Wedmont Private Capital boosted its position in shares of Fiserv, Inc. (NYSE:FI – Get Rating) by 43.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,097 shares of the business services provider’s stock after buying an additional 943 shares during the period. Wedmont Private Capital’s holdings in Fiserv were worth $352,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. CWM LLC grew its position in shares of Fiserv by 17.1% in the fourth quarter. CWM LLC now owns 17,551 shares of the business services provider’s stock valued at $1,774,000 after purchasing an additional 2,567 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Fiserv by 4.2% in the fourth quarter. Van ECK Associates Corp now owns 35,557 shares of the business services provider’s stock valued at $3,594,000 after purchasing an additional 1,448 shares in the last quarter. Valeo Financial Advisors LLC purchased a new stake in shares of Fiserv in the fourth quarter valued at approximately $315,000. Goldstein Advisors LLC purchased a new stake in shares of Fiserv in the fourth quarter valued at approximately $204,000. Finally, Castleview Partners LLC grew its position in shares of Fiserv by 96.8% in the fourth quarter. Castleview Partners LLC now owns 311 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 153 shares in the last quarter. 88.26% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
FI has been the subject of several analyst reports. Truist Financial increased their price objective on Fiserv from $105.00 to $130.00 in a research report on Wednesday, April 26th. StockNews.com initiated coverage on Fiserv in a research report on Tuesday, June 13th. They issued a “buy” rating for the company. Mizuho increased their price objective on Fiserv from $135.00 to $140.00 in a research report on Monday, May 1st. Tigress Financial increased their price objective on Fiserv from $154.00 to $160.00 in a research report on Wednesday, May 3rd. Finally, Stephens increased their price objective on Fiserv from $120.00 to $125.00 in a research report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $132.16.
Insider Activity
In other Fiserv news, COO Guy Chiarello sold 8,000 shares of the firm’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $121.69, for a total value of $973,520.00. Following the sale, the chief operating officer now directly owns 195,356 shares in the company, valued at $23,772,871.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Fiserv news, COO Guy Chiarello sold 8,000 shares of the firm’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $121.69, for a total value of $973,520.00. Following the sale, the chief operating officer now directly owns 195,356 shares in the company, valued at $23,772,871.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Robert W. Hau sold 8,500 shares of the firm’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $119.33, for a total value of $1,014,305.00. Following the completion of the sale, the chief financial officer now owns 133,491 shares in the company, valued at $15,929,481.03. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,500 shares of company stock worth $2,884,625. Corporate insiders own 1.00% of the company’s stock.
Fiserv Stock Up 0.4 %
Shares of NYSE FI opened at $120.54 on Friday. The stock has a market cap of $75.71 billion, a P/E ratio of 31.80, a PEG ratio of 1.31 and a beta of 0.86. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.71. Fiserv, Inc. has a 12-month low of $87.80 and a 12-month high of $122.39. The business’s fifty day simple moving average is $117.68 and its 200-day simple moving average is $111.50.
Fiserv (NYSE:FI – Get Rating) last announced its quarterly earnings data on Tuesday, April 25th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.02. The business had revenue of $4.55 billion for the quarter, compared to analysts’ expectations of $4.17 billion. Fiserv had a return on equity of 13.68% and a net margin of 13.36%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the firm earned $1.40 earnings per share. As a group, equities analysts predict that Fiserv, Inc. will post 7.36 EPS for the current fiscal year.
Fiserv declared that its Board of Directors has initiated a stock repurchase program on Thursday, February 23rd that permits the company to buyback 75,000,000 outstanding shares. This buyback authorization permits the business services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.
About Fiserv
Fiserv, Inc, together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform.