Fiserv, Inc. (NYSE:FI) Shares Purchased by Evoke Wealth LLC

Evoke Wealth LLC lifted its position in Fiserv, Inc. (NYSE:FI) by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,362 shares of the business services provider’s stock after acquiring an additional 654 shares during the period. Evoke Wealth LLC’s holdings in Fiserv were worth $1,923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of Fiserv by 17.8% in the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock worth $1,696,341,000 after acquiring an additional 1,427,664 shares during the last quarter. Sanders Capital LLC acquired a new stake in shares of Fiserv in the third quarter worth approximately $764,543,000. Bank of New York Mellon Corp boosted its stake in shares of Fiserv by 4.7% in the fourth quarter. Bank of New York Mellon Corp now owns 3,711,072 shares of the business services provider’s stock worth $762,328,000 after acquiring an additional 164,949 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Fiserv by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,620,785 shares of the business services provider’s stock worth $743,782,000 after acquiring an additional 90,475 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Fiserv during the fourth quarter worth $614,982,000. 90.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FI. Seaport Res Ptn raised Fiserv from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. BMO Capital Markets boosted their price objective on Fiserv from $233.00 to $260.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Oppenheimer boosted their price objective on Fiserv from $214.00 to $239.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Susquehanna boosted their price objective on Fiserv from $230.00 to $270.00 and gave the stock a “positive” rating in a research note on Monday, February 10th. Finally, Compass Point began coverage on Fiserv in a research report on Wednesday, November 20th. They issued a “buy” rating and a $278.00 target price on the stock. Three research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $239.83.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 45,000 shares of the company’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 sale, the chief operating officer now owns 227,711 shares in the company, valued at $53,637,326.05. This represents a 16.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.75% of the stock is owned by company insiders.

Fiserv Price Performance

Shares of NYSE FI opened at $216.77 on Wednesday. The stock’s 50-day moving average is $219.47 and its two-hundred day moving average is $205.48. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.06 and a quick ratio of 1.07. Fiserv, Inc. has a 1-year low of $145.98 and a 1-year high of $238.59. The company has a market cap of $121.67 billion, a price-to-earnings ratio of 40.22, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93.

Fiserv (NYSE:FI) last issued its quarterly 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 forecast that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its board has initiated a stock 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 purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

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.