Gen Wealth Partners Inc Boosts Stock Holdings in Fiserv, Inc. (NYSE:FI)

Gen Wealth Partners Inc raised its holdings in shares of Fiserv, Inc. (NYSE:FI) by 21.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,154 shares of the business services provider’s stock after purchasing an additional 734 shares during the period. Gen Wealth Partners Inc’s holdings in Fiserv were worth $853,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of FI. Valley National Advisers Inc. bought a new position in shares of Fiserv during the 4th quarter valued at $29,000. Marshall Investment Management LLC purchased a new stake in Fiserv during the fourth quarter valued at $29,000. Compass Financial Services Inc bought a new position in Fiserv in the fourth quarter valued at about $31,000. Campbell Capital Management Inc. bought a new position in Fiserv in the fourth quarter valued at about $37,000. Finally, Quarry LP boosted its position in Fiserv by 51.9% in the fourth quarter. Quarry LP now owns 205 shares of the business services provider’s stock worth $42,000 after purchasing an additional 70 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FI. Stephens raised their price objective on shares of Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. KeyCorp lifted their price target on shares of Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. StockNews.com initiated coverage on Fiserv in a research note on Sunday, March 23rd. They issued a “buy” rating for the company. Redburn Atlantic reaffirmed a “sell” rating and issued a $150.00 target price on shares of Fiserv in a report on Thursday, April 17th. Finally, Morgan Stanley reissued an “overweight” rating and set a $268.00 price target (up previously from $267.00) on shares of Fiserv in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Fiserv presently has an average rating of “Moderate Buy” and a consensus price target of $230.00.

Fiserv Stock Up 1.5 %

NYSE FI opened at $184.09 on Friday. The stock has a 50 day moving average price of $206.23 and a 200-day moving average price of $211.04. Fiserv, Inc. has a one year low of $146.25 and a one year high of $238.59. The company has a market capitalization of $102.07 billion, a P/E ratio of 34.15, a P/E/G ratio of 1.52 and a beta of 0.97. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06.

Fiserv (NYSE:FI) last released its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, beating the consensus estimate of $2.08 by $0.06. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.86 billion. During the same quarter last year, the business earned $1.88 earnings per share. Fiserv’s quarterly revenue was up 5.1% compared to the same quarter last year. As a group, equities analysts predict that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its Board of Directors has authorized a stock buyback plan on Thursday, February 20th that permits the company to repurchase 60,000,000 outstanding shares. This repurchase authorization permits the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Insider Activity

In related news, COO Guy Chiarello sold 45,000 shares of the stock in a transaction on 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 sale, the chief operating officer now owns 227,711 shares in the company, valued at approximately $53,637,326.05. This represents a 16.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.74% of the company’s stock.

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.