AMJ Financial Wealth Management Has $9.47 Million Position in Fiserv, Inc. (NYSE:FI)

AMJ Financial Wealth Management trimmed its position in shares of Fiserv, Inc. (NYSE:FI) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,093 shares of the business services provider’s stock after selling 3,129 shares during the quarter. Fiserv makes up 2.6% of AMJ Financial Wealth Management’s holdings, making the stock its 16th biggest holding. AMJ Financial Wealth Management’s holdings in Fiserv were worth $9,468,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in FI. Valley National Advisers Inc. acquired a new stake in Fiserv during the 4th quarter worth approximately $29,000. Marshall Investment Management LLC bought a new position in shares of Fiserv during the fourth quarter valued at $29,000. Compass Financial Services Inc acquired a new position in shares of Fiserv during the fourth quarter worth $31,000. Kennebec Savings Bank bought a new stake in shares of Fiserv in the third quarter worth $40,000. Finally, Friedenthal Financial acquired a new stake in Fiserv in the fourth quarter valued at $49,000. 90.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the stock in a transaction dated 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 sale, the chief operating officer now owns 227,711 shares in the company, valued at $53,637,326.05. This represents a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on FI. StockNews.com downgraded Fiserv from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Oppenheimer lifted their price objective on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. BMO Capital Markets boosted their price target on shares of Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, Stephens increased their price objective on shares of Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $239.83.

Fiserv Trading Up 0.8 %

NYSE:FI opened at $237.65 on Tuesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. Fiserv, Inc. has a one year low of $145.98 and a one year high of $238.59. The company has a market cap of $133.39 billion, a PE ratio of 44.09, a PEG ratio of 1.52 and a beta of 0.94. The firm has a 50-day moving average of $217.30 and a 200-day moving average of $201.84.

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 return on equity of 17.93% and a net margin of 15.31%. As a group, equities research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its board has approved a stock buyback program on Thursday, February 20th that permits the company to buyback 60,000,000 outstanding shares. This buyback authorization permits the business services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

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.