836 Shares in Fiserv, Inc. (NYSE:FI) Bought by Crowley Wealth Management Inc.

Crowley Wealth Management Inc. bought a new stake in Fiserv, Inc. (NYSE:FI) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 836 shares of the business services provider’s stock, valued at approximately $172,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FI. Stevens Capital Management LP acquired a new position in Fiserv during the fourth quarter worth about $852,000. LPL Financial LLC increased its stake in Fiserv by 28.6% in the 4th quarter. LPL Financial LLC now owns 504,684 shares of the business services provider’s stock valued at $103,672,000 after purchasing an additional 112,144 shares in the last quarter. Optimum Investment Advisors boosted its position in Fiserv by 1.6% during the fourth quarter. Optimum Investment Advisors now owns 4,790 shares of the business services provider’s stock worth $984,000 after purchasing an additional 75 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in Fiserv in the fourth quarter valued at $781,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Fiserv in the fourth quarter valued at $43,330,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FI has been the topic of several recent research reports. Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Stephens raised their price objective on shares of Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. The Goldman Sachs Group upped their target price on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Susquehanna raised their price target on Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a research report on Monday, February 10th. Finally, Oppenheimer upped their price objective on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Three analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Fiserv currently has an average rating of “Moderate Buy” and a consensus target price of $239.83.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction on Thursday, February 20th. The shares were 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 owns 227,711 shares of the company’s stock, valued at $53,637,326.05. The trade was a 16.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.75% of the stock is currently owned by corporate insiders.

Fiserv Stock Performance

Shares of FI stock opened at $218.01 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The company has a market cap of $122.37 billion, a PE ratio of 40.45, a P/E/G ratio of 1.52 and a beta of 0.93. The company’s fifty day simple moving average is $220.46 and its 200-day simple moving average is $206.23. Fiserv, Inc. has a 52 week low of $145.98 and a 52 week high of $238.59.

Fiserv (NYSE:FI) last released its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, beating the consensus estimate 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 anticipate 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 outstanding shares. This repurchase authorization allows the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Fiserv Company 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.