Fiserv, Inc. (NYSE:FI) Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC increased its stake in shares of Fiserv, Inc. (NYSE:FI) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 474,213 shares of the business services provider’s stock after purchasing an additional 20,535 shares during the quarter. Corient Private Wealth LLC owned 0.08% of Fiserv worth $97,413,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.75% of the company’s stock.

Fiserv Trading Up 2.6 %

Shares of Fiserv stock opened at $214.91 on Monday. Fiserv, Inc. has a fifty-two week low of $145.98 and a fifty-two week high of $238.59. The business’s fifty day moving average is $218.96 and its two-hundred day moving average is $204.87. 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 firm has a market cap of $120.62 billion, a PE ratio of 39.87, a P/E/G ratio of 1.52 and a beta of 0.93.

Fiserv (NYSE:FI) last released its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share 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%. Analysts anticipate that Fiserv, Inc. will post 10.23 earnings per share for the current year.

Fiserv announced that its board has initiated a share buyback program on Thursday, February 20th that allows the company to buyback 60,000,000 shares. This buyback authorization allows the business services provider to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts have recently commented on FI shares. Compass Point initiated coverage on Fiserv in a report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 price target for the company. Oppenheimer raised their target price on Fiserv from $214.00 to $239.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. StockNews.com cut shares of Fiserv from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Keefe, Bruyette & Woods raised their price objective on shares of Fiserv from $238.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group upped their target price on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Three analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate 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.