Ellevest Inc. Buys 84 Shares of Fiserv, Inc. (NYSE:FI)

Ellevest Inc. raised its stake in shares of Fiserv, Inc. (NYSE:FI) by 1.9% during the fourth quarter, HoldingsChannel reports. The firm owned 4,594 shares of the business services provider’s stock after buying an additional 84 shares during the quarter. Ellevest Inc.’s holdings in Fiserv were worth $944,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FI. Valley National Advisers Inc. purchased a new position in Fiserv during the fourth quarter worth $29,000. Marshall Investment Management LLC bought a new stake in shares of Fiserv in the 4th quarter worth about $29,000. Compass Financial Services Inc bought a new stake in shares of Fiserv in the 4th quarter worth about $31,000. Campbell Capital Management Inc. purchased a new position in shares of Fiserv during the 4th quarter worth about $37,000. Finally, Quarry LP grew its holdings in Fiserv by 51.9% during the 4th quarter. Quarry LP now owns 205 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 70 shares during the last quarter. 90.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FI shares. UBS Group decreased their price objective on shares of Fiserv from $265.00 to $255.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Barclays decreased their price target on Fiserv from $265.00 to $230.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. BMO Capital Markets cut their price objective on Fiserv from $254.00 to $232.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. StockNews.com started coverage on Fiserv in a research note on Sunday, March 23rd. They issued a “buy” rating on the stock. Finally, Wells Fargo & Company boosted their target price on shares of Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $230.00.

Fiserv Trading Down 0.4 %

FI opened at $181.38 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 firm has a market cap of $100.56 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 1.52 and a beta of 0.97. Fiserv, Inc. has a 12 month low of $146.25 and a 12 month high of $238.59. The stock has a fifty day moving average price of $207.03 and a 200-day moving average price of $211.15.

Fiserv (NYSE:FI) last announced its earnings results on Thursday, April 24th. The business services provider reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.06. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.86 billion. During the same period in the previous year, the company posted $1.88 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

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

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $235.55, for a total transaction 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 $53,637,326.05. This represents a 16.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.74% of the stock is currently owned by corporate insiders.

Fiserv 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.