Global Trust Asset Management LLC Acquires 630 Shares of Fiserv, Inc. (NYSE:FI)

Global Trust Asset Management LLC boosted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 104.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,236 shares of the business services provider’s stock after acquiring an additional 630 shares during the quarter. Global Trust Asset Management LLC’s holdings in Fiserv were worth $273,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Jacobi Capital Management LLC grew its holdings in Fiserv by 0.4% in the fourth quarter. Jacobi Capital Management LLC now owns 11,104 shares of the business services provider’s stock worth $2,281,000 after purchasing an additional 44 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Fiserv by 1.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,862 shares of the business services provider’s stock valued at $794,000 after purchasing an additional 44 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Fiserv by 1.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,109 shares of the business services provider’s stock worth $841,000 after purchasing an additional 45 shares in the last quarter. Adero Partners LLC grew its stake in shares of Fiserv by 2.3% in the 1st quarter. Adero Partners LLC now owns 2,490 shares of the business services provider’s stock worth $550,000 after buying an additional 55 shares during the last quarter. Finally, Pointe Capital Management LLC grew its stake in shares of Fiserv by 1.8% in the 4th quarter. Pointe Capital Management LLC now owns 3,158 shares of the business services provider’s stock worth $649,000 after buying an additional 56 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Royal Bank of Canada set a $237.00 target price on Fiserv in a report on Friday, April 25th. Keefe, Bruyette & Woods reduced their price objective on Fiserv from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday, May 21st. Monness Crespi & Hardt cut shares of Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 price objective for the company. in a report on Wednesday, April 9th. Piper Sandler set a $218.00 target price on shares of Fiserv in a report on Friday, April 25th. Finally, Tigress Financial raised their price target on Fiserv from $244.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, May 29th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $220.27.

Insider Buying and Selling at Fiserv

In related news, EVP Andrew Gelb sold 5,652 shares of the firm’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total transaction of $904,320.00. Following the sale, the executive vice president now owns 25,385 shares of the company’s stock, valued at $4,061,600. This trade represents a 18.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $160.68, for a total transaction of $403,628.16. Following the completion of the sale, the insider now owns 53,385 shares of the company’s stock, valued at $8,577,901.80. This trade represents a 4.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.74% of the stock is owned by corporate insiders.

Fiserv Trading Up 1.2%

Shares of NYSE FI opened at $164.94 on Tuesday. Fiserv, Inc. has a fifty-two week low of $146.46 and a fifty-two week high of $238.59. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The company has a market cap of $91.45 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 1.52 and a beta of 0.90. The business’s 50 day moving average price is $180.92 and its 200-day moving average price is $203.05.

Fiserv (NYSE:FI) last released its earnings results on Thursday, April 24th. The business services provider reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.06. The business had revenue of $4.79 billion for 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%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.88 earnings per share. On average, sell-side analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

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

Fiserv 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.