Twin City Private Wealth LLC Raises Stake in Fiserv, Inc. (NYSE:FI)

Twin City Private Wealth LLC lifted its position in shares of Fiserv, Inc. (NYSE:FI) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,484 shares of the business services provider’s stock after buying an additional 85 shares during the quarter. Twin City Private Wealth LLC’s holdings in Fiserv were worth $716,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Valley National Advisers Inc. purchased a new stake in Fiserv in the fourth quarter valued at approximately $29,000. Marshall Investment Management LLC purchased a new stake in Fiserv in the fourth quarter valued at approximately $29,000. Compass Financial Services Inc purchased a new stake in Fiserv in the fourth quarter valued at approximately $31,000. Campbell Capital Management Inc. purchased a new stake in Fiserv in the fourth quarter valued at approximately $37,000. Finally, Knuff & Co LLC purchased a new stake in Fiserv in the fourth quarter valued at approximately $45,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Fiserv Stock Down 1.7 %

Shares of NYSE:FI opened at $218.01 on Monday. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The company has a fifty day simple moving average of $220.46 and a 200 day simple moving average of $206.46. The firm has a market cap of $122.37 billion, a PE ratio of 40.45, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. Fiserv, Inc. has a 12-month low of $145.98 and a 12-month high of $238.59.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (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, equities research analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv announced that its board has authorized a stock repurchase plan on Thursday, February 20th that allows the company to buyback 60,000,000 shares. This buyback authorization allows the business services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $235.55, for a total transaction 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. The trade was a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on FI shares. Susquehanna boosted their target price on shares of Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a report on Monday, February 10th. KeyCorp lifted their price target on shares of Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods lifted their price target on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. The Goldman Sachs Group lifted their price target on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Finally, BMO Capital Markets lifted their price target on shares of Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Three investment 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.