a new stake in Fiserv during the 3rd quarter valued at $240,000. TD Private Client Wealth LLC grew its holdings in Fiserv by 2.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 3,280 shares of the business services provider’s stock worth $589,000 after acquiring an additional 74 shares during the last quarter. Finally, Invst LLC purchased a new position in shares of Fiserv in the third quarter valued at about $211,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Citigroup raised their target price on Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. The Goldman Sachs Group upgraded Fiserv from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $246.00 to $260.00 in a research report on Wednesday, April 2nd. Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Barclays raised their target price on shares of Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Finally, Royal Bank of Canada boosted their price target on shares of Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $239.35.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief operating officer now owns 227,711 shares in the company, valued at $53,637,326.05. This represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

FI stock opened at $207.98 on Friday. The company has a market cap of $116.17 billion, a P/E ratio of 38.59, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. 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, Inc. has a 1 year low of $145.98 and a 1 year high of $238.59. The stock’s fifty day moving average price is $221.27 and its 200-day moving average price is $210.44.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating 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%. On average, equities analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its board has approved a share repurchase program on Thursday, February 20th that permits the company to buyback 60,000,000 outstanding shares. This buyback authorization permits the business services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management 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.