Evergreen Wealth Solutions LLC Sells 104 Shares of Fiserv, Inc. (NYSE:FI)

Evergreen Wealth Solutions LLC trimmed its position in shares of Fiserv, Inc. (NYSE:FI) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,481 shares of the business services provider’s stock after selling 104 shares during the period. Evergreen Wealth Solutions LLC’s holdings in Fiserv were worth $715,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Czech National Bank boosted its stake in shares of Fiserv by 5.2% during the 4th quarter. Czech National Bank now owns 123,353 shares of the business services provider’s stock valued at $25,339,000 after purchasing an additional 6,072 shares in the last quarter. Trust Co. of Vermont lifted its holdings in Fiserv by 170.4% in the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock worth $1,405,000 after buying an additional 4,310 shares during the period. Cardano Risk Management B.V. bought a new stake in Fiserv during the 4th quarter valued at approximately $97,254,000. Root Financial Partners LLC purchased a new position in shares of Fiserv during the 4th quarter worth approximately $257,000. Finally, World Investment Advisors LLC raised its position in shares of Fiserv by 1,469.7% in the 3rd quarter. World Investment Advisors LLC now owns 55,802 shares of the business services provider’s stock worth $10,025,000 after acquiring an additional 52,247 shares in the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction on Thursday, February 20th. The shares were 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.75% of the company’s stock.

Fiserv Stock Up 4.1 %

Shares of FI stock opened at $185.28 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a 12 month low of $146.25 and a 12 month high of $238.59. The stock has a market cap of $103.49 billion, a P/E ratio of 34.37, a P/E/G ratio of 1.52 and a beta of 0.91. The company has a 50 day simple moving average of $213.93 and a two-hundred day simple moving average of $211.84.

Fiserv (NYSE:FI) last posted its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping the consensus estimate of $2.08 by $0.06. The firm had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.86 billion. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. Fiserv’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.88 EPS. On average, research analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv declared that its Board of Directors has authorized a share buyback plan on Thursday, February 20th that permits the company to buyback 60,000,000 shares. This buyback authorization permits the business services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Susquehanna reduced their price target on Fiserv from $250.00 to $240.00 and set a “positive” rating on the stock in a research note on Friday, April 25th. Morgan Stanley reaffirmed an “overweight” rating and issued a $268.00 target price (up from $267.00) on shares of Fiserv in a research report on Friday. Royal Bank of Canada set a $237.00 price target on shares of Fiserv in a research report on Friday. Keefe, Bruyette & Woods cut their price objective on shares of Fiserv from $260.00 to $240.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Finally, The Goldman Sachs Group upgraded shares of Fiserv from a “neutral” rating to a “buy” rating and lifted their target price for the company from $246.00 to $260.00 in a report on Wednesday, April 2nd. Two 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 company. According to data from MarketBeat, Fiserv presently has a consensus rating of “Moderate Buy” and a consensus price target of $230.00.

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.