Rothschild Capital Partners LLC Buys Shares of 1,540 Fiserv, Inc. (NYSE:FI)

Rothschild Capital Partners LLC purchased a new position in Fiserv, Inc. (NYSE:FI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,540 shares of the business services provider’s stock, valued at approximately $316,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of FI. Barclays PLC boosted its holdings in shares of Fiserv by 3.0% in 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 during the period. Invst LLC purchased a new stake in shares of Fiserv in the 3rd quarter worth $211,000. SkyView Investment Advisors LLC lifted its holdings in shares of Fiserv by 4.4% in the 3rd quarter. SkyView Investment Advisors LLC now owns 5,275 shares of the business services provider’s stock worth $948,000 after buying an additional 223 shares during the period. Anchor Investment Management LLC grew its position in shares of Fiserv by 1.4% during the 3rd quarter. Anchor Investment Management LLC now owns 35,463 shares of the business services provider’s stock worth $6,371,000 after buying an additional 497 shares in the last quarter. Finally, World Investment Advisors LLC increased its stake in shares of Fiserv by 1,469.7% during the third quarter. World Investment Advisors LLC now owns 55,802 shares of the business services provider’s stock valued at $10,025,000 after buying an additional 52,247 shares during the period. 90.98% of the stock is owned by institutional investors.

Insider Buying and Selling at Fiserv

In other news, COO Guy Chiarello sold 45,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief operating officer now directly 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.75% of the company’s stock.

Fiserv Stock Down 18.7 %

Shares of FI opened at $176.55 on Friday. Fiserv, Inc. has a one year low of $146.25 and a one year high of $238.59. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.07 and a current ratio of 1.06. The stock has a 50 day moving average price of $217.25 and a 200 day moving average price of $211.85. The stock has a market capitalization of $98.62 billion, a price-to-earnings ratio of 32.76, a PEG ratio of 1.52 and a beta of 0.91.

Fiserv (NYSE:FI) last announced its quarterly earnings data on Thursday, April 24th. The business services provider reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.06. The company had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $4.86 billion. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Equities research analysts forecast that Fiserv, Inc. will post 10.23 earnings per share for the current fiscal 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 shares. This repurchase authorization allows the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. StockNews.com started coverage on shares of Fiserv in a report on Sunday, March 23rd. They set a “buy” rating on the stock. Susquehanna dropped their price objective on shares of Fiserv from $270.00 to $250.00 and set a “positive” rating on the stock in a research note on Tuesday, April 15th. Barclays lifted their price objective on shares of Fiserv from $235.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Stephens upped their target price on Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company lifted their price target on Fiserv from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $234.79.

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.