AMJ Financial Wealth Management Sells 3,129 Shares of Fiserv, Inc. (NYSE:FI)

AMJ Financial Wealth Management lowered its stake in shares of Fiserv, Inc. (NYSE:FI) by 6.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,093 shares of the business services provider’s stock after selling 3,129 shares during the quarter. Fiserv makes up approximately 2.6% of AMJ Financial Wealth Management’s portfolio, making the stock its 16th largest holding. AMJ Financial Wealth Management’s holdings in Fiserv were worth $9,468,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Valley National Advisers Inc. bought a new stake in shares of Fiserv in the fourth quarter valued at $29,000. Marshall Investment Management LLC purchased a new stake in Fiserv in the 4th quarter worth about $29,000. Compass Financial Services Inc bought a new stake in Fiserv in the 4th quarter valued at about $31,000. Kennebec Savings Bank purchased a new stake in Fiserv during the third quarter valued at about $40,000. Finally, Friedenthal Financial bought a new position in Fiserv during the fourth quarter worth about $49,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Fiserv Price Performance

Shares of Fiserv stock opened at $237.65 on Tuesday. The firm has a market capitalization of $133.39 billion, a PE ratio of 44.09, a price-to-earnings-growth ratio of 1.52 and a beta of 0.94. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a 12 month low of $145.98 and a 12 month high of $238.59. The business’s 50-day moving average price is $217.30 and its 200-day moving average price is $201.84.

Fiserv (NYSE:FI) last issued its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating 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%. Sell-side analysts forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

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

Insider Buying and Selling

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 sale, the chief operating officer now directly owns 227,711 shares in the company, valued at $53,637,326.05. This represents a 16.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.75% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Morgan Stanley boosted their price target on shares of Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Citigroup boosted their target price on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Stephens raised their price target on Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Susquehanna boosted their price objective on Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a research note on Monday, February 10th. Finally, BMO Capital Markets raised their target price on Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.