5,064 Shares in Fiserv, Inc. (NYSE:FI) Purchased by Crux Wealth Advisors

Crux Wealth Advisors bought a new stake in shares of Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 5,064 shares of the business services provider’s stock, valued at approximately $1,040,000.

A number of other large investors also recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. raised its position in shares of Fiserv by 4.5% during 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 buying an additional 3,787 shares during the last quarter. Petros Family Wealth LLC bought a new position in shares of Fiserv during the 4th quarter valued at about $279,000. Timucuan Asset Management Inc. FL grew its position in shares of Fiserv by 0.3% during the fourth quarter. Timucuan Asset Management Inc. FL now owns 806,960 shares of the business services provider’s stock valued at $165,766,000 after purchasing an additional 2,456 shares in the last quarter. Act Two Investors LLC increased its holdings in shares of Fiserv by 813.0% in the fourth quarter. Act Two Investors LLC now owns 81,199 shares of the business services provider’s stock worth $16,680,000 after purchasing an additional 72,305 shares during the last quarter. Finally, Heritage Trust Co purchased a new stake in shares of Fiserv in the fourth quarter worth about $8,612,000. 90.98% of the stock is owned by hedge funds and other institutional investors.

Fiserv Trading Up 1.8 %

NYSE:FI opened at $207.98 on Friday. 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 firm has a 50-day simple moving average of $221.27 and a 200-day simple moving average of $210.44. Fiserv, Inc. has a one year low of $145.98 and a one year high of $238.59. The firm has a market cap of $116.17 billion, a P/E ratio of 38.59, a P/E/G ratio of 1.52 and a beta of 0.91.

Fiserv (NYSE:FI) last posted its 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%. Equities analysts anticipate that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its Board of Directors has initiated a stock buyback plan on Thursday, February 20th that allows the company to buyback 60,000,000 outstanding shares. This buyback authorization allows 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 board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. BMO Capital Markets upped their price objective on Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. StockNews.com assumed coverage on shares of Fiserv in a research note on Sunday, March 23rd. They issued a “buy” rating for the company. Wells Fargo & Company upped their target price 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. Monness Crespi & Hardt lowered Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 price target for the company. in a research report on Wednesday. Finally, Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $239.35.

Insider Activity at Fiserv

In other Fiserv 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 value of $10,599,750.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.75% of the stock is owned by corporate insiders.

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.