Maia Wealth LLC Purchases 735 Shares of Fiserv, Inc. (NYSE:FI)

Maia Wealth LLC raised its holdings in shares of Fiserv, Inc. (NYSE:FI) by 11.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,392 shares of the business services provider’s stock after acquiring an additional 735 shares during the period. Maia Wealth LLC’s holdings in Fiserv were worth $1,575,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the stock in a transaction on 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 sale, the chief operating officer now directly owns 227,711 shares of the company’s stock, valued at $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 SEC, which is available at the SEC website. Company insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on FI. Royal Bank of Canada boosted their price objective 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. Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods increased their price objective on Fiserv from $238.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Citigroup boosted their target price on Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, StockNews.com lowered Fiserv from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $239.83.

Fiserv Price Performance

FI opened at $235.67 on Friday. The firm has a market cap of $132.28 billion, a PE ratio of 43.72, a P/E/G ratio of 1.52 and a beta of 0.94. The stock has a 50-day moving average price of $216.68 and a 200-day moving average price of $201.08. Fiserv, Inc. has a 1 year low of $145.98 and a 1 year high of $237.99. 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 (NYSE:FI) last issued its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its Board of Directors has initiated a share repurchase plan on Thursday, February 20th that authorizes the company to buyback 60,000,000 outstanding shares. This buyback authorization authorizes the business services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

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.