Knuff & Co LLC Invests $45,000 in Fiserv, Inc. (NYSE:FI)

Knuff & Co LLC acquired a new position in shares of Fiserv, Inc. (NYSE:FI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 220 shares of the business services provider’s stock, valued at approximately $45,000.

Other large investors also recently made changes to their positions in the company. Valley National Advisers Inc. bought a new stake in shares of Fiserv during the fourth quarter worth $29,000. Marshall Investment Management LLC bought a new stake in shares of Fiserv during the fourth quarter worth $29,000. Compass Financial Services Inc bought a new stake in shares of Fiserv during the fourth quarter worth $31,000. Kennebec Savings Bank bought a new stake in shares of Fiserv during the third quarter worth $40,000. Finally, Friedenthal Financial bought a new stake in shares of Fiserv during the fourth quarter worth $49,000. Institutional investors own 90.98% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group raised their target price on shares of Fiserv from $208.00 to $231.00 and gave the company a “neutral” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada raised their target price on shares of Fiserv from $255.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Stephens raised their target price on shares of Fiserv from $255.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Citigroup raised their target price on shares of Fiserv from $230.00 to $233.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Finally, Seaport Res Ptn raised shares of Fiserv from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $239.83.

Insider Buying and Selling at Fiserv

In related 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 directly owns 227,711 shares of the company’s stock, 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 document filed with the SEC, which is available through the SEC website. Insiders own 0.75% of the company’s stock.

Fiserv Stock Performance

FI opened at $213.91 on Wednesday. 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’s fifty day moving average price is $218.65 and its two-hundred day moving average price is $204.00. 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 $120.06 billion, a price-to-earnings ratio of 39.69, a PEG ratio of 1.52 and a beta of 0.93.

Fiserv (NYSE:FI) last posted its earnings results on Wednesday, February 5th. The business services provider reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.03. Fiserv had a net margin of 15.31% and a return on equity of 17.93%. On average, analysts expect that Fiserv, Inc. will post 10.23 EPS for the current fiscal year.

Fiserv declared that its Board of Directors has initiated a stock repurchase program on Thursday, February 20th that permits the company to repurchase 60,000,000 outstanding shares. This repurchase authorization permits the business services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are 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.