1,175 Shares in Fiserv, Inc. (NYSE:FI) Purchased by Personal CFO Solutions LLC

Personal CFO Solutions LLC purchased a new position in shares of Fiserv, Inc. (NYSE:FI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,175 shares of the business services provider’s stock, valued at approximately $241,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Marshall Investment Management LLC purchased a new position in shares of Fiserv during the fourth quarter worth about $29,000. Valley National Advisers Inc. acquired a new stake in Fiserv in the fourth quarter valued at about $29,000. Compass Financial Services Inc acquired a new stake in Fiserv in the fourth quarter valued at about $31,000. Kennebec Savings Bank acquired a new stake in Fiserv in the third quarter valued at about $40,000. Finally, Roxbury Financial LLC acquired a new stake in Fiserv in the fourth quarter valued at about $50,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction that occurred on 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.75% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on FI shares. Keefe, Bruyette & Woods raised their price objective 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. Barclays raised their price objective on shares of Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Wells Fargo & Company raised their price objective on shares of Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Compass Point began coverage on shares of Fiserv in a research report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price objective for the company. Finally, StockNews.com downgraded shares of Fiserv from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and a consensus price target of $239.83.

Fiserv Trading Down 1.5 %

Shares of FI opened at $214.76 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. The firm has a 50 day simple moving average of $218.48 and a 200-day simple moving average of $203.69. Fiserv, Inc. has a 1-year low of $145.98 and a 1-year high of $238.59. The stock has a market cap of $120.54 billion, a price-to-earnings ratio of 39.84, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93.

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

Fiserv announced that its Board of Directors has initiated a stock buyback plan on Thursday, February 20th that authorizes the company to buyback 60,000,000 shares. This buyback authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign 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.