705 Shares in Fiserv, Inc. (NYSE:FI) Purchased by J.Safra Asset Management Corp

J.Safra Asset Management Corp acquired a new stake in Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 705 shares of the business services provider’s stock, valued at approximately $145,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Marshall Investment Management LLC acquired a new stake in Fiserv in the 4th quarter valued at about $29,000. Valley National Advisers Inc. acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $29,000. Compass Financial Services Inc acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $31,000. Kennebec Savings Bank acquired a new stake in shares of Fiserv during the 3rd quarter worth approximately $40,000. Finally, Roxbury Financial LLC acquired a new stake in shares of Fiserv during the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

Insider Buying and Selling

In related news, COO Guy Chiarello sold 45,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were 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 directly owns 227,711 shares in the company, valued at approximately $53,637,326.05. The trade was a 16.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.75% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on FI shares. Wells Fargo & Company lifted their price target on shares of Fiserv from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. The Goldman Sachs Group lifted their price target on shares of Fiserv from $208.00 to $231.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada lifted their price target on shares of Fiserv from $255.00 to $270.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. KeyCorp lifted their price target on shares of Fiserv from $250.00 to $270.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Finally, Stephens lifted their price objective on shares of Fiserv from $255.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Three 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $239.83.

Fiserv Price Performance

NYSE FI opened at $226.07 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. Fiserv, Inc. has a 12-month low of $145.98 and a 12-month high of $238.59. The company has a market capitalization of $126.89 billion, a PE ratio of 41.94, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. The firm’s 50 day moving average is $217.92 and its 200-day moving average is $202.41.

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, topping analysts’ consensus estimates of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. Equities research analysts anticipate 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 plan on Thursday, February 20th that authorizes the company to repurchase 60,000,000 outstanding shares. This repurchase authorization authorizes the business services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Fiserv Company 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.