4,337 Shares in Fiserv, Inc. (NYSE:FI) Bought by Prasad Wealth Partners LLC

Prasad Wealth Partners LLC bought a new position in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,337 shares of the business services provider’s stock, valued at approximately $891,000.

Other institutional investors have also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. boosted its position in shares of Fiserv by 46.4% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 4,867 shares of the business services provider’s stock valued at $874,000 after acquiring an additional 1,542 shares in the last quarter. Allworth Financial LP raised its stake in shares of Fiserv by 11.9% in the third quarter. Allworth Financial LP now owns 4,808 shares of the business services provider’s stock worth $864,000 after acquiring an additional 510 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Fiserv by 16.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 55,801 shares of the business services provider’s stock worth $10,025,000 after acquiring an additional 7,817 shares during the last quarter. PFG Investments LLC raised its stake in shares of Fiserv by 2.7% in the third quarter. PFG Investments LLC now owns 2,807 shares of the business services provider’s stock worth $504,000 after acquiring an additional 73 shares during the last quarter. Finally, Boston Trust Walden Corp raised its stake in shares of Fiserv by 5.6% during the third quarter. Boston Trust Walden Corp now owns 6,308 shares of the business services provider’s stock worth $1,133,000 after buying an additional 333 shares during the last quarter. Institutional investors own 90.98% of the company’s stock.

Insider Activity at Fiserv

In related news, COO Guy Chiarello sold 45,000 shares of Fiserv stock in a transaction that occurred 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 sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.75% of the stock is currently owned by insiders.

Fiserv Price Performance

NYSE:FI opened at $231.83 on Tuesday. The firm has a market cap of $130.12 billion, a price-to-earnings ratio of 43.01, a P/E/G ratio of 1.52 and a beta of 0.94. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. Fiserv, Inc. has a 52 week low of $145.98 and a 52 week high of $237.99. The firm’s 50-day simple moving average is $214.38 and its 200 day simple moving average is $199.36.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. As a group, sell-side analysts predict that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its board has authorized a share buyback program 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 programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. KeyCorp boosted their price objective on shares of Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Susquehanna boosted their price objective on shares of Fiserv from $230.00 to $270.00 and gave the company a “positive” rating in a report on Monday, February 10th. Finally, Morgan Stanley boosted their price objective on shares of Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $239.83.

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.