GenTrust LLC Takes Position in Fiserv, Inc. (NYSE:FI)

GenTrust LLC purchased a new stake in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,092 shares of the business services provider’s stock, valued at approximately $224,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Simmons Bank raised its holdings in Fiserv by 111.5% in the 4th quarter. Simmons Bank now owns 2,751 shares of the business services provider’s stock worth $565,000 after acquiring an additional 1,450 shares during the period. Pointe Capital Management LLC raised its holdings in 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 acquiring an additional 56 shares during the period. Checchi Capital Advisers LLC raised its holdings in Fiserv by 1.4% in the 4th quarter. Checchi Capital Advisers LLC now owns 4,046 shares of the business services provider’s stock worth $831,000 after acquiring an additional 57 shares during the period. Advisor OS LLC bought a new position in Fiserv in the 4th quarter worth $212,000. Finally, CPA Asset Management LLC bought a new position in Fiserv in the 4th quarter worth $217,000. Institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the business’s 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 transaction, the chief operating officer now directly owns 227,711 shares of the company’s stock, valued at approximately $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.75% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on FI shares. Wells Fargo & Company lifted their target price on shares of Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Barclays lifted their target price on shares of Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. BMO Capital Markets raised 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. Royal Bank of Canada raised their price target on shares of Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, Compass Point initiated coverage on shares of Fiserv in a research report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price target on the stock. Three equities 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $239.83.

Fiserv Trading Up 0.9 %

Shares of FI stock opened at $231.85 on Friday. Fiserv, Inc. has a 12-month low of $145.98 and a 12-month high of $237.99. The company has a market capitalization of $130.13 billion, a P/E ratio of 43.01, a P/E/G ratio of 1.52 and a beta of 0.94. The firm has a 50-day moving average price of $216.09 and a 200 day moving average price of $200.29. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (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%. Research analysts forecast 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 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 repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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.