FFT Wealth Management LLC Purchases 62 Shares of Fiserv, Inc. (NYSE:FI)

FFT Wealth Management LLC increased its position in Fiserv, Inc. (NYSE:FI) by 0.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,725 shares of the business services provider’s stock after acquiring an additional 62 shares during the period. FFT Wealth Management LLC’s holdings in Fiserv were worth $5,490,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. FMR LLC lifted its position in Fiserv by 17.8% during the third quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after purchasing an additional 1,427,664 shares in the last quarter. Sanders Capital LLC purchased a new position in Fiserv during the third quarter valued at $764,543,000. Bank of New York Mellon Corp lifted its position in Fiserv by 4.7% during the fourth quarter. Bank of New York Mellon Corp now owns 3,711,072 shares of the business services provider’s stock valued at $762,328,000 after purchasing an additional 164,949 shares in the last quarter. Barclays PLC lifted its position in Fiserv by 3.0% during the third quarter. Barclays PLC now owns 1,685,157 shares of the business services provider’s stock valued at $302,737,000 after purchasing an additional 48,413 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in Fiserv by 0.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,317,778 shares of the business services provider’s stock valued at $236,739,000 after purchasing an additional 4,218 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Fiserv Trading Up 0.1 %

Shares of NYSE FI opened at $232.34 on Wednesday. The business’s 50 day moving average is $214.94 and its two-hundred day moving average is $199.86. 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 $237.99. The stock has a market capitalization of $130.41 billion, a P/E ratio of 43.11, a PEG ratio of 1.52 and a beta of 0.94.

Fiserv (NYSE:FI) last issued its quarterly earnings data 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%. As a group, research analysts expect that Fiserv, Inc. will post 10.23 EPS for the current year.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. BMO Capital Markets boosted their price objective on Fiserv from $233.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Morgan Stanley boosted their price objective on Fiserv from $258.00 to $267.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Seaport Res Ptn upgraded Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Barclays boosted their price objective on Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Finally, The Goldman Sachs Group boosted their price objective on Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Three equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $239.83.

Insider Activity

In other news, COO Guy Chiarello sold 45,000 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $53,637,326.05. This represents a 16.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.75% of the company’s stock.

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.