Townsquare Capital LLC Raises Stock Position in Fiserv, Inc. (NYSE:FI)

Townsquare Capital LLC lifted its position in Fiserv, Inc. (NYSE:FI) by 33.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 53,873 shares of the business services provider’s stock after purchasing an additional 13,474 shares during the period. Townsquare Capital LLC’s holdings in Fiserv were worth $11,066,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Crux Wealth Advisors purchased a new stake in shares of Fiserv in the 4th quarter worth $1,040,000. Rockefeller Capital Management L.P. raised its holdings in shares of Fiserv by 4.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 87,727 shares of the business services provider’s stock valued at $18,013,000 after acquiring an additional 3,787 shares in the last quarter. Petros Family Wealth LLC purchased a new stake in Fiserv in the fourth quarter worth about $279,000. Timucuan Asset Management Inc. FL grew its holdings in Fiserv by 0.3% during the 4th quarter. Timucuan Asset Management Inc. FL now owns 806,960 shares of the business services provider’s stock worth $165,766,000 after acquiring an additional 2,456 shares in the last quarter. Finally, Act Two Investors LLC increased its position in Fiserv by 813.0% during the 4th quarter. Act Two Investors LLC now owns 81,199 shares of the business services provider’s stock valued at $16,680,000 after purchasing an additional 72,305 shares during the period. 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 the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $235.55, for a total value of $10,599,750.00. Following the sale, the chief operating officer now owns 227,711 shares of the company’s stock, valued at $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.75% of the stock is currently owned by insiders.

Fiserv Trading Up 1.8 %

FI opened at $207.98 on Friday. The business’s 50 day moving average price is $221.27 and its 200 day moving average price is $210.44. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The stock has a market capitalization of $116.17 billion, a PE ratio of 38.59, a P/E/G ratio of 1.52 and a beta of 0.91. Fiserv, Inc. has a one year low of $145.98 and a one year high of $238.59.

Fiserv (NYSE:FI) last released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. As a group, equities research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

Fiserv declared that its board has approved a stock buyback program on Thursday, February 20th that allows the company to repurchase 60,000,000 shares. This repurchase authorization allows the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FI shares. The Goldman Sachs Group raised shares of Fiserv from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $246.00 to $260.00 in a report on Wednesday, April 2nd. Stephens upped their price objective on Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Royal Bank of Canada lifted their target price on Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Monness Crespi & Hardt downgraded shares of Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 price objective on the stock. in a research report on Wednesday. Finally, Oppenheimer increased their target price on shares of Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Fiserv currently has an average rating of “Moderate Buy” and a consensus price target of $239.35.

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.