Fiserv, Inc. (NYSE:FI) Shares Acquired by Truvestments Capital LLC

Truvestments Capital LLC grew its holdings in Fiserv, Inc. (NYSE:FI) by 20.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,403 shares of the business services provider’s stock after buying an additional 913 shares during the quarter. Truvestments Capital LLC’s holdings in Fiserv were worth $1,110,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Valley National Advisers Inc. acquired a new stake in shares of Fiserv in the 4th quarter valued at approximately $29,000. Marshall Investment Management LLC acquired a new stake in shares of Fiserv in the 4th quarter valued at approximately $29,000. Compass Financial Services Inc acquired a new stake in shares of Fiserv in the 4th quarter valued at approximately $31,000. Kennebec Savings Bank acquired a new position in Fiserv during the third quarter worth $40,000. Finally, Knuff & Co LLC acquired a new position in Fiserv during the fourth quarter worth $45,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Price Performance

FI stock opened at $213.91 on Wednesday. The stock has a 50-day moving average price of $218.65 and a two-hundred day moving average price of $204.00. Fiserv, Inc. has a 12-month low of $145.98 and a 12-month high of $238.59. The company has a current ratio of 1.06, a quick ratio of 1.07 and a debt-to-equity ratio of 0.86. The company has a market cap of $120.06 billion, a PE ratio of 39.69, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93.

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

Fiserv declared that its board has approved a stock buyback program on Thursday, February 20th that allows the company to repurchase 60,000,000 outstanding shares. This repurchase authorization allows the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

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 transaction, the chief operating officer now owns 227,711 shares in the company, valued at $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. 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.

Analyst Upgrades and Downgrades

FI has been the subject of several research reports. StockNews.com cut Fiserv from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Wells Fargo & Company lifted their price objective on Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Stephens raised their price target on Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. BMO Capital Markets raised their price target on Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, Susquehanna raised their price target on Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a research report on Monday, February 10th. Three research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.