SMART Wealth LLC Increases Holdings in Fiserv, Inc. (NYSE:FI)

SMART Wealth LLC grew its position in shares of Fiserv, Inc. (NYSE:FI) by 186.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,486 shares of the business services provider’s stock after purchasing an additional 2,270 shares during the quarter. SMART Wealth LLC’s holdings in Fiserv were worth $716,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Catalina Capital Group LLC raised its stake in shares of Fiserv by 2.3% during the 4th quarter. Catalina Capital Group LLC now owns 2,160 shares of the business services provider’s stock worth $444,000 after buying an additional 48 shares during the period. Mount Yale Investment Advisors LLC increased its holdings in Fiserv by 1.2% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 4,126 shares of the business services provider’s stock worth $848,000 after acquiring an additional 50 shares in the last quarter. Waypoint Capital Advisors LLC lifted its holdings in Fiserv by 1.7% during the third quarter. Waypoint Capital Advisors LLC now owns 3,118 shares of the business services provider’s stock valued at $560,000 after purchasing an additional 51 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in Fiserv by 3.0% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,752 shares of the business services provider’s stock valued at $360,000 after purchasing an additional 51 shares in the last quarter. Finally, Optas LLC grew its position in shares of Fiserv by 1.7% in the third quarter. Optas LLC now owns 3,216 shares of the business services provider’s stock valued at $578,000 after purchasing an additional 54 shares during the period. 90.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FI has been the topic of a number of research reports. Stephens raised their price target on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday. Royal Bank of Canada raised their target price on Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday. Jefferies Financial Group boosted their price target on Fiserv from $195.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. KeyCorp raised their price objective on Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $232.13.

Insiders Place Their Bets

In other Fiserv news, CAO Kenneth Best sold 20,821 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $214.61, for a total value of $4,468,394.81. Following the completion of the transaction, the chief accounting officer now owns 38,771 shares in the company, valued at $8,320,644.31. The trade was a 34.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.75% of the company’s stock.

Fiserv Stock Up 0.7 %

Fiserv stock opened at $231.05 on Friday. The company has a market capitalization of $131.45 billion, a PE ratio of 44.43, a price-to-earnings-growth ratio of 1.42 and a beta of 0.94. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.07 and a current ratio of 1.07. Fiserv, Inc. has a fifty-two week low of $140.26 and a fifty-two week high of $232.25. The firm has a 50 day moving average price of $208.61 and a 200 day moving average price of $192.51.

Fiserv (NYSE:FI) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a return on equity of 17.10% and a net margin of 15.22%. Research analysts expect that Fiserv, Inc. will post 8.77 earnings per share for the current year.

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.