Trajan Wealth LLC Grows Position in Fiserv, Inc. (NYSE:FI)

Trajan Wealth LLC raised its holdings in shares of Fiserv, Inc. (NYSE:FI) by 5.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 160,647 shares of the business services provider’s stock after purchasing an additional 8,100 shares during the period. Fiserv accounts for about 1.8% of Trajan Wealth LLC’s portfolio, making the stock its 12th largest position. Trajan Wealth LLC’s holdings in Fiserv were worth $33,000,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of FI. Valley National Advisers Inc. bought a new stake in shares of Fiserv in the 4th quarter valued at about $29,000. Marshall Investment Management LLC acquired a new position in shares of Fiserv during the fourth quarter worth $29,000. Compass Financial Services Inc acquired a new stake in shares of Fiserv in the 4th quarter worth $31,000. Campbell Capital Management Inc. purchased a new position in Fiserv during the 4th quarter worth $37,000. Finally, Knuff & Co LLC purchased a new stake in Fiserv in the fourth quarter valued at about $45,000. Institutional investors own 90.98% of the company’s stock.

Insider Transactions at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 227,711 shares of the company’s stock, valued at approximately $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 SEC, which is available at this link. Corporate insiders own 0.75% of the company’s stock.

Fiserv Trading Down 0.8 %

Shares of FI stock opened at $208.51 on Friday. The stock has a 50 day simple moving average of $219.31 and a 200-day simple moving average of $211.50. Fiserv, Inc. has a 1-year low of $146.25 and a 1-year high of $238.59. The company has a market cap of $116.47 billion, a price-to-earnings ratio of 38.68, a PEG 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 (NYSE:FI) last announced its 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 net margin of 15.31% and a return on equity of 17.93%. On average, equities research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its board has initiated a share repurchase plan on Thursday, February 20th that authorizes the company to repurchase 60,000,000 shares. This repurchase authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several research firms have recently issued reports on FI. Monness Crespi & Hardt downgraded shares of Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 price objective on the stock. in a report on Wednesday, April 9th. Susquehanna decreased their price target on shares of Fiserv from $270.00 to $250.00 and set a “positive” rating for the company in a report on Tuesday, April 15th. Stephens lifted their price objective on shares of Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. StockNews.com began coverage on Fiserv in a research report on Sunday, March 23rd. They issued a “buy” rating on the stock. Finally, Keefe, Bruyette & Woods lifted their price target on Fiserv from $238.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Fiserv currently has a consensus rating of “Moderate Buy” and an average target price of $234.79.

About Fiserv

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.