Obermeyer Wealth Partners Has $530,000 Stock Holdings in Fiserv, Inc. (NYSE:FI)

Obermeyer Wealth Partners lessened its holdings in shares of Fiserv, Inc. (NYSE:FI) by 16.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,581 shares of the business services provider’s stock after selling 500 shares during the period. Obermeyer Wealth Partners’ holdings in Fiserv were worth $530,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Trust Co. of Vermont boosted its holdings in Fiserv by 170.4% in the fourth quarter. Trust Co. of Vermont now owns 6,839 shares of the business services provider’s stock valued at $1,405,000 after acquiring an additional 4,310 shares during the last quarter. Root Financial Partners LLC bought a new stake in Fiserv during the fourth quarter valued at $257,000. Merit Financial Group LLC boosted its holdings in shares of Fiserv by 146.9% during the 4th quarter. Merit Financial Group LLC now owns 19,803 shares of the business services provider’s stock worth $4,068,000 after buying an additional 11,783 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Fiserv by 0.8% during the fourth quarter. Principal Financial Group Inc. now owns 929,193 shares of the business services provider’s stock worth $190,875,000 after acquiring an additional 7,183 shares in the last quarter. Finally, USAdvisors Wealth Management LLC bought a new position in Fiserv in the fourth quarter worth approximately $322,000. Institutional investors and hedge funds 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 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 completion of the sale, the chief operating officer now directly owns 227,711 shares in the company, valued at approximately $53,637,326.05. The trade was a 16.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.74% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on FI shares. The Goldman Sachs Group raised shares of Fiserv from a “neutral” rating to a “buy” rating and raised their price target for the company from $246.00 to $260.00 in a research report on Wednesday, April 2nd. KeyCorp increased their price target on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Susquehanna decreased their target price on Fiserv from $250.00 to $240.00 and set a “positive” rating for the company in a research report on Friday, April 25th. Finally, Stephens boosted their price target on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $230.00.

Fiserv Price Performance

Shares of NYSE FI opened at $191.00 on Wednesday. Fiserv, Inc. has a twelve month low of $146.25 and a twelve month high of $238.59. The firm has a market cap of $105.90 billion, a P/E ratio of 35.44, a PEG ratio of 1.52 and a beta of 0.97. The company has a 50 day moving average of $204.87 and a 200 day moving average of $210.93. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86.

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

Fiserv announced that its board has approved a share repurchase plan on Thursday, February 20th that permits the company to buyback 60,000,000 shares. This buyback authorization permits 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 board believes its shares are undervalued.

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.