7,115 Shares in Fiserv, Inc. (NYSE:FI) Purchased by Purkiss Capital Advisors LLC

Purkiss Capital Advisors LLC bought a new position in Fiserv, Inc. (NYSE:FI) in the fourth quarter, HoldingsChannel.com reports. The fund bought 7,115 shares of the business services provider’s stock, valued at approximately $1,462,000. Fiserv makes up approximately 1.3% of Purkiss Capital Advisors LLC’s holdings, making the stock its 15th biggest holding.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Valley National Advisers Inc. acquired a new position in Fiserv in the fourth quarter valued at about $29,000. Marshall Investment Management LLC acquired a new position in Fiserv in the fourth quarter worth $29,000. Compass Financial Services Inc acquired a new position in Fiserv in the fourth quarter worth $31,000. Kennebec Savings Bank bought a new stake in shares of Fiserv during the third quarter worth $40,000. Finally, Friedenthal Financial acquired a new stake in shares of Fiserv in the fourth quarter valued at $49,000. Institutional investors own 90.98% of the company’s stock.

Fiserv Stock Performance

Shares of FI stock opened at $235.67 on Friday. 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, Inc. has a 52 week low of $145.98 and a 52 week high of $237.99. The company’s 50 day moving average price is $216.68 and its two-hundred day moving average price is $201.08. The company has a market capitalization of $132.28 billion, a P/E ratio of 43.72, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. On average, analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv declared that its Board of Directors has authorized a stock repurchase program on Thursday, February 20th that allows the company to buyback 60,000,000 shares. This buyback authorization allows the business services provider to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief operating officer now directly owns 227,711 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on FI. StockNews.com lowered shares of Fiserv from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Citigroup raised their price target on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Oppenheimer increased their price objective on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Finally, Susquehanna upped their price target on Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a research note on Monday, February 10th. Three research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $239.83.

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.