TRUE Private Wealth Advisors Makes New $630,000 Investment in Fiserv, Inc. (NYSE:FI)

TRUE Private Wealth Advisors purchased a new position in Fiserv, Inc. (NYSE:FI) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,743 shares of the business services provider’s stock, valued at approximately $630,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FI. Vanguard Group Inc. boosted its stake in shares of Fiserv by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 50,506,740 shares of the business services provider’s stock valued at $5,705,241,000 after buying an additional 789,232 shares during the last quarter. State Street Corp boosted its stake in shares of Fiserv by 4.1% during the 1st quarter. State Street Corp now owns 25,700,156 shares of the business services provider’s stock valued at $2,904,889,000 after buying an additional 1,022,653 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Fiserv by 1.2% during the 1st quarter. Geode Capital Management LLC now owns 12,421,876 shares of the business services provider’s stock valued at $1,400,906,000 after buying an additional 149,811 shares during the last quarter. Morgan Stanley raised its position in shares of Fiserv by 131.3% during the 4th quarter. Morgan Stanley now owns 9,980,646 shares of the business services provider’s stock valued at $1,008,744,000 after acquiring an additional 5,666,145 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its position in shares of Fiserv by 14.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 6,606,698 shares of the business services provider’s stock valued at $833,435,000 after acquiring an additional 817,660 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FI shares. Morgan Stanley upped their price target on Fiserv from $133.00 to $142.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. BMO Capital Markets upped their price target on Fiserv from $152.00 to $157.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Barclays increased their target price on Fiserv from $165.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Susquehanna increased their target price on Fiserv from $175.00 to $180.00 and gave the stock a “positive” rating in a research report on Monday, March 25th. Finally, B. Riley increased their target price on Fiserv from $152.00 to $176.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $158.21.

Fiserv Trading Up 0.5 %

NYSE:FI opened at $147.13 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.73. Fiserv, Inc. has a 1-year low of $109.11 and a 1-year high of $159.99. The firm has a market capitalization of $86.62 billion, a price-to-earnings ratio of 29.43, a price-to-earnings-growth ratio of 1.20 and a beta of 0.91. The stock has a fifty day simple moving average of $151.65 and a 200 day simple moving average of $136.03.

Fiserv (NYSE:FI) last released its quarterly earnings results on Tuesday, February 6th. The business services provider reported $2.19 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.04. Fiserv had a return on equity of 15.16% and a net margin of 16.07%. The business had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.68 billion. During the same quarter last year, the company posted $1.91 EPS. Fiserv’s revenue for the quarter was up 6.2% on a year-over-year basis. Sell-side analysts forecast that Fiserv, Inc. will post 8.62 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 23,929 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $151.79, for a total value of $3,632,182.91. Following the completion of the sale, the chief operating officer now directly owns 163,699 shares of the company’s stock, valued at approximately $24,847,871.21. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 111,575 shares of company stock valued at $17,022,387. Corporate insiders own 0.75% of the company’s stock.

Fiserv Company 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.