TD Private Client Wealth LLC Has $912,000 Stock Position in Fiserv, Inc. (NYSE:FI)

TD Private Client Wealth LLC lifted its stake in shares of Fiserv, Inc. (NYSE:FI) by 35.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,440 shares of the business services provider’s stock after purchasing an additional 1,160 shares during the period. TD Private Client Wealth LLC’s holdings in Fiserv were worth $912,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Whittier Trust Co. lifted its stake in Fiserv by 2.4% in the fourth quarter. Whittier Trust Co. now owns 5,312 shares of the business services provider’s stock valued at $1,091,000 after acquiring an additional 125 shares during the last quarter. iA Global Asset Management Inc. lifted its stake in Fiserv by 6.3% in the 4th quarter. iA Global Asset Management Inc. now owns 70,917 shares of the business services provider’s stock valued at $14,568,000 after purchasing an additional 4,209 shares during the last quarter. Settian Capital LP bought a new position in Fiserv during the fourth quarter worth about $1,438,000. Teacher Retirement System of Texas increased its position in Fiserv by 17.8% during the fourth quarter. Teacher Retirement System of Texas now owns 182,010 shares of the business services provider’s stock worth $37,388,000 after buying an additional 27,478 shares during the last quarter. Finally, Vinva Investment Management Ltd raised its stake in Fiserv by 15.6% in the fourth quarter. Vinva Investment Management Ltd now owns 28,777 shares of the business services provider’s stock valued at $5,936,000 after buying an additional 3,881 shares during the period. 90.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Morgan Stanley lifted their target price on Fiserv from $258.00 to $267.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. KeyCorp upped their price objective on shares of Fiserv from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Barclays raised their target price on shares of Fiserv from $235.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. The Goldman Sachs Group upped their price target on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Finally, Seaport Res Ptn upgraded shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $239.83.

Insider Buying and Selling 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 sale, the chief operating officer now owns 227,711 shares in the company, valued at $53,637,326.05. This trade represents a 16.50 % decrease in their ownership of the stock. 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 Stock Performance

Shares of Fiserv stock opened at $218.01 on Monday. 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 $122.37 billion, a PE ratio of 40.45, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. The company has a 50 day moving average of $220.46 and a 200-day moving average of $206.46. Fiserv, Inc. has a 1-year low of $145.98 and a 1-year high of $238.59.

Fiserv (NYSE:FI) last issued its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share for the quarter, beating 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, equities research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal year.

Fiserv announced that its board has authorized a stock buyback plan on Thursday, February 20th that permits the company to buyback 60,000,000 outstanding shares. This buyback authorization permits the business services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

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.