Fiserv, Inc. (NYSE:FI) Shares Bought by Global Trust Asset Management LLC

Global Trust Asset Management LLC lifted its holdings in shares of Fiserv, Inc. (NYSE:FI) by 104.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,236 shares of the business services provider’s stock after buying an additional 630 shares during the quarter. Global Trust Asset Management LLC’s holdings in Fiserv were worth $273,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. LaFleur & Godfrey LLC grew its holdings in shares of Fiserv by 0.4% during the fourth quarter. LaFleur & Godfrey LLC now owns 18,116 shares of the business services provider’s stock worth $3,721,000 after buying an additional 75 shares in the last quarter. Brighton Jones LLC boosted its position in Fiserv by 91.9% during the fourth quarter. Brighton Jones LLC now owns 4,245 shares of the business services provider’s stock worth $872,000 after acquiring an additional 2,033 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Fiserv during the 4th quarter valued at about $11,330,000. Van ECK Associates Corp raised its holdings in Fiserv by 2.7% in the 4th quarter. Van ECK Associates Corp now owns 22,699 shares of the business services provider’s stock valued at $4,663,000 after acquiring an additional 594 shares during the last quarter. Finally, Principal Securities Inc. lifted its stake in Fiserv by 6.1% in the 4th quarter. Principal Securities Inc. now owns 27,317 shares of the business services provider’s stock worth $5,611,000 after purchasing an additional 1,565 shares in the last quarter. Institutional investors and hedge funds own 90.98% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. UBS Group dropped their price target on Fiserv from $255.00 to $225.00 and set a “buy” rating for the company in a research report on Wednesday, May 28th. Tigress Financial boosted their price objective on Fiserv from $244.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, May 29th. Wall Street Zen began coverage on Fiserv in a research note on Sunday, March 23rd. They issued a “buy” rating for the company. BMO Capital Markets lowered their price target on shares of Fiserv from $254.00 to $232.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Finally, Monness Crespi & Hardt lowered shares of Fiserv from a “neutral” rating to a “sell” rating and set a $145.00 price objective for the company. in a report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Fiserv has an average rating of “Moderate Buy” and an average target price of $220.27.

Insider Buying and Selling at Fiserv

In related news, insider Adam L. Rosman sold 2,512 shares of Fiserv stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $160.68, for a total transaction of $403,628.16. Following the sale, the insider now directly owns 53,385 shares in the company, valued at $8,577,901.80. This trade represents a 4.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andrew Gelb sold 5,652 shares of the firm’s stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $160.00, for a total value of $904,320.00. Following the transaction, the executive vice president now directly owns 25,385 shares in the company, valued at approximately $4,061,600. The trade was a 18.21% decrease in their position. The disclosure for this sale can be found here. 0.74% of the stock is owned by insiders.

Fiserv Stock Up 1.2%

Shares of Fiserv stock opened at $164.94 on Tuesday. Fiserv, Inc. has a 52-week low of $146.46 and a 52-week high of $238.59. The company has a 50 day moving average of $180.92 and a 200 day moving average of $203.05. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $91.45 billion, a P/E ratio of 30.60, a P/E/G ratio of 1.52 and a beta of 0.90.

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

Fiserv declared that its board has initiated a share repurchase program on Thursday, February 20th that permits the company to buyback 60,000,000 outstanding shares. This buyback authorization permits the business services provider to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

About Fiserv

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.