416 Shares in Fiserv, Inc. (NYSE:FI) Purchased by Curio Wealth LLC

Curio Wealth LLC bought a new position in shares of Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 416 shares of the business services provider’s stock, valued at approximately $85,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Valley National Advisers Inc. acquired a new stake in Fiserv during the fourth quarter worth about $29,000. Marshall Investment Management LLC acquired a new stake in shares of Fiserv during the 4th quarter valued at about $29,000. Compass Financial Services Inc acquired a new stake in shares of Fiserv during the 4th quarter valued at about $31,000. Campbell Capital Management Inc. acquired a new stake in shares of Fiserv during the 4th quarter valued at about $37,000. Finally, Knuff & Co LLC acquired a new stake in shares of Fiserv during the 4th quarter valued at about $45,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Fiserv

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $235.55, for a total value of $10,599,750.00. Following the completion of the transaction, the chief operating officer now owns 227,711 shares of the company’s stock, valued at $53,637,326.05. This trade represents a 16.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.75% of the company’s stock.

Fiserv Trading Up 2.6 %

FI opened at $214.91 on Monday. Fiserv, Inc. has a 52 week low of $145.98 and a 52 week high of $238.59. The business has a fifty day simple moving average of $218.96 and a 200-day simple moving average of $204.87. The firm has a market cap of $120.62 billion, a P/E ratio of 39.87, a P/E/G ratio of 1.52 and a beta of 0.93. 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 released its quarterly earnings results on Wednesday, February 5th. The business services provider reported $2.51 EPS for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a return on equity of 17.93% and a net margin of 15.31%. On average, equities analysts expect that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv declared that its Board of Directors has approved a stock buyback plan on Thursday, February 20th that allows the company to repurchase 60,000,000 shares. This repurchase authorization allows the business services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several analysts have recently issued reports on FI shares. Stephens lifted their target price 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. Keefe, Bruyette & Woods lifted their target price on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Wells Fargo & Company lifted their target price on shares of Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Citigroup lifted their target price on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Finally, Barclays upped their price objective on shares of Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Three analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $239.83.

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.