Rowlandmiller & PARTNERS.ADV Takes Position in Fiserv, Inc. (NYSE:FI)

Rowlandmiller & PARTNERS.ADV acquired a new stake in shares of Fiserv, Inc. (NYSE:FI) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 654 shares of the business services provider’s stock, valued at approximately $134,000.

A number of other large investors also recently made changes to their positions in FI. Eastern Bank bought a new position in shares of Fiserv during the third quarter valued at about $50,000. Hennion & Walsh Asset Management Inc. lifted its position in shares of Fiserv by 46.4% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 4,867 shares of the business services provider’s stock valued at $874,000 after purchasing an additional 1,542 shares in the last quarter. Allworth Financial LP lifted its position in shares of Fiserv by 11.9% during the third quarter. Allworth Financial LP now owns 4,808 shares of the business services provider’s stock valued at $864,000 after purchasing an additional 510 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Fiserv by 16.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 55,801 shares of the business services provider’s stock valued at $10,025,000 after purchasing an additional 7,817 shares in the last quarter. Finally, PFG Investments LLC lifted its position in shares of Fiserv by 2.7% during the third quarter. PFG Investments LLC now owns 2,807 shares of the business services provider’s stock valued at $504,000 after purchasing an additional 73 shares in the last quarter. 90.98% of the stock is owned by institutional investors.

Fiserv Price Performance

Shares of NYSE:FI opened at $232.47 on Monday. The company has a 50 day moving average of $213.81 and a 200 day moving average of $198.86. The stock has a market cap of $132.26 billion, a P/E ratio of 43.13, a P/E/G ratio of 1.52 and a beta of 0.94. Fiserv, Inc. has a 12 month low of $145.98 and a 12 month high of $237.99. 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 (NYSE:FI) last issued its quarterly earnings data 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%. As a group, sell-side analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its board has approved a share buyback program 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 programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer now owns 227,711 shares of the company’s stock, valued at $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 is available at this hyperlink. 0.75% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on FI shares. Royal Bank of Canada raised 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. Barclays lifted their price objective 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. Oppenheimer lifted their price objective on shares of Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Tigress Financial lifted their price objective on shares of Fiserv from $190.00 to $244.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Fiserv from $238.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Fiserv presently has a consensus rating of “Buy” and a consensus price target of $239.83.

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.